Did Unifirst beat or miss consensus estimates last quarter?

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What does Unifirst do and what are its main business segments?

What is Unifirst's latest dividend and current dividend yield?

What were the key takeaways from Unifirst’s earnings call?

What factors drove the changes in Unifirst's revenue and profit?

What is the revenue and EPS growth rate for Unifirst year over year?

What is the market's earnings forecast for Unifirst next quarter?

- **Revenue Growth**: $621.3M (+2.7% YoY), driven by 2.4% organic growth in core services and 15.3% expansion in First Aid segment.
- **Margin Challenges**: Operating income down 18.4% YoY due to $2.3M ERP costs and higher expenses, but reaffirmed full-year guidance.
- **Strategic Investments**: $7M in 2026 for salesforce restructuring, service team expansion, and ERP implementation to drive 2027+ margin improvements.
- **Customer Momentum**: New account wins up YoY, retention improving for second consecutive quarter, offsetting economic headwinds.
- **Dividend & Buybacks**: $31.7M share repurchases in Q1, with focus on organic growth and ERP completion in 2027.

**【CEO Summary Section】**
- Q1 2026 revenue: $621.3 million (+2.7% YoY), driven by 2.4% organic growth in Uniform & Facility Services and 15.3% growth in First Aid & Safety Solutions.
- Operating income declined to $45.3 million (-18.4% YoY) due to $2.3 million in ERP-related costs, higher healthcare claims, and legal expenses.
- Key investments: salesforce restructuring, service team expansion, and ERP implementation to improve operational efficiency and scalability.
- Customer retention improved for the second consecutive quarter, with new account wins exceeding prior year levels.
- First Aid van business growth offset softer employment trends impacting rental accounts.
- Full-year guidance reaffirmed: $2.475B-$2.495B revenue, $6.58-$6.98 EPS, despite $7 million in expected initiative-related costs.

**【CFO Financial Commentary】**
- GAAP net income: $34.4 million (-20% YoY), EPS: $1.89 (-18% YoY), due to higher tax rate (26.9%) and operating margin pressures.
- Uniform & Facility Services segment EBITDA margin: 13.6% (-1.8% YoY), impacted by $2.3 million in initiative costs.
- First Aid & Safety Solutions segment: $30.2 million revenue (+15.3% YoY), operating loss of $0.4 million due to growth investments.
- Free cash flow constrained by working capital needs for large national accounts and timing of tax payments.
- Balance sheet remains strong: $129.5 million cash, no long-term debt.

**【Q&A Highlights】**
- **Growth Timeline**: Mid-single-digit organic growth and high teens EBITDA margins expected by 2028, with inflection points in 2027 from ERP implementation and inventory sharing initiatives.
- **Investment Impact**: 2026 salesforce restructuring and service team expansion costs will moderate in 2027, enabling margin recovery.
- **Economic Risks**: Soft employment climate affecting net wearer levels, but new account growth and product placements offset部分影响.
- **Share Repurchases**: $31.7 million in Q1, with no guidance on future buybacks, focusing on organic growth and ERP investments.

UniFirst Corporation(UNF)-20260107-2026 Q1 Earnings call transcript

- **Revenue growth modest at 1.2% YoY**, driven by new business wins (+solid margin vs. prior year) but offset by pricing challenges and wear levels decline.
- **Gross margin improvement** from lower merchandise costs, but offset by higher healthcare claims.
- **First Aid van business surging +15% QoQ**, targeting 9%+ annual growth through safety service expansion.
- **ERP project on track**, with FY25 costs reduced to $7.5M vs. prior $12M estimate.
- **Tariffs remain fluid**, with vendors signaling future price increases but no material impact yet.
- **Free cash flow up 22% YoY**, supporting $25.6M in share buybacks and $109.8M in capex.

**【CEO Summary Section】**
- Q3 2025 revenue of $610.8M (+1.2% YoY) reflects modest growth amid cautious customer spending and incremental softness in wearer levels.
- Gross margin improvement driven by lower merchandise and production costs, offset by higher healthcare claims and selling/admin expenses.
- Key initiatives: ERP project progressing on track, with $7.5M in FY25 costs vs. prior $12M estimate. First Aid van business grows 15% QoQ, targeting holistic customer penetration.
- Risks: Tariffs remain fluid, with vendors passing through sourcing costs; manufacturing sector customers reducing employment levels.

