UniFirst Earnings: Everything You Must Know Now
UniFirst Corp. (NYSE:UNF) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
UniFirst Corp. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 23.28% to $1.43 in the quarter versus EPS of $1.16 in the year-earlier quarter.
Revenue: Rose 4.63% to $335.8 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: UniFirst Corp. reported adjusted EPS income of $1.43 per share. By that measure, the company beat the mean analyst estimate of $1.37. It missed the average revenue estimate of $336.36 million.
Quoting Management: Ronald D. Croatti, UniFirst President and Chief Executive Officer said, “We are very pleased with our results which continue to demonstrate our ability to grow our business and improve its profitability. Our strong operating results and solid financial condition also allow us to continue making investments in our infrastructure and technology that will improve our already high levels of customer service and satisfaction.”
Key Stats (on next page)…
Revenue increased 0.45% from $334.31 million in the previous quarter. EPS increased 7.52% from $1.33 in the previous quarter.
Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $1.43 to a profit $1.46. For the current year, the average estimate has moved up from a profit of $5.64 to a profit of $5.7 over the last ninety days.