UniFirst Corporation to Recognize Impairment of Investment in CRM System
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., Sept. 21, 2017 (GLOBE NEWSWIRE) -- UniFirst Corporation (NYSE:UNF) today announced that it expects to recognize an impairment of capitalized costs as part of its ongoing CRM systems project. The Company expects the non-cash charge related to this impairment will be between $50 million and $60 million and recognized in its results for the fourth quarter ended August 26, 2017. The after tax impact of this charge is expected to be between $31 million and $37 million. As the Company has previously disclosed, it has been working on a CRM systems project to modernize and improve its current capabilities. The Company has worked with a well-regarded third-party contractor to develop the custom-built applications and interfaces. This project experienced repeated delays due primarily to significant quality issues with the stability and performance of the underlying code. Based on the Company’s analysis of the project together with input from outside consultants, includ
Show less
Read more
Impact Snapshot
Event Time:
UNF
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
UNF alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
UNF alerts
High impacting Unifirst Corporation news events
Weekly update
A roundup of the hottest topics
UNF
News
- Chamber names several Diamond Award winners [Yahoo! Finance]Yahoo! Finance
- UniFirst's New ERP, And M&A Improved Dividend Growth Expectations [Seeking Alpha]Seeking Alpha
- UniFirst: Stronger Revenue Growth But Still Lacks Margin Of Safety [Seeking Alpha]Seeking Alpha
- UniFirst completes rooftop solar panel projects to advance Companywide conservation and sustainability goals [Yahoo! Finance]Yahoo! Finance
- UniFirst completes rooftop solar panel projects to advance Companywide conservation and sustainability goalsPR Newswire
UNF
Earnings
- 3/27/24 - Miss
UNF
Sec Filings
- 4/4/24 - Form 10-Q
- 3/27/24 - Form 8-K
- 2/14/24 - Form 4
- UNF's page on the SEC website