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Feb 27, 2021

UniFirst Q2 2021 Earnings Report

Announced financial results for the second quarter of fiscal 2021.

Key Takeaways

UniFirst Corporation reported a decrease in consolidated revenues for the second quarter by 3.2% to $449.8 million. Operating income decreased by 7.8% to $40.7 million, and net income decreased by 6.0% to $32.6 million, with diluted earnings per share also decreasing by 6.0% to $1.71.

Consolidated revenues decreased 3.2% to $449.8 million.

Operating income decreased 7.8% to $40.7 million.

Net income decreased 6.0% to $32.6 million.

Diluted earnings per share decreased 6.0% to $1.71.

Total Revenue
$450M
Previous year: $465M
-3.2%
EPS
$1.71
Previous year: $1.82
-6.0%
Cash and Equivalents
$510M
Previous year: $395M
+28.9%
Total Assets
$2.28B

UniFirst

UniFirst

UniFirst Revenue by Segment

Forward Guidance

UniFirst expects revenues for fiscal year 2021 to be between $1.793 billion and $1.803 billion and fully diluted earnings per share to be between $7.30 and $7.65.