Financial Data and Key Metrics Changes - Consolidated revenues for Q1 2022 were $486.2 million, an increase of 8.8% from $446.9 million in the prior year [12] - Consolidated operating income decreased to $44.8 million from $56 million, a decline of 20.1% [12] - Net income for the quarter decreased to $33.7 million or $1.77 per diluted share from $41.9 million or $2.20 per diluted share [12] - Adjusted operating income was $50.7 million, and adjusted net income was $38.1 million, with adjusted diluted earnings per share at $2 [12] Business Line Data and Key Metrics Changes - Core Laundry Operations revenue was $428.8 million, up 9.1% from the first quarter of 2021 [14] - Core Laundry organic growth was 8.6%, driven by customer re-openings and improved retention [14] - Core Laundry operating margin decreased to 8.5% from 12.4% in the prior year, with adjusted operating margin at 9.9% [15] - Specialty Garment segment revenues increased to $39.5 million, up 3.5%, with operating margin rising to 21.9% from 18.8% [16] - First Aid segment revenues increased to $17.8 million, up 14.8%, but reported an operating loss of $0.3 million due to expansion investments [17] Market Data and Key Metrics Changes - Energy costs increased to 4.3% of revenues in Q1 2022, up from 3.6% in the prior year [16] - The company maintained a solid balance sheet with cash and short-term investments totaling $478.1 million at the end of Q1 2022 [17] Company Strategy and Development Direction - The company is focused on strategic initiatives including a new CRM system, brand investments, and a corporate-wide ERP system [6] - Acquisitions are part of the growth strategy, with two small acquisitions closed in December expected to add approximately $10 million to fiscal 2022 revenues [10][20] - The long-term objective is to be recognized as the best service provider in the industry [7] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating ongoing challenges while focusing on employee and customer care [10] - The company expects full-year revenues for fiscal 2022 to be between $1.94 billion and $1.955 billion, with diluted earnings per share guidance between $5.50 and $5.80 [20] - Management noted that the Omicron variant could cause some disruption but did not factor it into revenue guidance adjustments [39][40] Other Important Information - Capital expenditures for the quarter totaled $31.1 million, focusing on facility updates and automation systems [19] - The company repurchased 22,750 common shares for a total of $4.8 million under its stock repurchase program [19] Q&A Session Summary Question: Impact of Omicron on hiring and operations - Management acknowledged potential disruptions due to Omicron but noted minimal impact observed in December [24] Question: Clarification on EPS guidance adjustments - Adjusted EPS guidance was lowered by $0.25, reflecting the same adjustments made to GAAP EPS [28] Question: Factors leading to decreased guidance - Management cited various cost challenges, including labor and merchandise costs, as contributing factors to the guidance decrease [29] Question: Details on recent acquisitions - Two small acquisitions were discussed, one in Ohio and one in Los Angeles, aimed at expanding service areas and density [33] Question: Labor environment trends - Management indicated that while staffing has improved, turnover remains higher than historical levels, making the labor environment challenging [42]

(Mark One) ☒ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Fiscal Year Ended August 28, 2021 ☐ 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) UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K 68 Jonspin Road Wilmington, Massachusetts 01887 (Address of Principal Executive Offices)(Z ...

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 ...