UniFirst Corporation provides workplace uniforms and protective work wear clothing in the United States, Europe, and Canada. The company operates through U.S. and Canadian Rental and Cleaning, Manufacturing, Specialty Garments Rental and Cleaning, and First Aid segments. It designs, manufactures, personalizes, rents, cleans, delivers, and sells a range of uniforms and protective clothing, including shirts, pants, jackets, coveralls, lab coats, smocks, and aprons; and specialized protective wear, such as flame resistant and high visibility garments. The company also rents and sells industrial wiping products, floor mats, facility service products, and dry and wet mops; restroom and cleaning supplies comprising air fresheners, paper products, gloves, masks, sanitizers, and hand soaps; and other textile products. In addition, it provides first aid cabinet services and other safety supplies; decontaminates and cleans work clothes, and other items that is exposed to radioactive materials; and services special cleanroom protective wear and facilities. Further, it offers a range of garment service options, including full-service rental programs in which garments are cleaned and serviced; lease programs in which garments are cleaned and maintained by individual employees; and purchase programs to buy garments and related items directly. The company serves automobile service centers and dealers, delivery services, food and general merchandise retailers, food processors and service operations, light manufacturers, maintenance facilities, restaurants, service companies, soft and durable goods wholesalers, transportation companies, healthcare providers, government agencies, research and development laboratories, high technology companies, and utilities operating nuclear reactors, as well as others who require employee clothing for image, identification, protection, or utility purposes. UniFirst Corporation was founded in 1936 and is headquartered in Wilmington, Massachusetts.
IPO Year:
Exchange: NYSE
Website: unifirst.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/4/2024 | $185.00 | Outperform → Neutral | Robert W. Baird |
| 10/6/2023 | $160.00 | Equal Weight | Barclays |
| 6/1/2023 | $185.00 | Neutral | UBS |
| 4/1/2022 | $178.00 | Neutral → Underweight | JP Morgan |
| 1/6/2022 | $215.00 → $236.00 | Neutral → Outperform | Baird |
| 1/6/2022 | $215.00 → $236.00 | Neutral → Outperform | Robert W. Baird |
WILMINGTON, Mass., Oct. 29, 2024 (GLOBE NEWSWIRE) -- Wilmington, MA (October 29, 2024) -- The Board of Directors of UniFirst Corporation (NYSE:UNF) today declared increased quarterly cash dividends of $0.350 per share (35.0 cents) on the Company's Common Stock and $0.280 per share (28.0 cents) on the Company's Class B Common Stock. Both dividends are payable on January 3, 2025 to shareholders of record on December 6, 2024. Headquartered in Wilmington, Mass., UniFirst Corporation (NYSE:UNF) is a North American leader in the supply and servicing of uniform and workwear programs, facility service products, as well as first aid and safety supplies and services. Together with its subsidiaries,
WILMINGTON, Mass., Oct. 23, 2024 (GLOBE NEWSWIRE) -- UniFirst Corporation (NYSE:UNF) (the "Company," "UniFirst" or "we") today reported results for its fourth quarter and full year ended August 31, 2024, as compared to the corresponding periods in the prior fiscal year. The fourth quarter as well as the full year included an extra week compared to the prior year. Q4 2024 Financial Highlights Consolidated revenues for the fourth quarter increased 11.9% to $639.9 million.The extra week accounted for revenue growth of approximately 8.0% in the quarter.Operating income was $54.0 million, an increase of 49.8%.The quarterly tax rate decreased to 21.8% compared to 24.3% in the prior year.Net in
WILMINGTON, Mass., Oct. 8, 2024 /PRNewswire/ -- UniFirst Corporation (NYSE:UNF), a North American leader in providing customized business uniform programs, facility service products and first aid and safety services, in partnership with 14-time NASCAR Cup Series champions Hendrick Motorsports, will be at the Charlotte Motor Speedway ROVAL on Sunday, October 13 as Chase Elliott continues his playoff run behind the wheel of the UniFirst No. 9 Chevrolet Camaro ZL1. The race begins at 2 p.m. ET on NBC. Elliott heads into Charlotte in eighth in the playoff standings, 13 markers abo
