UniFirst(UNF) - 2025 Q4 - Annual Results

Unaudited and Pro Forma Estimated Recast of Prior Financial Information This section presents unaudited and pro forma recast financial information for prior periods, including consolidated and segment-specific data Consolidated Financial Data This section presents recast consolidated financial data, including revenue, operating income, and adjusted EBITDA, for Fiscal Year 2024 and the first three quarters of Fiscal Year 2025 Consolidated Revenue This section details the consolidated revenue performance for Fiscal Year 2024 and the first three quarters of Fiscal Year 2025 | Metric | Fiscal 2024 (Year Ended 8/31/2024) ($ thousands) | Fiscal 2024 (Thirteen Weeks Ended 5/25/2024) ($ thousands) | Fiscal 2025 (Thirteen Weeks Ended 5/31/2025) ($ thousands) | | :----------------------- | :------------------------------------------------ | :-------------------------------------------------------- | :-------------------------------------------------------- | | Consolidated Revenues | $2,427,431 | $603,328 | $610,778 | - Consolidated Revenues for the thirteen weeks ended 5/31/2025 increased by approximately 1.23% to $610,778 thousand compared to $603,328 thousand for the thirteen weeks ended 5/25/2024[1] Consolidated Operating Income This section presents the consolidated operating income for Fiscal Year 2024 and the first three quarters of Fiscal Year 2025 | Metric | Fiscal 2024 (Year Ended 8/31/2024) ($ thousands) | Fiscal 2024 (Thirteen Weeks Ended 5/25/2024) ($ thousands) | Fiscal 2025 (Thirteen Weeks Ended 5/31/2025) ($ thousands) | | :------------------------- | :------------------------------------------------ | :-------------------------------------------------------- | :-------------------------------------------------------- | | Consolidated Operating Income | $183,578 | $48,450 | $48,177 | - Consolidated Operating Income for the thirteen weeks ended 5/31/2025 slightly decreased by approximately 0.56% to $48,177 thousand compared to $48,450 thousand for the thirteen weeks ended 5/25/2024[1] Consolidated Adjusted EBITDA Reconciliation This section provides a reconciliation of consolidated Adjusted EBITDA for Fiscal Year 2024 and the first three quarters of Fiscal Year 2025 | Metric | Fiscal 2024 (Year Ended 8/31/2024) ($ thousands) | Fiscal 2024 (Thirteen Weeks Ended 5/25/2024) ($ thousands) | Fiscal 2025 (Thirteen Weeks Ended 5/31/2025) ($ thousands) | | :-------------------------- | :------------------------------------------------ | :-------------------------------------------------------- | :-------------------------------------------------------- | | Net Income | $145,474 | $38,057 | $39,680 | | Provision for income taxes | $43,905 | $11,277 | $13,715 | | Interest income, net | $(7,242) | $(1,406) | $(2,514) | | Depreciation and amortization | $141,432 | $34,560 | $34,722 | | Share-based compensation expense | $9,773 | $2,303 | $3,015 | | Consolidated Adjusted EBITDA | $333,342 | $84,791 | $85,826 | - Consolidated Adjusted EBITDA for the thirteen weeks ended 5/31/2025 increased by approximately 1.22% to $85,826 thousand compared to $84,791 thousand for the thirteen weeks ended 5/25/2024[1] Segment-Specific Adjusted EBITDA Reconciliation This section details the Adjusted EBITDA reconciliation for each of the company's operating segments, highlighting their individual contributions and performance trends Uniform & Facility Service Solutions Adjusted EBITDA This section details the Adjusted EBITDA for the Uniform & Facility Service Solutions segment | Metric | Fiscal 2024 (Year Ended 8/31/2024) ($ thousands) | Fiscal 2024 (Thirteen Weeks Ended 5/25/2024) ($ thousands) | Fiscal 2025 (Thirteen Weeks Ended 5/31/2025) ($ thousands) | | :----------------------------------- | :------------------------------------------------ | :-------------------------------------------------------- | :-------------------------------------------------------- | | Net Income | $174,828 | $44,262 | $48,461 | | Depreciation and amortization | $134,831 | $32,965 | $32,990 | | Share-based compensation expense | $9,193 | $2,177 | $2,858 | | Total Adjusted EBITDA | $311,610 | $77,998 | $79,003 | - Adjusted EBITDA for Uniform & Facility Service Solutions for the thirteen weeks ended 5/31/2025 increased by approximately 1.29% to $79,003 thousand compared to $77,998 thousand for the thirteen weeks ended 5/25/2024[1] First Aid & Safety Solutions Adjusted EBITDA This section details the Adjusted EBITDA for the First Aid & Safety Solutions segment | Metric | Fiscal 2024 (Year Ended 8/31/2024) ($ thousands) | Fiscal 2024 (Thirteen Weeks Ended 5/25/2024) ($ thousands) | Fiscal 2025 (Thirteen Weeks Ended 5/31/2025) ($ thousands) | | :-------------------------------- | :------------------------------------------------ | :-------------------------------------------------------- | :-------------------------------------------------------- | | Net Income | $(1,832) | $148 | $525 | | Depreciation and amortization | $3,443 | $809 | $975 | | Share-based compensation expense | $99 | $25 | $30 | | Total Adjusted EBITDA | $1,710 | $982 | $1,530 | - Adjusted EBITDA for First Aid & Safety Solutions for the thirteen weeks ended 5/31/2025 significantly increased by approximately 55.80% to $1,530 thousand compared to $982 thousand for the thirteen weeks ended 5/25/2024[1] Other Segment Adjusted EBITDA This section details the Adjusted EBITDA for the Other operating segment | Metric | Fiscal 2024 (Year Ended 8/31/2024) ($ thousands) | Fiscal 2024 (Thirteen Weeks Ended 5/25/2024) ($ thousands) | Fiscal 2025 (Thirteen Weeks Ended 5/31/2025) ($ thousands) | | :-------------------------------- | :------------------------------------------------ | :-------------------------------------------------------- | :-------------------------------------------------------- | | Net Income | $16,383 | $4,924 | $4,409 | | Depreciation and amortization | $3,158 | $786 | $757 | | Share-based compensation expense | $481 | $101 | $127 | | Total Adjusted EBITDA | $20,022 | $5,811 | $5,293 | - Adjusted EBITDA for the Other segment for the thirteen weeks ended 5/31/2025 decreased by approximately 8.91% to $5,293 thousand compared to $5,811 thousand for the thirteen weeks ended 5/25/2024[1] Unallocated Adjustments This section clarifies that 'Unallocated Adjustments' represent corporate and other items not included within reportable segments, which net to zero in consolidation - Unallocated Adjustments represent corporate and other items not included within the reportable segments and net to zero in consolidation[1]