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Stock impact report

UniFirst Announces Financial Results for the Third Quarter of Fiscal 2019

Unifirst Corporation (UNF) 
Last unifirst corporation earnings: 4/1 08:00 am Check Earnings Report
US:NYSE Investor Relations: investors.unifirst.com/investor-overview
Company Research Source: GlobeNewswire
WILMINGTON, Mass., June 26, 2019 (GLOBE NEWSWIRE) -- UniFirst Corporation (NYSE: UNF) (the “Company”) today reported results for its third fiscal quarter ended May 25, 2019 as compared to the corresponding period in last fiscal year: Q3 2019 Financial Highlights Consolidated revenues for the quarter increased 6.2% to $453.7 million.Operating income was $60.2 million, an increase of 27.9%.The effective tax rate for the quarter decreased to 23.5% from 23.9%.Net income in the quarter increased to $47.2 million from $36.4 million, or 29.9%.Diluted earnings per share was $2.46 and increased 33.0%. Steven Sintros, UniFirst President and Chief Executive Officer, said, “We are pleased with our third quarter results as our performance exceeded our expectations.  A solid selling environment and improved pricing allowed us to deliver record quarterly revenues off improved organic growth.  In addition, moderating costs as a percent of revenues as well as certain items that trended favorabl Show less Read more
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