Overview

* UniFirst ( UNF ) fiscal Q3 revenue rises 1.2% but missed analyst expectations, per LSEG data

* Net income for fiscal Q3 increased 4.3% to $39.7 mln

* Co repurchased $13.6 mln of shares during the quarter

Outlook

* Company maintains annual revenue guidance of $2.422 bln to $2.432 bln

* UniFirst ( UNF ) raises diluted EPS guidance to $7.60-$8.00

* Company notes fiscal 2025 has one less week of operations

Result Drivers

* REVENUE MISS - Revenue rose 1.2% to $610.8 million, missing analyst expectations of $614.5 million, attributed to sluggish organic growth of 1.1% in core laundry operations

* KEY INITIATIVES COSTS - CRM and ERP projects reduced operating income and adjusted EBITDA by $1.0 million, impacting margins

* GAIN ON SALE - Net income benefited from a $2.8 million gain on the sale of a non-operating property

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Miss $610.78 $614.50

Revenue mln mln (3

Analysts

)

Q3 EPS $2.13

Q3 Net $39.68

Income mln

Q3 $48.18

Operatin mln

g Income

Q3 $53.40

Pretax mln

Profit

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)