UniFirst Corp (UNF) Misses Q4 EPS by 16c, Revenue Beats, Offers Guidance
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Unifirst Announces Financial Results for the Fourth Quarter and Full Fiscal Year of Fiscal 2023
October 18, 2023 8:00 AM EDTWILMINGTON, Mass., Oct. 18, 2023 (GLOBE NEWSWIRE) -- UniFirst Corporation (NYSE: UNF) (the Company, UniFirst or we) today reported results for its fourth quarter and full year ended August 26, 2023, as compared to the corresponding periods in the prior fiscal year:
Q4 2023 Financial Highlights
Consolidated revenues for the fourth quarter increased 10.7% to $571.9 million.Operating income was $36.1 million, an increase of 8.5%.The quarterly tax rate increased to 24.3% compared to 21.3% in the prior year.Net income increased to $27.6 million, or 5.5%.Diluted earnings per share... More