Unifirst Corp (UNF) Tops Q4 EPS by 13c; Issues Light FY15 EPS Outlook

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UniFirst Announces Financial Results for the Fourth Quarter and Full Year of Fiscal 2015

October 21, 2015 8:01 AM EDT

WILMINGTON, Mass.--(BUSINESS WIRE)-- UniFirst Corporation (NYSE: UNF) today announced results for its fourth quarter and full year ended August 29, 2015. Revenues for the quarter were $359.2 million, up 2.1% from $352.0 million in the year ago period. Net income was $28.9 million ($1.43 per diluted share) unchanged from the fourth quarter of fiscal 2014. The comparison of net income in the quarter was impacted by a lower effective income tax rate of 37.4% compared to 39.4% in the prior year. For the full year, revenues were $1.457 billion, up 4.4% from fiscal 2014. Net income was $124.3 million ($6.15 per diluted share) up 3.6% from $119.9 million ($5.95... More