Unifirst Q1 Earnings Call Highlights

In the core Uniform and Facility Service Solutions segment, revenue increased to $565.9 million from $552.8 million. Organic growth, which adjusts for acquisitions and Canadian dollar fluctuations, was 2.4%, driven by “strong new account sales and improved customer retention,” O’Connor said. Sintros added that new customer wins exceeded the prior-year quarter and that retention logged “a second year in a row of quarter-over-quarter improvement.”CFO Shane O’Connor also noted the company’s effective tax rate ...