Baird Downgrades UniFirst Corp (UNF) to Neutral

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Go back to Baird Downgrades UniFirst Corp (UNF) to Neutral

UniFirst Announces Financial Results for the Third Quarter of Fiscal 2016

June 29, 2016 8:01 AM EDT

WILMINGTON, Mass., June 29, 2016 (GLOBE NEWSWIRE) -- UniFirst Corporation (NYSE: UNF) today announced results for its third quarter ended May 28, 2016. Revenues for the quarter were $367.8 million, up 0.6% from $365.6 million in the same year ago period.  Net income was $30.1 million ($1.49 per diluted share), down 7.2% from $32.5 million ($1.61 per diluted share) in the third quarter of fiscal 2015.

Ronald D. Croatti, UniFirst President and Chief Executive Officer said, Our growth during the third quarter continued to be negatively impacted by the loss of uniform wearers and customers in energy dependent markets... More