UniFirst Corp Profit Declines 21% In Q1

(RTTNews) - UniFirst Corp (UNF) announced earnings for first quarter that fell from last year.

The company said its bottom line totaled $28.2 million, or $1.38 per share. This was down from $35.9 million, or $1.78 per share, in last year's first quarter.

Analysts had expected the company to earn $1.57 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 3.4% to $386.11 million. This was up from $373.38 million last year.

UniFirst Corp earnings at a glance:

-Earnings (Q1): $28.2 Mln. vs. $35.9 Mln. last year. -Earnings Decline (Y-o-Y): -21.4% -EPS (Q1): $1.38 vs. $1.78 last year. -EPS Decline (Y-o-Y): -22.5% -Analysts Estimate: $1.57 -Revenue (Q1): $386.11 Mln vs. $373.38 Mln last year. -Revenue Change (Y-o-Y): 3.4%

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