Unifirst Corp (UNF) Tops Q2 EPS by 11c; Trims FY16 Outlook
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UnifFirst Announces Financial Results for the Second Quarter of Fiscal 2016
March 30, 2016 8:02 AM EDTWILMINGTON, Mass., March 30, 2016 (GLOBE NEWSWIRE) -- UniFirst Corporation (NYSE: UNF) today announced results for its second quarter ended February 27, 2016. Revenues for the quarter were $363.1 million, up 0.5% from $361.5 million in the year ago period. Net income was $23.5 million ($1.16 per diluted share), down 7.7% from $25.4 million ($1.26 per diluted share) in the second quarter of fiscal 2015. As a reminder, the results in the second quarter of fiscal 2015 included a $3.6 million charge to selling and administrative expenses to increase the Companys environmental contingency reserves. Excluding the effect of this item, net income for the second quarter a year ago would... More
