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Update: UniFirst's Fiscal Q2 Income, Revenue Rise; Fiscal 2024 Outlook Adjusted; Shares Rise
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Update: UniFirst's Fiscal Q2 Income, Revenue Rise; Fiscal 2024 Outlook Adjusted; Shares Rise
Mar 27, 2024 10:53 AM

01:42 PM EDT, 03/27/2024 (MT Newswires) -- (Updates with share price movement in the headline and first paragraph)

UniFirst ( UNF ) shares were up more than 2% in recent trading on Wednesday after the company reported fiscal Q2 income earlier in the day of $1.09 per diluted share, up from $0.95 a year earlier.

Four analysts polled by Capital IQ expected $1.23.

Revenue for the quarter ended Feb. 24 was $590.7 million, up from $542.7 million a year earlier.

Four analysts surveyed by Capital IQ expected $587.8 million.

For fiscal 2024, the company said it now expects diluted EPS in the range of $6.80 to $7.16, compared with its prior outlook of $6.52 to $7.16. Four analysts polled by Capital IQ expect $6.90.

Revenue for the fiscal year is now expected in the range of $2.42 billion to $2.43 billion, compared with its previous range of $2.42 billion to $2.44 billion. Four analysts surveyed by Capital IQ expect $2.42 billion.

Price: 170.94, Change: +3.79, Percent Change: +2.26

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