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UniFirst Net Declines 21%

Author: Mukesh Buch
Last Update: 2:02 AM ET January 04 2017

12:00 PM New York – UniFirst first-quarter net declined 21% to $28.2 million but revenues jumped 3.4% from a year ago to $386.1 million.

Tollbooth Index increased 80.40 or 0.7% to 11,220.98.

Earnings Review

UniFirst Corp (UNF), the workplace uniforms provider said revenues in the first-quarter ending on November 26 jumped 3.4% from a year ago to $386.1 million.

Net income in the quarter declined 21.4% to $28.2 million or $1.38 per diluted share compared to $35.9 million or $1.78 per share in the same quarter last year.

“At this time, we continue to expect revenues in fiscal 2017 between $1.55 billion and $1.57 billion and diluted earnings per share between $4.85 and $5,” said president and chief executive officer Ronald D. Croatti.

However, earlier the uniforms provider forecasted diluted earnings per share in the full-year in the range of $5 to $5.15.
Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc