UniFirst Q4 2021 Earnings Report
Key Takeaways
UniFirst Corporation reported an 8.5% increase in consolidated revenues for the fourth quarter, reaching $465.3 million. Operating income increased by 10.1% to $44.9 million, and net income rose by 9.7% to $34.6 million. Diluted earnings per share increased to $1.82 from $1.66, marking a 9.6% increase.
Consolidated revenues for the fourth quarter increased 8.5% to $465.3 million.
Operating income for the fourth quarter increased 10.1% to $44.9 million.
Net income for the fourth quarter increased 9.7% to $34.6 million.
Diluted earnings per share for the fourth quarter increased 9.6% to $1.82.
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UniFirst Revenue by Segment
Forward Guidance
For fiscal 2022, UniFirst expects revenues between $1.920 billion and $1.945 billion and fully diluted earnings per share between $5.70 and $6.10. This guidance includes $38 million of transitionary investment costs directly attributable to key initiatives.