Advertisement
UniFirst Backs FY24 Outlook; Q1 Results Top Estimates
(RTTNews) - While reporting financial results for the first quarter of fiscal 2024 on Wednesday, UniFirst Corp. (UNF) maintained its earnings and revenue guidance for the full-year 2024.
For fiscal 2024, the company continues to project earnings in a range of $6.52 to $7.16 per share on revenues between $2.415 billion and $2.235 billion.
On average, analysts polled by Thomson Reuters expect the company to report earnings of $7.49 per share on revenues of $2.43 billion for the year. Analysts' estimates typically exclude special items.
For the first quarter, the company reported net income of $42.33 million or $2.26 per share, up from $33.96 million or $1.81 per share in the prior-year quarter. Excluding items, adjusted earnings for the quarter were $2.38 per share, compared to $2.21 per share in the year-ago quarter.
Consolidated revenue for the quarter increased 9.5 percent to $593.53 million from $541.80 million in the same quarter last year.
The Street was looking for earnings of $2.18 per share on revenues of $589.64 million for the quarter.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com
UniFirst Boosts FY24 EPS Outlook As Q3 Results Top Estimates
UniFirst Boosts FY23 Revenue Outlook; Q3 Adj. EPS Miss Estimates
UniFirst Sees FY23 Adj. EPS Below View; Q4 Results Top Estimates
UniFirst Slashes FY22 Earnings Outlook As Q3 Adj. EPS Misses Estimates
Sensex, Nifty Modestly Higher In Early Trade; Top Banks Decline On Weak Q4 Results
Australian Market Extends Early Losses In Mid-market
Asian Markets Trade Mixed