**【CFO Financial Commentary】**
- Net income $39.7M (+4.2% YoY), EPS $2.13 (+4.8% YoY), driven by cost control and $2.8M gain on property sale.
- Adjusted EBITDA $85.8M (+1.2% YoY), operating margin 7.9% vs. 8.0% prior year.
- Core Laundry segment: $533.2M (+0.9% YoY), adjusted EBITDA margin 13.5% (flat YoY). Specialty Garments $47.8M (+0.5% YoY), First Aid $29.8M (+9% YoY).
- Free cash flow $86.7M (+22% YoY), capital expenditures $109.8M, share buybacks $25.6M.

**【Q&A Key Takeaways】**
1. **Demand Environment**: 
   - Organic growth (+1.1% YoY) driven by new business wins (+solid margin vs. prior year) and improved retention, offset by pricing challenges and wear levels decline.
   - Manufacturing sector customers reducing employment levels, impacting utilization.
2. **Pricing Dynamics**: 
   - Fluid environment with vendors passing through tariff-related costs; no sector-specific impact.
3. **ERP Progress**: 
   - Finance-centric release underway, with $5.7M in advisory/legal costs for strategic matters. Capitalized costs reduce P&L impact, but future training/change management expenses expected.
4. **First Aid Growth**: 
   - Van business +15% QoQ, targeting 9%+ annual growth. Penetrating Laundry customers with safety training, AEDs, etc.
5. **Tariff Impact**: 
   - No material impact yet, but vendors signaling future price increases. Diversified supply chain mitigates risk.
6. **Labor Costs**: 
   - Stable with wage inflation stabilized; no material impact from immigration changes.
7. **Legal Matters**: 
   - $5.7M in costs related to prior Cintas discussions and ongoing legal accrual. No long-term tail expected.


UniFirst Corporation (UNF) Q3 2025 Earnings Call Transcript

- **Revenue Growth**: 1.9% YoY to $602.2 million, with 2.3% organic growth driven by Core Laundry and First Aid segments.
- **Profitability Boost**: Operating income up 11.7% to $31.2 million; adjusted EBITDA +6.3% to $68.9 million.
- **Cash Flow Strength**: Operating cash flow surges 20.2% to $128.3 million.
- **Strategic Expansion**: Owensboro distribution center expansion to enhance direct sales capabilities.
- **Customer Retention**: Notable improvement in retention rates, with NPS scores trending positively.
- **Guidance Update**: Full year EPS raised to $7.30-7.70, reflecting $12 million in key initiative costs.

**【CEO Summary Section】**
- **Revenue Growth**: Q2 2025 revenue of $602.2 million, up 1.9% YoY (2.3% organic), driven by Core Laundry and First Aid segments.
- **Profitability Improvement**: Operating income rose 11.7% to $31.2 million; adjusted EBITDA increased 6.3% to $68.9 million.
- **Strategic Investments**: Expansion of Owensboro distribution center to enhance direct sales; new COO implementing standardized operational processes.
- **Customer Retention**: Notable improvement in customer retention rates vs. Q2 2024, with net wearer declines offsetting top-line growth.
- **Cash Flow Strength**: Operating cash flow up 20.2% YoY to $128.3 million, reflecting improved profitability and working capital management.

**【CFO Financial Commentary】**
- **Core Laundry Performance**: Revenues $530.4 million (+1.5% YoY), operating margin 4.6% (vs. 3.6% prior year), benefiting from lower merchandise costs and cost control.
- **Segment Growth**: Specialty Garments up 2.2% to $44.4 million; First Aid segment revenue $27.5 million (+10.6%), despite ongoing investments in van operations.
- **Full Year Guidance**: Revenue $2.422-2.432 billion; EPS $7.30-7.70, reflecting key initiative costs of $12 million (down from prior estimate).
- **Balance Sheet**: $201 million in cash and short-term investments; no long-term debt.

**【Q&A Key Highlights】**
- **Tariff Impact**: Uncertainty around tariffs not included in guidance; potential short-term impact if implemented.
- **Pricing Environment**: Competitive new account pricing, but successful sales execution maintains growth momentum.
- **Profit Margin Drivers**: Core Laundry margin expansion due to cost control, including lower merchandise and production expenses.
- **Customer Satisfaction**: Improving Net Promoter Scores (NPS) correlate with enhanced service quality and retention.
- **ERP Progress**: Capitalization of ERP-related costs reducing P&L impact; full deployment expected by FY 2027.

