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UniFirst: Fiscal 1Q Earnings Snapshot

January 3, 2019

WILMINGTON, Mass. (AP) _ UniFirst Corp. (UNF) on Thursday reported fiscal first-quarter profit of $38.3 million.

On a per-share basis, the Wilmington, Massachusetts-based company said it had net income of $1.99. Earnings, adjusted for non-recurring gains, came to $1.88 per share.

The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.92 per share.

The uniform provider posted revenue of $438.6 million in the period.

UniFirst expects full-year earnings in the range of $6.65 to $6.90 per share, with revenue in the range of $1.77 billion to $1.79 billion.

UniFirst shares have fallen 12 percent since the beginning of the year. The stock has fallen 14 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on UNF at https://www.zacks.com/ap/UNF

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