UniFirst Corp (UNF) Tops Q1 EPS by 26c, Beats on Revenues; Offers FY18 EPS Mid-Point Outlook Below Consensus

UniFirst Corp (NYSE: UNF) reported Q1 EPS of $1.67, $0.26 better than the analyst estimate of $1.41. Revenue for the quarter came in at $415.8 million versus the consensus estimate of $404.56 million.

Outlook

Mr. Sintros continued, “At this time, we expect that our fiscal 2018 revenues will be between $1.630 billion and $1.650 billion and full year diluted earnings per share will be between $5.10 and $5.30. This outlook includes the $0.07 per share impact of the adoption of ASU 2016-9 in our first quarter. Our outlook does not include any further tax benefits related to the adoption of this ASU for the remainder of the fiscal year. In addition, while we expect our future results to substantially benefit from the recent U.S. tax reform, our earnings per share guidancealso does not reflect this impact as our analysis is preliminary.”

GUIDANCE:

UniFirst Corp sees FY2018 EPS of $5.10-$5.30, versus the consensus of $5.27. UniFirst Corp sees FY2018 revenue of $1.63-1.65 billion, versus the consensus of $1.64 billion.

For earnings history and earnings-related data on UniFirst Corp (UNF) click here.

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