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

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

UNIFIRST ANNOUNCES FINANCIAL RESULTS FOR THE SECOND QUARTER OF FISCAL 2020

April 1, 2020 8:01 AM EDT

WILMINGTON, Mass., April 01, 2020 (GLOBE NEWSWIRE) -- UniFirst Corporation (NYSE: UNF) (the Company) today reported results for its second quarter ended February 29, 2020 as compared to the corresponding period in the prior fiscal year:

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... More