Celebrates 70 Years of Service in the Central New York Market WILMINGTON, Mass., Oct. 7, 2024 /PRNewswire/ -- UniFirst Corporation (NYSE:UNF), a North American leader in providing customized business uniform programs, facility service products and first aid and safety services, proudly announces the grand opening of its advanced uniform service and processing facility in Liverpool, New York. This investment highlights UniFirst's ongoing commitment to serving the Syracuse market, where it has been a trusted partner for 70 years. Driven by remarkable growth, the newly built 65,0
WILMINGTON, Mass., Oct. 04, 2024 (GLOBE NEWSWIRE) -- UniFirst Corporation (NYSE:UNF) ("UniFirst" or the "Company"), a North American leader in the supply and servicing of uniform and workwear programs, facility service products, and first aid and safety supplies, today issued the following statement related to recent industry activity: UniFirst is regularly in contact with other companies in the industry related to various business matters. Following recent market rumors related to Elis SA ("Elis") and its potential entry into the U.S. market, UniFirst contacted Elis to better understand those rumors and not with the intent of soliciting an offer. Those discussions have ended and, at this
WILMINGTON, Mass., Sept. 24, 2024 /PRNewswire/ -- UniFirst Corporation (NYSE:UNF), a North American leader in providing customized business uniform programs, facility service products and first aid and safety services, in partnership with 14-time NASCAR Cup Series champions Hendrick Motorsports, will be at Kansas Speedway on Sunday, September 29 as Chase Elliott competes in the opening race of the Round of 12 in the playoffs behind the wheel of the UniFirst No. 9 Chevrolet Camaro ZL1. The race begins at 3 p.m. ET on USA Network. Elliott heads to Kansas seventh in the playoff s
WILMINGTON, Mass., Sept. 19, 2024 (GLOBE NEWSWIRE) -- UniFirst Corporation (NYSE:UNF), a North American leader in the supply and servicing of uniform and workwear programs, facility service products, and first aid and safety supplies, is pleased to announce the appointment of Kelly Rooney as Chief Operating Officer (COO), effective September 30, 2024. Rooney has extensive knowledge and experience in large-scale B2B route-based operations. Over her twenty-five plus year career, she has held operational and leadership roles of increasing responsibility. Her most recent position was as the Chief Human Resources Officer at Waste Management, a $20 billion public company. Rooney is returning to
WILMINGTON, Mass., Sept. 18, 2024 (GLOBE NEWSWIRE) -- UniFirst Corporation (NYSE:UNF) will report its Fiscal 2024 fourth quarter results on October 23, 2024 before the market opens. The Company will also hold a conference call at 9:00 a.m. Eastern Time on October 23, 2024 to discuss its quarterly financial results, business highlights and outlook. In addition, the Company may answer one or more questions concerning business and financial developments and trends, the Company's view on earnings forecasts and other business and financial matters affecting the Company, some of the responses to which may contain information that has not been previously disclosed. A simultaneous live webcast of
New facility designed to enhance uniform services across Southwestern Ontario WILMINGTON, Mass., Sept. 9, 2024 /PRNewswire/ -- UniFirst Corporation (NYSE:UNF), a North American leader in providing customized business uniform programs, facility service products and first aid and safety services, announced the grand opening of its latest state-of-the-art uniform service and processing facility in London, Ontario. The facility, located at 2365 Innovation Drive, London, Ontario, marks a significant investment in the region and underscores UniFirst's commitment to supporting businesses across London, Guelph, Cambridge, Kitchener, Chatham, Windsor, and surrounding areas with enhanced service capab
