Dividend Increase and Yield - UniFirst raised its quarterly cash dividend from 33 cents to 35 cents per share, resulting in an annual dividend yield of 0.81% or $1.40 per share [1] - To earn $500 monthly from dividends, an investment of approximately $740,578 or 4,286 shares is required [2] - For $100 monthly, an investment of $148,081 or 857 shares is needed [2] Dividend Yield Calculation - Dividend yield is calculated by dividing the annual dividend payment by the stock's current price [6] - Changes in dividend payment or stock price can impact the yield [4][7] Financial Performance and Projections - UniFirst is expected to report Q1 earnings of $2.22 per share, down from $2.37 per share in the year-ago period [5] - The company projects Q1 revenue of $606.95 million, compared to $593.52 million a year earlier [5] Stock Performance - UniFirst shares fell 2.2% to close at $172.79 on Friday [8]

Earnings and Financial Performance - UniFirst Corporation will release its first-quarter financial results on January 7, 2025, before the market opens [1] - Analysts expect the company to report quarterly earnings of $2.22 per share, down from $2.37 per share in the same period last year [4] - The company projects quarterly revenue of $606.95 million, compared to $593.52 million a year earlier [4] Stock Performance and Analyst Ratings - UniFirst shares fell 0.4% to close at $176.61 on Thursday [2] - Baird analyst Andrew Wittmann maintained a Neutral rating and raised the price target from $199 to $200 on October 24, with an accuracy rate of 79% [3] - UBS analyst Joshua Chan maintained a Neutral rating and increased the price target from $186 to $190 on June 27, with an accuracy rate of 62% [3] - JP Morgan analyst Andrew Steinerman maintained an Underweight rating and increased the price target from $170 to $175 on June 27, with an accuracy rate of 77% [3] - Barclays analyst Manav Patnaik maintained an Equal-Weight rating and raised the price target from $160 to $180 on February 29, with an accuracy rate of 76% [3] Dividend and Shareholder Returns - UniFirst raised its quarterly cash dividend from 33 cents to 35 cents per share on October 29 [5]

Group 1 - The core investment thesis for UniFirst Corp. (NYSE: UNF) is based on its potential to expand margins and achieve a higher valuation if it meets performance expectations [1] - The ideal investment is characterized by core business operations in a sector expected to grow structurally at a rate exceeding GDP growth over the next 5-10 years [1] - Sustainable competitive advantages that lead to attractive unit economics are essential for the company's profitability [1] Group 2 - The investment should be managed by competent, ethical, and long-term thinkers to ensure effective decision-making [1] - A fair valuation is a critical component of the investment criteria for UniFirst Corp. [1]

For the quarter ended August 2024, UniFirst (UNF) reported revenue of $639.87 million, up 11.9% over the same period last year. EPS came in at $2.46, compared to $1.75 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $633.79 million, representing a surprise of +0.96%. The company delivered an EPS surprise of +20.00%, with the consensus EPS estimate being $2.05.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street ...

UniFirst (UNF) came out with quarterly earnings of $2.46 per share, beating the Zacks Consensus Estimate of $2.05 per share. This compares to earnings of $1.75 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 20%. A quarter ago, it was expected that this uniform provider would post earnings of $1.88 per share when it actually produced earnings of $2.19, delivering a surprise of 16.49%.Over the last four quarters, the company ha ...

Exhibit 99 Investor Relations Contact Shane O'Connor, Executive Vice President & CFO UniFirst Corporation 978-658-8888 shane_oconnor@unifirst.com UNIFIRST ANNOUNCES FINANCIAL RESULTS FOR THE FOURTH QUARTER AND FULL FISCAL YEAR OF FISCAL 2024 Wilmington, MA – October 23, 2024 – 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 quar ...

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 ...

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 ...

Shares of UniFirst Corp (UNF, Financial) surged 3.06% in mid-day trading on Oct 2. The stock reached an intraday high of $200.00, before settling at $199.49, up from its previous close of $193.57. This places UNF 0.25% below its 52-week high of $200.00 and 33.37% above its 52-week low of $149.58. Trading volume was 55,743 shares, 83.2% of the average daily volume of 67,038. Wall Street Analysts Forecast Based on the one-year price targets offered by 3 analysts, the average target price for UniFirst Corp (UN ...

Core Insights - UniFirst Corporation has appointed Kelly Rooney as Chief Operating Officer (COO), effective September 30, 2024, to enhance operational efficiency and customer service [1][2] - Rooney brings over 25 years of experience in B2B route-based operations, previously serving as Chief Human Resources Officer at Waste Management, a $20 billion public company [2] - Michael Croatti, the current Executive Vice President, will transition from his role in November 2024 after 35 years with the company, but will remain involved in a consulting capacity [3][4] Company Overview - UniFirst Corporation is a North American leader in supplying and servicing uniform and workwear programs, facility service products, and first aid and safety supplies [5] - The company operates over 270 service locations and serves more than 300,000 customer locations, outfitting over 2 million workers daily [5] - UniFirst manufactures its own branded workwear and protective clothing at three ISO-9001-certified manufacturing facilities [5]