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Nov 30, 2019
UniFirst Q1 2020 Earnings Report
UniFirst's first quarter of fiscal year 2020 showed solid growth.
Key Takeaways
UniFirst Corporation reported a 6.1% increase in consolidated revenues for the first quarter, reaching $465.4 million. Operating income increased by 19.2% to $60.1 million, and net income rose by 25.9% to $48.2 million. Diluted earnings per share increased by 26.6% to $2.52.
Consolidated revenues increased by 6.1% to $465.4 million.
Operating income increased by 19.2% to $60.1 million.
Net income increased by 25.9% to $48.2 million.
Diluted earnings per share increased by 26.6% to $2.52.
Forward Guidance
UniFirst expects fiscal 2020 revenues to be between $1.860 billion and $1.872 billion and full year diluted earnings per share to be between $7.60 and $7.92.
Challenges Ahead
- Reduced business activity and wearer levels in energy dependent markets
- Guidance does not assume any significant further deterioration in the energy sector or the overall economy.
- Fiscal 2020 will contain one less week compared to fiscal 2019.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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