WILMINGTON, Mass., Aug. 27, 2024 /PRNewswire/ -- UniFirst Corporation (NYSE:UNF), a North American leader in providing customized business uniform programs, facility service products and first aid and safety services, proudly announces the 2024 recipients of the Aldo Croatti and Ronald D. Croatti Scholarships. Since the scholarships' inception, UniFirst has awarded nearly one million dollars in financial support to deserving students and employees, underscoring the company's commitment to education and professional growth. Each year, 12 Aldo Croatti Scholarships are granted to
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WILMINGTON, Mass., Sept. 19, 2024 (GLOBE NEWSWIRE) -- UniFirst Corporation (NYSE:UNF), a North American leader in the supply and servicing of uniform and workwear programs, facility service products, and first aid and safety supplies, is pleased to announce the appointment of Kelly Rooney as Chief Operating Officer (COO), effective September 30, 2024. Rooney has extensive knowledge and experience in large-scale B2B route-based operations. Over her twenty-five plus year career, she has held operational and leadership roles of increasing responsibility. Her most recent position was as the Chief Human Resources Officer at Waste Management, a $20 billion public company. Rooney is returning to
WILMINGTON, Mass., July 12, 2024 /PRNewswire/ -- UniFirst Corporation (NYSE:UNF), a North American leader in providing customized business uniform programs, facility service products and first aid and safety services, is proud to be recognized on Selling Power's "Best Companies to Sell For" list for the 21st consecutive year. The list features 60 companies that lead the charge in true selling power. "We're proud to be included on Selling Power's list, which further validates our world-class sales organization and people who always deliver solutions that meet the unique needs o
WILMINGTON, Mass., Jan. 12, 2021 (GLOBE NEWSWIRE) -- The Board of Directors of UniFirst Corporation (NYSE:UNF) today declared regular quarterly cash dividends of $0.25 per share (25.0 cents) on the Company's Common Stock and $0.20 per share (20.0 cents) on the Company's Class B Common Stock. Both dividends are payable on March 30, 2021, to shareholders of record on March 9, 2021. Headquartered in Wilmington, Mass., UniFirst Corporation (NYSE: UNF) is a North American leader in the supply and servicing of uniform and workwear programs, as well as the delivery of facility service programs. Together with its subsidiaries, the company also provides first aid and safety products, and manages
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WILMINGTON, Mass., Oct. 29, 2024 (GLOBE NEWSWIRE) -- Wilmington, MA (October 29, 2024) -- The Board of Directors of UniFirst Corporation (NYSE:UNF) today declared increased quarterly cash dividends of $0.350 per share (35.0 cents) on the Company's Common Stock and $0.280 per share (28.0 cents) on the Company's Class B Common Stock. Both dividends are payable on January 3, 2025 to shareholders of record on December 6, 2024. Headquartered in Wilmington, Mass., UniFirst Corporation (NYSE:UNF) is a North American leader in the supply and servicing of uniform and workwear programs, facility service products, as well as first aid and safety supplies and services. Together with its subsidiaries,
WILMINGTON, Mass., Oct. 23, 2024 (GLOBE NEWSWIRE) -- UniFirst Corporation (NYSE:UNF) (the "Company," "UniFirst" or "we") today reported results for its fourth quarter and full year ended August 31, 2024, as compared to the corresponding periods in the prior fiscal year. The fourth quarter as well as the full year included an extra week compared to the prior year. Q4 2024 Financial Highlights Consolidated revenues for the fourth quarter increased 11.9% to $639.9 million.The extra week accounted for revenue growth of approximately 8.0% in the quarter.Operating income was $54.0 million, an increase of 49.8%.The quarterly tax rate decreased to 21.8% compared to 24.3% in the prior year.Net in
