UniFirst (UNF) came out with quarterly earnings of $2.40 per share, beating the Zacks Consensus Estimate of $2.27 per share. This compares to earnings of $2.38 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 5.73%. A quarter ago, it was expected that this uniform provider would post earnings of $2.05 per share when it actually produced earnings of $2.46, delivering a surprise of 20%.Over the last four quarters, the company has ...

Financial Performance - Consolidated revenues for Q1 2025 increased by 1.9% to $604.9 million compared to the prior year [6] - Operating income rose by 4.5% to $55.5 million, while net income increased by 1.8% to $43.1 million [6] - Diluted earnings per share grew by 2.2% to $2.31, and Adjusted EBITDA increased by 5.9% to $94.0 million [6] - The quarterly tax rate increased to 25.6% from 23.4% in the prior year [6] Segment Performance - Core Laundry Operations revenues increased by 1.7% to $532.7 million, with organic growth also at 1.7% [7] - Specialty Garments revenues grew by 2.9% to $45.9 million, driven by growth in European and North American nuclear operations [8] - Core Laundry Operations' Adjusted EBITDA margin improved to 14.8% from 14.4%, while Specialty Garments' operating margin decreased to 26.5% from 27.1% [7][8] Key Initiatives Impact - Costs related to CRM and ERP projects (Key Initiatives) totaled $2.5 million in Q1 2025, decreasing Core Laundry Operations' operating and Adjusted EBITDA margins by 0.5% [2][18] - The company expects $16.0 million in costs directly attributable to Key Initiatives for fiscal 2025 [9] Balance Sheet and Cash Flow - Cash, cash equivalents, and short-term investments totaled $181.0 million as of November 30, 2024, with no long-term debt outstanding [8] - Cash flow from operating activities increased by 27.3% to $58.1 million in Q1 2025 [8] - The company repurchased 33,605 shares of Common Stock for $6.4 million during the quarter [8] Financial Outlook - The company expects fiscal 2025 revenues to be between $2.425 billion and $2.440 billion, with diluted earnings per share projected between $6.79 and $7.19 [9] - The outlook assumes a constant Canadian exchange rate of $0.74, despite recent declines in the Canadian dollar's value [9]

Acquisition Proposal - UniFirst Corporation received and unanimously rejected an unsolicited, non-binding acquisition proposal from Cintas Corporation at $275 per share for all outstanding common and Class B shares [1] - The Board determined the proposal was not in the best interests of the company, its shareholders, and stakeholders after considering the offer price, execution risks, business risks, feedback from major shareholders, and future growth opportunities [2] Company Strategy and Confidence - UniFirst's Board and management team remain confident in the company's current strategy and its ability to create significant shareholder value [3] - The company is committed to continuing actions aimed at creating value for all shareholders [3] Company Overview - UniFirst Corporation is a North American leader in uniform and workwear programs, facility service products, and first aid and safety supplies and services [4] - The company manages specialized garment programs for the cleanroom and nuclear industries and manufactures its own branded workwear, protective clothing, and floorcare products [4] - UniFirst operates over 270 service locations, serves more than 300,000 customer locations, and employs over 16,000 Team Partners, outfitting more than 2 million workers daily [4] Financial and Legal Advisors - J P Morgan Securities LLC is serving as UniFirst's financial advisor, and Paul Hastings LLP is serving as legal advisor [3]

Wall Street analysts expect UniFirst (UNF) to post quarterly earnings of $2.27 per share in its upcoming report, which indicates a year-over-year decline of 4.6%. Revenues are expected to be $604.83 million, up 1.9% from the year-ago quarter.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Prior to a company's earnings announcement, it is cruci ...

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 ...