WILMINGTON, Mass., May 20, 2025 /PRNewswire/ -- UniFirst Corporation (NYSE:UNF), a North American leader in providing customized business uniform programs, facility service products and first aid and safety services, proudly announces that its Owensboro Distribution and Fulfillment Center in Kentucky has achieved two major safety milestones. UniFirst has once again received the Voluntary Protection Program (VPP) Star certification from the Occupational Safety and Health Administration (OSHA), and it has als ...

WILMINGTON, Mass., May 19, 2025 (GLOBE NEWSWIRE) -- UniFirst Corporation (NYSE: UNF) today announced that Steven S. Sintros, President and Chief Executive Officer and Shane F. O’Connor, Executive Vice President and Chief Financial Officer, will participate in the Baird 2025 Global Consumer, Technology & Services Conference on June 4, 2025 with a featured presentation at 9:40am Eastern Time. The conference is being held at the InterContinental New York Barclay at 111 East 48th Street in New York City. They w ...

The Industrial Products group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is UniFirst (UNF) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.UniFirst is a member of our Industrial Products group, which includes 190 different companies and currently sits at #7 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst i ...

Investors interested in Industrial Products stocks should always be looking to find the best-performing companies in the group. Has UniFirst (UNF) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Industrial Products sector should help us answer this question.UniFirst is one of 192 individual stocks in the Industrial Products sector. Collectively, these companies sit at #10 in the Zacks Sector Rank. The Zacks Sector Rank gauges the ...

Company Overview - Unifirst Corporation (UNF) is currently positioned as an intriguing investment choice due to solid earnings estimate revision activity and a favorable Zacks Industry Rank [1][5] - The company has seen a rise in earnings estimates, indicating a more bullish outlook from analysts for both short and long-term prospects [3][4] Industry Context - The Industrial Products space, where Unifirst operates, has a Zacks Industry Rank of 12 out of 247 industries, suggesting strong overall positioning compared to other segments [2] - A broad trend in the industry is likely benefiting multiple securities, indicating a rising tide effect that could lift all boats within this sector [2] Earnings Estimates - Over the past month, current quarter earnings estimates for Unifirst have increased from $2.07 per share to $2.14 per share, while current year estimates have risen from $7.63 per share to $7.94 per share [4] - These revisions have contributed to Unifirst earning a Zacks Rank of 2 (Buy), highlighting its solid market position [4]

