Compared to Estimates, UniFirst (UNF) Q3 Earnings: A Look at Key Metrics

Core Insights - UniFirst reported revenue of $603.33 million for the quarter ended May 2024, marking a year-over-year increase of 4.6% and exceeding the Zacks Consensus Estimate by 0.39% [1] - The earnings per share (EPS) for the same period was $2.19, compared to $1.29 a year ago, representing a surprise of 16.49% over the consensus EPS estimate of $1.88 [1] Revenue Breakdown - Core Laundry Operations generated $528.45 million, surpassing the average estimate of $524.53 million, with a year-over-year change of 5.3% [3] - First Aid revenues were reported at $27.29 million, slightly below the estimated $27.49 million, reflecting a year-over-year increase of 6.9% [3] - Specialty Garments revenues totaled $47.58 million, falling short of the $48.96 million estimate, with a year-over-year decline of 3.7% [3] Operational Performance - Income from operations in Specialty Garments was $11.37 million, exceeding the average estimate of $10.93 million [3] - Income from operations in Core Laundry Operations was reported at $36.93 million, above the estimated $34.22 million [3] Stock Performance - Over the past month, UniFirst shares have returned -4.8%, contrasting with the Zacks S&P 500 composite's increase of 3.2% [4] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [4]