Core Insights - UniFirst Corporation is a leading provider of workplace uniforms and facility service products, competing with companies like Cintas Corporation and Aramark [1] Financial Performance - On January 7, 2026, UniFirst reported earnings per share (EPS) of $1.98, missing the estimated $2.05, but exceeded revenue expectations with $621.3 million compared to the estimated $614.7 million, marking a 2.7% increase from the previous year [2] - The company's operating margin decreased to 7.3% from 9.2% in the prior year due to planned investments in growth and digital transformation initiatives [3] - Net income for the quarter was $34.4 million, down from $43.1 million the previous year, and diluted earnings per share fell to $1.89 from $2.31 [3] Valuation Metrics - UniFirst has a price-to-earnings (P/E) ratio of approximately 25.63, indicating the market's valuation of its earnings [4] - The price-to-sales ratio is about 1.50, suggesting how much investors are willing to pay per dollar of sales [4] - The enterprise value to sales ratio is around 1.48, reflecting the company's total valuation relative to its sales [4] Financial Stability - The company maintains a low debt-to-equity ratio of 0.036, demonstrating minimal debt compared to its equity [5] - The current ratio is approximately 3.31, indicating strong liquidity and the ability to cover short-term liabilities [5] - These metrics highlight UniFirst's financial stability and potential for future growth [5]

WILMINGTON, Mass., Dec. 22, 2025 (GLOBE NEWSWIRE) -- UniFirst Corporation (the “Company” or “UniFirst”) (NYSE: UNF) today confirmed it received an unsolicited, non-binding proposal from Cintas Corporation (“Cintas”) (NASDAQ: CTAS) to acquire all the outstanding UniFirst common and Class B shares for $275.00 per share in cash on December 12, 2025. Upon receipt of Cintas’ proposal, the UniFirst Board of Directors, engaged independent financial and legal advisors. Consistent with its fiduciary duties and in co ...

WILMINGTON, Mass., Dec. 15, 2025 (GLOBE NEWSWIRE) -- UniFirst Corporation (the “Company” or “UniFirst”) (NYSE: UNF), a North American leader in providing customized business uniform programs, facility service products and first aid and safety services, today announced that the preliminary vote count from the Company’s proxy solicitor indicates that the Company’s nominees, Steven S. Sintros and Joseph M. Nowicki, were re-elected to the UniFirst Board of Directors (the “Board”) at the Company’s Annual Meeting ...

Group 1: Nike's Leadership Restructuring - Nike has restructured its senior leadership team as part of its "Win Now" strategy to enhance execution and reduce management layers [2][3] - Venkatesh Alagirisamy has been promoted to COO, overseeing supply chain, operations, manufacturing, sustainability, and technology, with the CTO role being removed from the CEO's reporting line [3] - The restructuring includes the exit of two EVPs, Craig Williams and Muge Dogan, with the CCO role being eliminated entirely [3][4] - Nike's four regional heads will now report directly to CEO Elliott Hill, and sales will report to CFO Matt Friend, aiming for tighter integration of operations and technology [4] Group 2: Burberry's Executive Appointments - Burberry has appointed Matteo Calonaci as chief operating and supply chain officer and Johnattan Leon as chief customer officer [5][6] - Calonaci will oversee supply chain, planning, strategy, transformation, and data analytics, succeeding Klaus Bierbrauer [6] - Leon will lead customer engagement, service, and retail excellence teams, transitioning from his role as senior vice president of commercial [7][8] Group 3: Versace's Creative Director Change - Following the Prada Group's acquisition of Versace, Dario Vitale, the creative director, is stepping down after eight months in the role [9] - Until a new creative director is appointed, the design team will report directly to Versace CEO Emmanuel Gintzburger [9]

Financial Data and Key Metrics Changes - Reported revenue for Q4 2025 was $712 million, or approximately $660 million when normalized, reflecting a decline of $24 million, or 3.5% year-over-year compared to Q4 2024 [13][14] - Adjusted EBITDA for Q4 was $65 million, representing an adjusted margin of 9.1%, down from 11.8% in the same quarter last year [16][20] - Full-year effective tax rate for 2025 was 9.2%, with an expectation of 25-30% for 2026 [15][16] Business Line Data and Key Metrics Changes - Rental revenue decreased by $18 million, while direct sales revenue fell by $5 million, contributing to the overall revenue decline [13][14] - Business retention as measured in revenue dollars was 91.8% at the end of Q4, essentially flat compared to the previous quarter [14] Market Data and Key Metrics Changes - The normalized revenue impact from churn or lost business was approximately $60 million compared to the same quarter in the prior year [14] - The company experienced a negative foreign currency impact of $1 million [13] Company Strategy and Development Direction - The company has initiated a multi-year business transformation plan focusing on commercial excellence, operational excellence, and asset and network optimization [4][7][18] - The transformation plan aims to generate run-rate operating cost savings of at least $75 million by the end of 2026 [18][19] - The company is committed to improving customer relationships and service quality while optimizing its product mix to enhance long-term margins [6][10][24] Management's Comments on Operating Environment and Future Outlook - Management acknowledged challenges in customer service and revenue quality, emphasizing the need for a disciplined approach to pricing and customer retention [4][5][6] - The company expects revenue for fiscal 2026 to be flat to down 2% compared to normalized fiscal 2025 revenue, with adjusted EBITDA projected between $285 million and $315 million [19][20] - Management expressed optimism about the transformation plan and its potential to unlock operating leverage and deliver consistent, profitable growth [10][25] Other Important Information - The company generated $31 million in operating cash flow and $16 million in free cash flow during the quarter, reflecting improvements in working capital efficiency [17] - Net debt at the end of the fiscal quarter was $1.34 billion, with no debt maturities until 2028 [17][18] Q&A Session Summary Question: What is the current state of company culture and the team in place for the transformation? - Management acknowledged that employee engagement levels are not at their highest due to recent challenges but emphasized the importance of a strong vision and leadership to guide the transformation [28][30] Question: How does the company plan to optimize its network and logistics? - Management stated that the focus is on optimizing plant operations first before making decisions on network consolidation, ensuring that plants operate effectively to support customer needs [37][60] Question: What are the assumptions behind the fiscal 2026 free cash flow guidance? - The guidance includes estimates for interest, cash taxes, and restructuring charges, with capital expenditures expected to be in line with the previous year [46][47] Question: How does the company plan to implement its new pricing strategy? - The new pricing strategy will align costs to serve with pricing decisions, focusing on improving service quality and leveraging existing customer relationships for growth [71][87]