WILMINGTON, Mass., Sept. 18, 2024 (GLOBE NEWSWIRE) -- UniFirst Corporation (NYSE:UNF) will report its Fiscal 2024 fourth quarter results on October 23, 2024 before the market opens. The Company will also hold a conference call at 9:00 a.m. Eastern Time on October 23, 2024 to discuss its quarterly financial results, business highlights and outlook. In addition, the Company may answer one or more questions concerning business and financial developments and trends, the Company's view on earnings forecasts and other business and financial matters affecting the Company, some of the responses to which may contain information that has not been previously disclosed. A simultaneous live webcast of
WILMINGTON, Mass., July 11, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of UniFirst Corporation (NYSE:UNF) today declared regular quarterly cash dividends of $0.330 per share (33.0 cents) on the Company's Common Stock and $0.264 per share (26.4 cents) on the Company's Class B Common Stock. Both dividends are payable on September 27, 2024 to shareholders of record on September 6, 2024. Headquartered in Wilmington, Mass., UniFirst Corporation (NYSE:UNF) is a North American leader in the supply and servicing of uniform and workwear programs, facility service products, as well as first aid and safety supplies and services. Together with its subsidiaries, the Company also manages special
WILMINGTON, Mass., June 26, 2024 (GLOBE NEWSWIRE) -- UniFirst Corporation (NYSE:UNF) (the "Company," "UniFirst" or "we") today reported results for its third quarter ended May 25, 2024 as compared to the corresponding period in the prior fiscal year: Q3 2024 Financial Highlights Consolidated revenues for the third quarter increased 4.6% to $603.3 million.Operating income was $48.5 million, an increase of 45.1%.The quarterly tax rate decreased to 22.9% compared to 27.2% in the prior year.Net income increased to $38.1 million from $24.3 million in the prior year, or 56.8%.Diluted earnings per share increased to $2.03 from $1.29 in the prior year, or 57.4%.EBITDA increased to $82.5 million
WILMINGTON, Mass., June 04, 2024 (GLOBE NEWSWIRE) -- UniFirst Corporation (NYSE:UNF) will report its Fiscal 2024 third quarter results on June 26, 2024 before the market opens. The Company will also hold a conference call at 9:00 a.m. Eastern Time on June 26, 2024 to discuss its quarterly financial results, business highlights and outlook. In addition, the Company may answer one or more questions concerning business and financial developments and trends, the Company's view on earnings forecasts and other business and financial matters affecting the Company, some of the responses to which may contain information that has not been previously disclosed. A simultaneous live webcast of the cal
WILMINGTON, Mass., April 11, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of UniFirst Corporation (NYSE:UNF) today declared regular quarterly cash dividends of $0.330 per share (33.0 cents) on the Company's Common Stock and $0.264 per share (26.4 cents) on the Company's Class B Common Stock. Both dividends are payable on June 28, 2024 to shareholders of record on June 7, 2024. Headquartered in Wilmington, Mass., UniFirst Corporation (NYSE:UNF) is a North American leader in the supply and servicing of uniform and workwear programs, facility service products, as well as first aid and safety supplies and services. Together with its subsidiaries, the Company also manages specialized garmen
WILMINGTON, Mass., March 27, 2024 (GLOBE NEWSWIRE) -- UniFirst Corporation (NYSE:UNF) (the "Company," "UniFirst" or "we") today reported results 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
WILMINGTON, Mass., March 08, 2024 (GLOBE NEWSWIRE) -- UniFirst Corporation (NYSE:UNF) will report its Fiscal 2024 second quarter results on March 27, 2024 before the market opens. The Company will also hold a conference call at 9:00 a.m. Eastern Time on March 27, 2024 to discuss its quarterly financial results, business highlights and outlook. In addition, the Company may answer one or more questions concerning business and financial developments and trends, the Company's view on earnings forecasts and other business and financial matters affecting the Company, some of the responses to which may contain information that has not been previously disclosed. A simultaneous live webcast of the
