UniFirst Corp (UNF) Tops Q3 EPS by 29c, Offers Guidance

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Go back to UniFirst Corp (UNF) Tops Q3 EPS by 29c, Offers Guidance

UniFirst Announces Financial Results for the Third Quarter of Fiscal 2018

June 27, 2018 8:00 AM EDT

WILMINGON, Mass., June 27, 2018 (GLOBE NEWSWIRE) -- UniFirst Corporation (NYSE: UNF) today announced results for its third quarter which ended May 26, 2018.  Revenues for the quarter were $427.4 million, up 4.3% from $409.8 million in the comparable prior year period.

Operating income for the quarter was $47.1 million compared to $38.8 million in the third quarter of fiscal 2017.  The Companys operating income in the prior year period included $5.4 million of stock compensation expense related to the accelerated vesting of restricted stock for its former Chief Executive Officer, Ronald Croatti.  Excluding the effect of the accelerated vesting, operating... More