UniFirst Corp (UNF) Misses Q2 EPS by 39c, Updates Guidance

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Go back to UniFirst Corp (UNF) Misses Q2 EPS by 39c, Updates Guidance

UniFirst Announces Financial Results For the Second Quarter of Fiscal 2022

March 30, 2022 8:00 AM EDT

WILMINGTON, Mass., March 30, 2022 (GLOBE NEWSWIRE) -- UniFirst Corporation (NYSE: UNF) (the Company, UniFirst or we) today reported results for its second quarter ended February 26, 2022 as compared to the corresponding period in the prior fiscal year:

Q2 2022 Financial Highlights

Consolidated revenues for the second quarter increased 8.2% to $486.7 million.Operating income was $22.6 million, a decrease of 44.4%.The quarterly tax rate decreased to 19.0% compared to 22.7% in the prior year.Net income decreased to $18.5 million, or 43.4%.Diluted earnings per share decreased to $0.97 from $1.71 in the... More