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Aug 29, 2020
UniFirst Q4 2020 Earnings Report
UniFirst reported a decrease in revenue and earnings for the fourth quarter of fiscal year 2020, impacted by COVID-19.
Key Takeaways
UniFirst Corporation reported a decrease in consolidated revenues by 10.6% to $428.6 million for the fourth quarter of fiscal 2020. Operating income decreased by 30.8% to $40.8 million, and net income decreased to $31.6 million. Diluted earnings per share decreased to $1.66 from $2.40.
Consolidated revenues for the quarter decreased 10.6% to $428.6 million.
Excluding the impact of the extra week in fiscal 2019, consolidated revenues decreased 3.5%.
Operating income was $40.8 million, a decrease of 30.8%.
Diluted earnings per share decreased to $1.66 from $2.40, or 30.8%.
Forward Guidance
Due to the continued uncertainty surrounding the COVID-19 pandemic and its impact on our communities, we will only be providing guidance for our fiscal 2021 first quarter at this time. We currently expect our revenues for the first quarter of fiscal 2021 to be between $433.0 million and $443.0 million and diluted earnings per share to be between $1.55 and $1.70.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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