UniFirst Corp (UNF) Misses Q2 EPS by 34c, Offers Guidance

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Go back to UniFirst Corp (UNF) Misses Q2 EPS by 34c, Offers Guidance

UniFirst Announces Financial Results for the Second Quarter of Fiscal 2024

March 27, 2024 8:01 AM EDT

WILMINGTON, Mass., March 27, 2024 (GLOBE NEWSWIRE) -- UniFirst Corporation (NYSE: UNF) (the Company, UniFirst or we) today reported results for its second quarter ended February 24, 2024 as compared to the corresponding period in the prior fiscal year:

Q2 2024 Financial Highlights

Consolidated revenues for the second quarter increased 8.8% to $590.7 million.Operating income was $27.9 million, an increase of 34.9%.The quarterly tax rate increased to 26.2% compared to 24.6% in the prior year.Net income increased to $20.5 million from $17.8 million in the prior year, or 14.9%.Diluted... More