UniFirst (UNF)-2 Apr 25-2025 Q2 Earnings call transcript

- **Q1 2025 Financial Highlights**: Revenue up 1.9% to $604.9M, operating income +4.5%, adjusted EBITDA +5.9%, and cash flow up 27.3%.
- **Strategic Focus**: Investments in ERP, strategic pricing, and operational efficiency to achieve mid-single-digit growth and high-teens EBITDA margins.
- **Cintas Offer Rejection**: Board prioritized organic growth and stakeholder value over short-term gains.
- **Key Risks**: Pricing pressure in renewals, moderating inflation, and execution of large account pipeline.
- **2025 Guidance**: $2.425B-$2.440B revenue and $6.79-$7.19 EPS, excluding $16M in initiative costs.

**【CEO Summary Section】**
- Q1 2025 revenue reached $604.9 million, up 1.9% YoY, driven by core laundry operations and new account sales.
- Operating income and adjusted EBITDA increased 4.5% and 5.9% YoY, respectively, due to cost control in merchandise and plant expenses.
- Net cash flow from operations rose 27.3% to $58.1 million, reflecting improved profitability and working capital management.
- The company reaffirmed its long-term goals of mid-single-digit revenue growth and high-teens EBITDA margins, supported by investments in ERP, strategic pricing, and operational efficiency.

**【CFO Financial Commentary】**
- GAAP net income was $43.1 million ($2.31 EPS), up 2.4% YoY, with adjusted EBITDA at $94 million (5.9% YoY growth).
- Core Laundry segment revenue grew 1.7% organically, with operating margin improving to 8.1% from 8.0% YoY.
- Specialty Garments and First Aid segments showed mixed performance, with nuclear operations offsetting cleanroom declines.
- Fiscal 2025 guidance: $2.425-$2.440 billion in revenue and $6.79-$7.19 EPS, excluding $16 million in key initiative costs.

**【Q&A Key Takeaways】**
- **Cintas Offer Decision**: Board rejected Cintas' $275M offer due to execution risks, feedback from major shareholders, and confidence in organic growth opportunities.
- **Pricing Environment**: New account pricing remains competitive, while existing customer renewals face challenges in a moderating inflation environment.
- **Growth Drivers**: Pipeline of large account opportunities, ERP implementation, and strategic investments in First Aid and Safety services.
- **Operational Execution**: Cost control in merchandise and plant expenses offset higher healthcare and legal expenses, supporting margin improvement.
- **2026 Outlook**: Expecting momentum from Q1 performance and investments in technology and customer experience to drive mid-single-digit growth.

Actual											1.82	1.12	1.66	2.2	1.71	2.21	1.82	2	1.24	1.77	1.79	2.21	1.39	1.66	1.75	2.38	1.22	2.19	2.46	2.4	1.4	2.17	1.98
Forecast											1.6525	1.25	1.615	1.6925	1.675	1.835	1.8433	1.9475	1.63	1.8975	1.7323	1.945	1.378	1.7915	1.6297	2.1759	1.4262	1.8639	2.0468	2.205	1.3532	2.0985	2.0617	1.1918
Surprise	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	+10.14%	-10.40%	+2.79%	+29.99%	+2.09%	+20.44%	-1.26%	+2.70%	-23.93%	-6.72%	+3.33%	+13.62%	+0.87%	-7.34%	+7.38%	+9.38%	-14.46%	+17.50%	+20.19%	+8.84%	+3.46%	+3.41%	-3.96%	0.00%

UNF

UNF fundamentals

UNF Q2 2026 Earnings Preview

Earnings Call

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UNF

UNF fundamentals

UNF Q2 2026 Earnings Preview

Earnings Call

UNF Earnings Call Summary for Q2/2026Upcoming9:00 AM on Apr 1, 2026

UNF Earnings Call Summary for Q1/20269:00 AM on Jan 7, 2026

UNF Earnings Call Summary for Q3/20259:00 AM on Jul 2, 2025

UNF Earnings Call Summary for Q2/20259:00 AM on Apr 2, 2025

UNF Earnings Call Summary for Q1/20259:00 AM on Jan 8, 2025

You can ask Aime