UNIFIRST ANNOUNCES FINANCIAL RESULTS FOR THE SECOND QUARTER OF FISCAL 2020

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Go back to UNIFIRST ANNOUNCES FINANCIAL RESULTS FOR THE SECOND QUARTER OF FISCAL 2020

UniFirst Corp (UNF) Tops Q2 EPS by 17c, Revenues Beat

April 1, 2020 8:03 AM EDT

UniFirst Corp (NYSE: UNF) reported Q2 EPS of $1.82, $0.17 better than the analyst estimate of $1.65. Revenue for the quarter came in at $464.6 million versus the consensus estimate of $457.48 million.

Q2 2020 Financial Highlights

Consolidated revenues for the second quarter increased 6.2% to $464.6 million.Operating income was $44.1 million, a decrease of 29.3%.The effective tax rate for the quarter decreased to 24.2% from 24.9%.Net income in the quarter decreased to $34.7 million from $47.6 million, or 27.2%.Diluted earnings per share decreased to $1.82 from $2.48, or 26.6%.

Operating income in the second quarter of fiscal 2019 benefited... More