UniFirst Corp (UNF) Tops Q1 EPS by 10c, Offers Guidance

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Go back to UniFirst Corp (UNF) Tops Q1 EPS by 10c, Offers Guidance

UniFirst Announces Financial Results for the First Quarter of Fiscal 2023

January 4, 2023 8:12 AM EST

WILMINGTON, Mass., Jan. 04, 2023 (GLOBE NEWSWIRE) -- UniFirst Corporation (NYSE: UNF) (the Company, UniFirst or we) today reported results for its first quarter ended November 26, 2022 as compared to the corresponding period in the prior fiscal year:

Q1 2023 Financial Highlights

Consolidated revenues for the first quarter increased 11.4% to $541.8 million.Operating income was $43.4 million, a decrease of 3.1%.The quarterly tax rate increased to 25.2% compared to 24.6% in the prior year.Net income increased to $34.0 million from $33.7 million in the prior year, or 0.7%.Diluted... More