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 |
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
SCHEDULE 13G - UNIFIRST CORP (0000717954) (Subject)
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DEFA14A - UNIFIRST CORP (0000717954) (Filer)
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8-K - UNIFIRST CORP (0000717954) (Filer)
8-K - UNIFIRST CORP (0000717954) (Filer)
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
WILMINGTON, Mass., Jan. 30, 2025 /PRNewswire/ -- UniFirst Corporation ( :UNF), a North American leader in providing customized business uniform programs, facility service products and first aid and safety services, has announced a $28-million expansion of its Owensboro, Kentucky Distribution and Fulfillment Center. The project includes a 110,000-square-foot addition to the 360,000-square-foot facility, advanced robotics technology, and a streamlined ordering system designed to support growth and boost operational capacity. "Our investment in our Owensboro facility is a strateg
WILMINGTON, Mass., Jan. 22, 2025 /PRNewswire/ -- UniFirst Corporation (NYSE:UNF), a North American leader in providing customized business uniform programs, facility service products and first aid and safety services, has published its FY 2024 Environmental, Social, and Governance (ESG) Report. The Report provides a detailed overview of UniFirst's ongoing journey in critical areas of environmental, social, and governance initiatives and reinforces the Company's dedication to supporting its employee Team Partners, as well as the customers and the communities it serves every day
WILMINGTON, Mass., Jan. 14, 2025 (GLOBE NEWSWIRE) -- The Board of Directors of UniFirst Corporation (NYSE:UNF) today declared regular 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 March 28, 2025 to shareholders of record on March 7, 2025. 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
WILMINGTON, Mass., Jan. 08, 2025 (GLOBE NEWSWIRE) -- UniFirst Corporation (NYSE:UNF) (the "Company," "UniFirst" or "we") today reported results for its first quarter ended November 30, 2024 as compared to the corresponding period in the prior fiscal year: Q1 2025 Financial Highlights Consolidated revenues for the first quarter increased 1.9% to $604.9 million.Operating income was $55.5 million, an increase of 4.5%.The quarterly tax rate increased to 25.6% compared to 23.4% in the prior year.Net income increased to $43.1 million from $42.3 million in the prior year, or 1.8%.Diluted earnings per share increased to $2.31 from $2.26 in the prior year, or 2.2%.Adjusted EBITDA increased to $94
WILMINGTON, Mass., Jan. 07, 2025 (GLOBE NEWSWIRE) -- UniFirst Corporation (NYSE:UNF) ("UniFirst" or the "Company") today confirmed that in November and December 2024, its Board of Directors received and unanimously rejected an unsolicited, non-binding and highly conditional proposal from Cintas Corporation to acquire all outstanding common and Class B shares of UniFirst for $275.00 per share. Consistent with its fiduciary duties and in consultation with its independent advisors, the Board conducted a careful review of the unsolicited proposal and determined that it is not in the best interests of UniFirst, its shareholders and other stakeholders. In making its determination, the Board con
Proposal represents 46% premium to UniFirst's 90-day average price as of January 6, 2025 Combination would accelerate benefits to customers, employee-partners and shareholders from ongoing technology investments Cintas Corporation (NASDAQ:CTAS) today announced that it submitted a proposal to the Board of Directors of UniFirst Corporation (NYSE:UNF) to acquire all outstanding common and class B shares of UniFirst for $275.00 per share (the "Proposal") in cash. The Proposal implies a total value for UniFirst of approximately $5.3 billion and offers UniFirst shareholders a 46% premium to UniFirst's ninety-day average closing price as of January 6, 2025. The Proposal was initially deliver
WILMINGTON, Mass., Dec. 10, 2024 (GLOBE NEWSWIRE) -- UniFirst Corporation (NYSE:UNF) will report its Fiscal 2025 first quarter results on January 8, 2025 before the market opens. The Company will also hold a conference call at 9:00 a.m. Eastern Time on January 8, 2025 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., Dec. 2, 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, has unveiled a striking new paint scheme for the UniFirst No. 9 Chevrolet Camaro ZL1. This new design, created in partnership with 14-time NASCAR Cup Series champions Hendrick Motorsports, is set for the 2025 season. Driven by 2020 Cup Series Champion Chase Elliott, the all-new UniFirst No. 9 Chevrolet will compete in five races next year. The vibrant design compl
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
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WILMINGTON, Mass., Jan. 14, 2025 (GLOBE NEWSWIRE) -- The Board of Directors of UniFirst Corporation (NYSE:UNF) today declared regular 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 March 28, 2025 to shareholders of record on March 7, 2025. 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
WILMINGTON, Mass., Jan. 08, 2025 (GLOBE NEWSWIRE) -- UniFirst Corporation (NYSE:UNF) (the "Company," "UniFirst" or "we") today reported results for its first quarter ended November 30, 2024 as compared to the corresponding period in the prior fiscal year: Q1 2025 Financial Highlights Consolidated revenues for the first quarter increased 1.9% to $604.9 million.Operating income was $55.5 million, an increase of 4.5%.The quarterly tax rate increased to 25.6% compared to 23.4% in the prior year.Net income increased to $43.1 million from $42.3 million in the prior year, or 1.8%.Diluted earnings per share increased to $2.31 from $2.26 in the prior year, or 2.2%.Adjusted EBITDA increased to $94
WILMINGTON, Mass., Dec. 10, 2024 (GLOBE NEWSWIRE) -- UniFirst Corporation (NYSE:UNF) will report its Fiscal 2025 first quarter results on January 8, 2025 before the market opens. The Company will also hold a conference call at 9:00 a.m. Eastern Time on January 8, 2025 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., 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
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