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Stock impact report

UniFirst Announces Financial Results for the Second Quarter of Fiscal 2024 [Yahoo! Finance]

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: Yahoo! Finance
for its second quarter ended February 24, 2024 as compared to the corresponding period in the prior fiscal year: Q2 2024 Financial Highlights Consolidated revenues for the second quarter increased 8.8% to $590.7 million. Operating income was $27.9 million, an increase of 34.9%. The quarterly tax rate increased to 26.2% compared to 24.6% in the prior year. Net income increased to $20.5 million from $17.8 million in the prior year, or 14.9%. Diluted earnings per share increased to $1.09 from $0.95 in the prior year, or 14.7%. EBITDA increased to $62.5 million compared to $50.5 million in the prior year, or 23.8%. The Company's financial results for the second quarter of fiscal 2024 and 2023 included approximately $3.2 million and $9.1 million, respectively, of costs directly attributable to its customer relationship management (“CRM”) computer system, enterprise resource planning (“ERP”) system and branding initiatives (the “Key Initiatives”). In addition, the Company in Show less Read more
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