UniFirst Q1 2021 Earnings Report

UniFirst's first quarter results were announced, revealing a decrease in consolidated revenues and operating income compared to the corresponding period in the prior fiscal year.

Key Takeaways

UniFirst Corporation reported a decrease in consolidated revenues by 4.0% to $446.9 million for the first quarter. Operating income decreased by 6.7% to $56.0 million, and net income decreased by 13.2% to $41.9 million. Diluted earnings per share decreased to $2.20 from $2.52.

Consolidated revenues decreased by 4.0% to $446.9 million.

Operating income decreased by 6.7% to $56.0 million.

Net income decreased by 13.2% to $41.9 million.

Diluted earnings per share decreased to $2.20 from $2.52.