UniFirst Corporation UNF will release its first-quarter financial results, before the opening bell, on Wednesday, Jan. 8, 2025.
UniFirst Corporation UNF will release its first-quarter financial results, before the opening bell, on Tuesday, Jan. 7, 2025.
I downgraded UniFirst Corp. from buy to hold due to disappointing FY25 growth and margin outlook, despite a decent 4Q24 performance. Core Laundry segment growth decelerated for the seventh consecutive quarter, with management guiding only 1.3%-2.3% y/y growth for FY25. Pricing and volume headwinds, including negative add-stops and high inflation, are expected to impact growth and margins significantly.
UniFirst Corporation (NYSE:UNF ) Q4 2024 Earnings Conference Call October 23, 2024 9:00 AM ET Company Participants Steven Sintros - President & Chief Executive Officer Shane O'Connor - Executive Vice President & Chief Financial Officer Conference Call Participants Ronan Kennedy - Barclays Kartik Mehta - Northcoast Research Luke McFadden - William Blair Josh Chan - UBS Andrew Steinerman - JPMorgan Andrew Wittmann - Baird Operator Good day, and thank you for standing by. Welcome to the Fourth Quarter 2024 UniFirst Earnings Conference Call.
The headline numbers for UniFirst (UNF) give insight into how the company performed in the quarter ended August 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
UniFirst (UNF) came out with quarterly earnings of $2.46 per share, beating the Zacks Consensus Estimate of $2.05 per share. This compares to earnings of $1.75 per share a year ago.
Shares of UniFirst Corp (UNF, Financial) surged 3.06% in mid-day trading on Oct 2. The stock reached an intraday high of $200.00, before settling at $199.49, up from its previous close of $193.57.
I retain my buy rating for UNF stock, as I expect margin to continue expanding as the business scales and controls costs. UNF reported 4.1% organic revenue growth, with strong margin expansion and positive Core Laundry segment performance. Revised growth expectations downward due to mixed topline outlook, but increased margin expectations.
UniFirst NYSE: UNF is a quality business with savvy management working hard to improve shareholder value. The efforts include upgrading technology to the latest in enterprise resource planning (ERP) and customer relationship management (CRM) software, helping drive margin.
UniFirst's (UNF) third-quarter fiscal 2024 results benefit from higher revenues from the Core Laundry Operations segment.
While the top- and bottom-line numbers for UniFirst (UNF) give a sense of how the business performed in the quarter ended May 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
UniFirst (UNF) came out with quarterly earnings of $2.19 per share, beating the Zacks Consensus Estimate of $1.88 per share. This compares to earnings of $1.29 per share a year ago.