UniFirst: Fiscal 1Q Earnings Snapshot
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.