Core Points - UniFirst Corporation has declared increased quarterly cash dividends of $0.365 per share for Common Stock and $0.292 per share for Class B Common Stock, payable on January 2, 2026 [1] Company Overview - UniFirst Corporation is a North American leader in supplying and servicing uniform and workwear programs, facility service products, and first aid and safety supplies [2] - The company operates five ISO-9001-certified manufacturing facilities and manages specialized garment programs for the cleanroom and nuclear industries [2] - With over 270 service locations and more than 300,000 customer locations, UniFirst outfits over 2 million workers daily [2]

Core Viewpoint - UniFirst Corporation is set to report its Fiscal 2025 fourth quarter results on October 22, 2025, and will hold a conference call to discuss financial results and outlook [1]. Group 1: Financial Reporting - The company will announce its fourth quarter results before the market opens on October 22, 2025 [1]. - A conference call is scheduled for 9:00 a.m. Eastern Time on the same day to discuss quarterly financial results and business highlights [1]. Group 2: Company Overview - UniFirst Corporation is a North American leader in uniform and workwear supply, facility service products, and safety supplies [3]. - The company operates five ISO-9001-certified manufacturing facilities and manages specialized garment programs for cleanroom and nuclear industries [3]. - With over 270 service locations and more than 300,000 customer locations, UniFirst outfits over 2 million workers daily [3].

Core Insights - UniFirst Corporation has been recognized for 22 consecutive years on Selling Power's list of the "60 Best Companies to Sell For in 2025," highlighting its strong sales culture and commitment to customer service [1][4]. Company Overview - UniFirst is a North American leader in providing customized business uniform programs, facility service products, and first aid and safety services [1][6]. - The company serves over two million uniform wearers across North America, including more than half of the Fortune 500 companies [4]. Sales Culture - The company's sales culture is built on its Founding Core Values: Customer Focus, Commitment to Quality, and Respect for Others [3]. - UniFirst empowers its sales teams to understand customers' businesses deeply, enabling them to develop innovative strategies that address unique challenges [3][4]. Recognition and Evaluation - Selling Power evaluates companies based on their supportive and collaborative sales culture, with a focus on professionalism, trust, and empowerment [4]. - The recognition reflects UniFirst's long-term success in sales and customer engagement [4]. Recruitment and Growth - UniFirst is actively recruiting talented individuals to join its award-winning sales team, indicating ongoing growth and expansion [5].

Core Financial Highlights - UniFirst Corporation reported consolidated revenues of $610.8 million for Q3 2025, an increase of 1.2% compared to $603.3 million in Q3 2024 [7] - Operating income decreased slightly by 0.6% to $48.2 million, while net income increased by 4.3% to $39.7 million from $38.1 million in the prior year [7][13] - Diluted earnings per share rose to $2.13, up 4.9% from $2.03 in the previous year [7][13] Key Initiatives and Costs - The company incurred approximately $1.0 million in costs related to its Key Initiatives in Q3 2025, compared to $3.9 million in Q3 2024 [3][18] - These costs negatively impacted the operating and Adjusted EBITDA margins of Core Laundry Operations by 0.2% and 0.7%, respectively, for both fiscal years [3][18] Segment Performance - Core Laundry Operations generated revenues of $533.2 million, reflecting a 0.9% increase, while the Adjusted EBITDA margin remained unchanged at 13.5% [8][17] - Specialty Garments and First Aid segments also showed revenue growth of 0.5% and 9.1%, respectively, contributing to the overall revenue increase [17] Financial Outlook - The company maintains its annual revenue guidance between $2.422 billion and $2.432 billion, while raising its diluted earnings per share guidance to a range of $7.60 to $8.00 [5] - The updated guidance reflects an assumption that Key Initiative costs will be approximately $7.5 million for fiscal 2025, revised from previous estimates [5] Balance Sheet and Cash Flow - As of May 31, 2025, cash, cash equivalents, and short-term investments totaled $211.9 million, up from $161.6 million at the end of the previous fiscal year [9][15] - Cash flows from operating activities for the first nine months of fiscal 2025 were $196.5 million, indicating strong operational performance [9][22]

Core Insights - UniFirst Corporation will participate in the Baird 2025 Global Consumer, Technology & Services Conference on June 4, 2025, with a presentation scheduled for 9:40am Eastern Time [1] - The presentation will cover business highlights and recent trends affecting UniFirst [1] Company Overview - UniFirst Corporation is a North American leader in uniform and workwear supply and servicing, as well as facility service products and first aid supplies [2] - The company operates five ISO-9001-certified manufacturing facilities and manages specialized garment programs for cleanroom and nuclear industries [2] - UniFirst has over 270 service locations, serves more than 300,000 customer locations, and employs over 16,000 Team Partners, outfitting over 2 million workers daily [2]