WILMINGTON, Mass., Jan. 08, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of UniFirst Corporation (NYSE:UNF) today declared regular quarterly cash dividends of $0.330 per share (33.0 cents) on the Company's Common Stock and $0.264 per share (26.4 cents) on the Company's Class B Common Stock. Both dividends are payable on March 29, 2024 to shareholders of record on March 8, 2024. Headquartered in Wilmington, Mass., UniFirst Corporation (NYSE:UNF) is a North American leader in the supply and servicing of uniform and workwear programs, facility service products, as well as first aid and safety supplies and services. Together with its subsidiaries, the Company also manages specialized garme
Robert W. Baird downgraded UniFirst from Outperform to Neutral and set a new price target of $185.00
Barclays initiated coverage of UniFirst with a rating of Equal Weight and set a new price target of $160.00
UBS initiated coverage of UniFirst with a rating of Neutral and set a new price target of $185.00
JP Morgan downgraded UniFirst from Neutral to Underweight and set a new price target of $178.00
Baird upgraded UniFirst from Neutral to Outperform and set a new price target of $236.00 from $215.00 previously
Robert W. Baird upgraded UniFirst from Neutral to Outperform and set a new price target of $236.00 from $215.00 previously
Baird downgraded UniFirst from Outperform to Neutral and set a new price target of $248.00 from $240.00 previously
Robert W. Baird downgraded UniFirst from Outperform to Neutral and set a new price target of $248.00 from $240.00 previously
UBS analyst Joshua Chan maintains UniFirst (NYSE:UNF) with a Neutral and raises the price target from $186 to $190.
JP Morgan analyst Andrew Steinerman maintains UniFirst (NYSE:UNF) with a Underweight and raises the price target from $170 to $175.
Baird analyst Andrew Wittmann maintains UniFirst (NYSE:UNF) with a Neutral and raises the price target from $185 to $199.
Unifirst Corporation (NYSE:UNF) shares are trading higher after the company reported better-than-expected third quarter financial results. Quarterly sales of $603.33 million beat the analyst consensus of $601.29 million. Unifirst registered first quarter operating income of $48.5 million, an increase of 45.1% year over year. The company clocked diluted earnings per share of $2.03, up 57.4% year over year. On an adjusted basis, Unifirst clocked earnings per share of $2.19, beating the street view of $1.86. Adjusted EPS excludes approximately $3.9 million in costs directly attributable to its customer relationship management computer system and enterprise resource planning project.
The outlook for fiscal 2024 includes one extra week of operations compared to fiscal 2023 due to the timing of our fiscal quarter, and assumes: Core Laundry Operations' organic growth at the midpoint of the range of 4.5%. Core Laundry Operations' operating and EBITDA margins at the midpoint of the range of 6.6% and 12.7%, respectively. An estimate of $12.0 million of costs directly attributable to our Key Initiatives that will be expensed in fiscal 2024 and will decrease both the Core Laundry Operations' operating and EBITDA margins by 0.6%. An effective tax rate of 24.5%. No impact from any future share buybacks or unexpected significantly adverse economic developments.
UniFirst (NYSE:UNF) reported quarterly sales of $603.33 million which beat the analyst consensus estimate of $601.29 million by 0.34 percent. This is a 4.62 percent increase over sales of $576.67 million the same period last year.
UBS analyst Joshua Chan maintains UniFirst (NYSE:UNF) with a Neutral and raises the price target from $184 to $186.
U.S. stocks traded higher this morning, with the Dow Jones gaining over 200 points on Wednesday. Following the market opening Wednesday, the Dow traded up 0.58% to 39,511.62 while the NASDAQ rose 0.60% to 16,412.89. The S&P 500 also rose, gaining, 0.58% to 5,233.65. Check This Out: Top 3 Energy Stocks That May Keep You Up At Night In Q1 Leading and Lagging Sectors Real estate shares jumped by 1.1% on Wednesday. In trading on Wednesday, consumer discretionary shares rose by just 0.3%. Top Headline UniFirst Corporation (NYSE:UNF) reported weaker-than-expected second-quarter earnings. UniFirst posted quarterly earnings of $1.09 per share, missing market estimates of $1.23
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