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Aug 28, 2021
UniFirst Q4 2021 Earnings Report
UniFirst reported an increase in revenue and earnings for the fourth quarter of fiscal year 2021.
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.
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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