UniFirst Backs FY24 Outlook; Q1 Results Top Estimates

RTTNews | 485 days ago
Stocktwits
UniFirst Backs FY24 Outlook; Q1 Results Top Estimates

(RTTNews) - While reporting financial results for the first quarter of fiscal 2024 on Wednesday, UniFirst Corp. (UNF) maintained its earnings and revenue guidance for the full-year 2024.

For fiscal 2024, the company continues to project earnings in a range of $6.52 to $7.16 per share on revenues between $2.415 billion and $2.235 billion.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $7.49 per share on revenues of $2.43 billion for the year. Analysts' estimates typically exclude special items.

For the first quarter, the company reported net income of $42.33 million or $2.26 per share, up from $33.96 million or $1.81 per share in the prior-year quarter. Excluding items, adjusted earnings for the quarter were $2.38 per share, compared to $2.21 per share in the year-ago quarter.

Consolidated revenue for the quarter increased 9.5 percent to $593.53 million from $541.80 million in the same quarter last year.

The Street was looking for earnings of $2.18 per share on revenues of $589.64 million for the quarter.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

Tags: UNF
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U.S. Factory Orders Spike Slightly Less Than Expected In March

U.S. Factory Orders Spike Slightly Less Than Expected In March

The Commerce Department released a report on Friday showing a sharp increase by new orders for U.S. manufactured goods in the month of March. The report said factory orders spiked by 4.3 percent in March after rising by a downwardly revised 0.5 percent in February.
RTTNews | 18 minutes ago
U.S. Employment Jumps By 177,000 Jobs In April, Much More Than Expected

U.S. Employment Jumps By 177,000 Jobs In April, Much More Than Expected

Job growth in the U.S. far exceeded economist estimates in the month of April, according to a closely watched report released by the Labor Department on Friday. The Labor Department said non-farm payroll employment shot up by 177,000 jobs in April compared to expectations for an increase of about 130,000 jobs.
RTTNews | 1h 12min ago
Eurozone Inflation Remains Stable At 2.2%

Eurozone Inflation Remains Stable At 2.2%

Euro area annual inflation remained stable in April near the European Central Bank's 2 percent target, but the trade tariff uncertainty clouds the outlook. The harmonized index of consumer prices grew 2.2 percent on a yearly basis in April, the same pace of increase as seen in March, flash data from Eurostat showed on Friday. Prices were expected to climb at a slower pace of 2.1 percent.
RTTNews | 1h 36min ago
Eurozone Manufacturing Activity Shrinks At Slower Pace

Eurozone Manufacturing Activity Shrinks At Slower Pace

Euro area factory activity contracted at a slower pace in April as production grew at the fastest pace in more than three years, final data of the purchasing managers' survey by S&P Global showed Friday. The HCOB manufacturing Purchasing Managers' Index rose to a 32-month high of 49.0 in April from 48.6 in March. The score was also above the flash estimate of 48.7.
RTTNews | 1h 48min ago
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