UniFirst Corp Earnings Drop 4% In Q2

(RTTNews) - UniFirst Corp (UNF) revealed a profit for second quarter that declined compared to the same period last year.

The company said its profit declined to $22.52 million, or $1.10 per share. This was down from $23.50 million, or $1.16 per share, in last year's second quarter.

Analysts had expected the company to earn $1.01 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 7.8% to $391.43 million. This was up from $363.10 million last year.

UniFirst Corp earnings at a glance:

-Earnings (Q2): $22.52 Mln. vs. $23.50 Mln. last year. -Earnings Decline (Y-o-Y): -4.2% -EPS (Q2): $1.10 vs. $1.16 last year. -EPS Decline (Y-o-Y): -5.2% -Analysts Estimate: $1.01 -Revenue (Q2): $391.43 Mln vs. $363.10 Mln last year. -Revenue Change (Y-o-Y): 7.8%

-Guidance: Full year EPS guidance: $4.85 - $5.00 Full year revenue guidance: $1.550 - $1.565 Bln