UniFirst Corp (UNF) Reports Mixes Results and Guidance

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Go back to UniFirst Corp (UNF) Reports Mixes Results and Guidance

UniFirst Announces Financial Results for the Second Quarter of Fiscal 2023

March 29, 2023 8:01 AM EDT

WILMINGTON, Mass., March 29, 2023 (GLOBE NEWSWIRE) -- UniFirst Corporation (NYSE: UNF) (the Company, UniFirst or we) today reported results for its second quarter ended February 25, 2023 as compared to the corresponding period in the prior fiscal year:

Q2 2023 Financial Highlights

Consolidated revenues increased 11.5% to $542.7 million.Operating income was $20.7 million, a decrease of 8.4%.The quarterly tax rate increased to 24.6% compared to 19.0% in the prior year.Net income decreased to $17.8... More