Financial Performance - Revenues for the thirteen weeks ended March 1, 2025, increased to $602,219,000, up 1% from $590,711,000 for the same period in 2024[11] - Net income for the twenty-six weeks ended March 1, 2025, rose to $67,564,000, representing an 8.9% increase compared to $62,782,000 for the same period in 2024[11] - Operating income for the thirteen weeks ended March 1, 2025, was $31,214,000, a 12.8% increase from $27,943,000 in the prior year[11] - Basic income per share for common stock increased to $1.37 for the thirteen weeks ended March 1, 2025, compared to $1.14 for the same period in 2024, reflecting a 20.2% growth[11] - Net income for the twenty-six weeks ended March 1, 2025, was $67,564,000, an increase from $62,782,000 for the same period in the previous year, representing an increase of approximately 12.6%[25] - Cash provided by operating activities for the same period was $128,304,000, compared to $106,725,000 in the prior year, reflecting a growth of about 20.1%[25] - The net income available to shareholders for the thirteen weeks ended March 1, 2025, was $24.459 million, up from $20.457 million for the same period in 2024, indicating a year-over-year increase of 14.6%[66] - Diluted income per share for Common Stock was reported at $1.31 for the thirteen weeks ended March 1, 2025, compared to $1.09 for the same period in 2024, reflecting an increase of approximately 20.2%[68] Assets and Liabilities - Total assets as of March 1, 2025, amounted to $2,733,362,000, an increase from $2,696,413,000 as of August 31, 2024[17] - Cash and cash equivalents increased to $192,174,000 as of March 1, 2025, compared to $161,571,000 as of August 31, 2024[17] - Total current liabilities decreased to $277,560,000 as of March 1, 2025, from $281,437,000 as of August 31, 2024[17] - Shareholders' equity increased to $2,143,556,000 as of March 1, 2025, compared to $2,108,511,000 as of August 31, 2024[17] - Total current assets increased to $936.8 million as of March 1, 2025, compared to $915.7 million as of August 31, 2024[17] - Total liabilities stood at $589.8 million as of March 1, 2025, slightly up from $587.9 million as of August 31, 2024[17] Cash Flow and Investments - Total cash and cash equivalents at the end of the period increased to $192,174,000 from $90,538,000, marking a significant increase of approximately 112%[25] - The net cash used in investing activities was $67,225,000, compared to $73,447,000 in the previous year, indicating a decrease of approximately 8.5%[25] - Capital expenditures, including capitalization of software costs, were $66,086,000 for the current period, down from $72,902,000 in the previous year[25] - The Company completed four business acquisitions during the twenty-six weeks ended March 1, 2025, with an aggregate purchase price of approximately $6.5 million, primarily assigned to goodwill and intangible assets[45] Dividends and Share Repurchase - The company declared dividends of $0.350 per share for common stock and $0.280 per share for Class B common stock, totaling $5,260,000 and $996,000 respectively[25] - The Company authorized a new share repurchase program to repurchase up to $100.0 million of its outstanding shares of Common Stock, which may be executed in the open market or through privately negotiated transactions[116] - The Company repurchased $12,528,000 worth of common stock during the period, compared to $8,119,000 in the previous year, indicating an increase of approximately 54.5%[25] Revenue Segmentation - Core Laundry Operations accounted for 88.0% of total revenues in the thirteen weeks ended March 1, 2025, with revenues of $530,351 thousand, compared to 88.4% and $522,420 thousand in the same period of 2024[35] - Approximately 83.4% of the Company's revenues for the thirteen weeks ended March 1, 2025, were derived from fees for route servicing, consistent with 84.0% in the same period of 2024[36] - The Specialty Garments segment generated revenues of $44.4 million for the thirteen weeks ended March 1, 2025, compared to $43.5 million for the same period in 2024, showing a growth of 2.1%[113] - The First Aid segment reported revenues of $27.5 million for the thirteen weeks ended March 1, 2025, an increase from $24.8 million in the same period last year, representing a growth of 10.5%[113] Expenses and Costs - Selling and administrative expenses related to deferred commissions for the thirteen weeks ended March 1, 2025, were $4,855 thousand, compared to $4,443 thousand for the same period in 2024[43] - Contributions charged to expense under the defined contribution retirement savings plan for the thirteen weeks ended March 1, 2025, were $3.7 million, compared to $4.8 million for the same period in 2024, representing a decrease of 23.1%[59] - The Company reported a depreciation and amortization expense of $69,754,000 for the current period, slightly up from $68,893,000 in the previous year[25] Tax and Environmental Liabilities - The Company's effective tax rate for the thirteen weeks ended March 1, 2025, was 25.0%, a decrease from 26.2% in the prior year, primarily due to excess tax benefits related to stock-based compensation[97] - The Company has accrued environmental liabilities totaling $30.878 million, down from $31.255 million as of August 31, 2024[89] - Anticipated net costs for environmental remediation liabilities over the next five fiscal years total $34.005 million, after accounting for estimated insurance proceeds[90] - The Company has received a tax assessment from the Mexican federal tax authority totaling over $84.7 million, which is currently under appeal[93] Miscellaneous - The company continues to focus on market expansion and new product development strategies to drive future growth[11] - The Company recognized a gain of $0.1 million from derivative financial instruments during the twenty-six weeks ended March 1, 2025, which was reclassified from accumulated other comprehensive loss to revenue[58] - The balance of accumulated other comprehensive loss as of March 1, 2025, was $(32.95) million, compared to $(23.04) million as of February 24, 2024, indicating a deterioration in comprehensive loss[106]

UniFirst (UNF) has been on a downward spiral lately with significant selling pressure. After declining 20.8% over the past four weeks, the stock looks well positioned for a trend reversal as it is now in oversold territory and there is strong agreement among Wall Street analysts that the company will report better earnings than they predicted earlier.How to Determine if a Stock is OversoldWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock i ...

WILMINGTON, Mass., April 08, 2025 (GLOBE NEWSWIRE) -- The Board of Directors of UniFirst Corporation (NYSE:UNF) today declared regular quarterly cash dividends of $0.350 per share (35.0 cents) on the Company's Common Stock and $0.280 per share (28.0 cents) on the Company's Class B Common Stock. Both dividends are payable on June 27, 2025 to shareholders of record on June 6, 2025. UniFirst also announced today that its Board of Directors authorized a new share repurchase program allowing the Company to repur ...

UniFirst (UNF) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.The power of a changing earnings pictu ...

For the quarter ended February 2025, UniFirst (UNF) reported revenue of $602.22 million, up 2% over the same period last year. EPS came in at $1.40, compared to $1.22 in the year-ago quarter.The reported revenue represents a surprise of -0.14% over the Zacks Consensus Estimate of $603.04 million. With the consensus EPS estimate being $1.31, the EPS surprise was +6.87%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expec ...