Financial Data and Key Metrics Changes - For fiscal year 2021, the company reported revenues of $1.826 billion, an increase from $1.804 billion in fiscal 2020, indicating a growth despite challenges posed by the COVID-19 pandemic [7] - Full year diluted earnings per share were $7.94, up from $7.13 in fiscal 2020, primarily due to improved performance following the pandemic's impact [8] - Consolidated revenues for Q4 2021 were $465.3 million, an increase of 8.5% from $428.6 million a year ago, with net income rising to $34.6 million or $1.82 per diluted share from $31.6 million or $1.66 [21] Business Line Data and Key Metrics Changes - Core laundry operations revenues for Q4 2021 were $415.1 million, a 7.9% increase from the previous year, with organic growth at 7.2% [23] - Specialty garment segment revenues reached $33.9 million for Q4 2021, a 22.5% increase, driven by improved performance in clean room and nuclear operations [25] - First aid segment revenues decreased slightly to $16.3 million from $16.4 million, reflecting elevated PPE sales in the prior year [27] Market Data and Key Metrics Changes - The effective tax rate for Q4 2021 was 22%, down from 26.6% in the prior year, influenced by discrete events related to employee share-based payments [22] - Energy costs increased to 4.2% of revenues in Q4 2021, up from 3.5% a year ago, indicating rising operational costs [25] Company Strategy and Development Direction - The company is focused on investing in people, infrastructure, and technology to enhance long-term returns and improve competitive positioning [9] - Key initiatives for fiscal 2022 include the rollout of a new CRM system, revitalization of the UniFirst brand, and implementation of a corporate-wide ERP system [10][11][12] - The company aims to achieve organic growth exceeding recent years, driven by customer reopenings and improved retention [13] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the company's ability to navigate ongoing challenges from the pandemic and inflationary pressures, while also highlighting the essential nature of their products [20] - For fiscal 2022, the company anticipates revenues between $1.92 billion and $1.945 billion, with core laundry organic growth projected at approximately 6.1% [33] - Expected fully diluted earnings per share for fiscal 2022 are between $5.70 and $6.10, factoring in $38 million of costs related to key initiatives [34] Other Important Information - The company maintains a solid balance sheet with no long-term debt and cash equivalents totaling $512.9 million at the end of fiscal 2021 [28] - Capital expenditures for fiscal 2021 were $133.6 million, with ongoing investments in facilities and automation systems [29] - The quarterly dividend was increased by 20% to $0.30 per share, reflecting a commitment to returning value to shareholders [18] Q&A Session Summary Question: Guidance on core laundry operating margin - Management acknowledged the goal of returning to double-digit operating margins, citing current challenges from energy, labor costs, and supply chain disruptions [43][45] Question: Labor availability and environment - Management characterized the labor environment as still challenging but marginally improved, attributing some improvements to wage increases and the end of unemployment benefits [47][48] Question: First aid business expansion - Management discussed efforts to build out the first aid business geographically, indicating a presence in most major markets but needing further scale and depth [50][52] Question: Definition of transitory costs - Management clarified that transitory costs primarily relate to the CRM, ERP, and branding initiatives, with costs expected to be present in 2022 and some continuing into 2023 [58][60]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended May 29, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-08504 UNIFIRST CORPORATION (Exact name of Registrant as Specified in Its Charter) Massachusetts 04-2103460 (State or Other Jurisdiction of I ...

UniFirst Corporation (NYSE:UNF) Q3 2021 Earnings Conference Call June 30, 2021 9:00 AM ET Company Participants Steven Sintros - President and Chief Executive Officer Shane O'Connor - Executive Vice President & Chief Financial Officer Conference Call Participants Tim Mulrooney - William Blair Andrew Wittmann - Baird Andrew Steinerman - J.P. Morgan Operator Good morning everyone and greetings. Welcome to the UniFirst Corporation Third Quarter Earnings Call. During the presentation, all participants are in a l ...

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended February 27, 2021 OR UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Exact name of Registrant as Specified in Its Charter) Massachusetts 04-2103460 (State or Other Jurisdiction of Incorporation or Organization) (I.R.S. Employer Identification No.) 68 Jonspin Road, Wilmington, MA 01887 (Address of Principal Executive Offices) (Zip Code) (978) 658-8888 (Re ...

UniFirst Corporation (NYSE:UNF) Q2 2021 Earnings Conference Call March 31, 2021 9:00 AM ET Company Participants Steven Sintros - President and Chief Executive Officer Shane O'Connor - Executive Vice President and Chief Financial Officer Conference Call Participants Andrew Wittmann - R.W. Baird Andrew Steinerman - J.P. Morgan John Cummings - Copeland Capital Operator Greetings and welcome to the UniFirst Corporation Second Quarter Earnings Conference Call. During the presentation, all participants will be in ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended November 28, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-08504 (Exact name of Registrant as Specified in Its Charter) Massachusetts 04-2103460 (State or Other Jurisdiction of Incorporation or ...

UniFirst Corporation (NYSE:UNF) Q1 2021 Earnings Conference Call January 6, 2021 9:00 AM ET Company Participants Steven Sintros - President and Chief Executive Officer Shane O'Connor - Executive Vice President and Chief Financial Officer Conference Call Participants Andrew Steinerman - J.P. Morgan Andrew Wittmann - R.W. Baird Tim Mulrooney - William Blair Operator Greetings and welcome to the UniFirst First Quarter Earnings Call. During the presentation, all participants will be in a listen-only mode. After ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Fiscal Year Ended August 29, 2020 ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission file number 001-08504 UNIFIRST CORPORATION (Exact Name of Registrant as Specified in Its Charter) (State or Other Jurisdiction of Incorporation or Organization) Massachusetts 04-2103460 (I ...

UniFirst Corporation (NYSE:UNF) Q4 2020 Results Earnings Conference Call October 21, 2020 9:00 AM ET Company Participants Steven Sintros - President and CEO Shane O'Connor - Senior Vice President and CFO Conference Call Participants Andrew Wittmann - Baird Tim Mulrooney - William Blair Operator Greetings, everyone. And welcome to the Fourth Quarter Earnings Call. During the presentation, all participants will be in a listen-only mode. Later we will have a question-and-answer session. [Operator Instructions] ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended May 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-08504 UNIFIRST CORPORATION (Exact name of Registrant as Specified in Its Charter) Massachusetts 04-2103460 (State or Other Jurisdiction of I ...