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UniFirst's Fiscal Q3 Earnings, Revenue Increase; Fiscal 2024 EPS Guidance Lifted
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UniFirst's Fiscal Q3 Earnings, Revenue Increase; Fiscal 2024 EPS Guidance Lifted
Jun 26, 2024 5:56 AM

08:39 AM EDT, 06/26/2024 (MT Newswires) -- UniFirst ( UNF ) reported fiscal Q3 earnings Wednesday of $2.03 per diluted share, up from $1.29 a year earlier.

Four analysts polled by Capital IQ expected $1.70.

Revenue for the quarter ended May 25 was $603.3 million, up from $576.7 million a year earlier.

Four analysts surveyed by Capital IQ expected $601.3 million.

The company said it now expects fiscal 2024 earnings of $7.17 to $7.49 per diluted share. That compares with its prior guidance of between $6.80 and $7.16. Four analysts polled by Capital IQ expect $6.92.

Revenue for the fiscal year is still expected in the range of $2.42 billion to $2.43 billion. Four analysts surveyed by Capital IQ expect $2.42 billion.

Shares of the company were up more than 5% in recent Wednesday premarket activity.

Price: 163.00, Change: +8.53, Percent Change: +5.52

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