Recap: UniFirst Q3 Earnings

Shares of UniFirst UNF were unchanged after the company reported Q3 results.

Quarterly Results

Earnings per share increased 97.32% year over year to $2.21, which beat the estimate of $1.83.

Revenue of $464,323,000 up by 4.22% from the same period last year, which beat the estimate of $454,370,000.

Outlook

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

Conference Call Details

Date: Jun 30, 2021

Time: 09:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/ottmepq7

Technicals

Company's 52-week high was at $258.86

Company's 52-week low was at $160.70

Price action over last quarter: Up 7.42%

Company Overview

UniFirst Corp provides workplace uniforms, protective clothing, and other workplace products and services to businesses in the United States, Canada, and Europe. The U.S. and Canadian Rental and Cleaning segment that accounts for the majority of the company engages in sales rents and sells clothing and non-garment items, and offers a cleaning service that delivers clean uniforms when it picks up dirty or contaminated ones. Manufacturing segment designs and manufactures uniforms and non-garment items. Specialty garments rental and cleaning segment provides specialty garments, non-garments, and cleaning services for nuclear and classroom applications. The First Aid segment provides safety supplies and pill packaging. The Corporate segment consists of various associated costs.