UniFirst Corp Reports 4% Decline In Q1 Bottom Line

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

The company said its bottom line totaled $35.89 million, or $1.78 per share. This was lower than $37.41 million, or $1.85 per share, in last year's first quarter.

Analysts had expected the company to earn $1.65 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 0.8% to $373.38 million. This was up from $370.36 million last year.

UniFirst Corp earnings at a glance:

-Earnings (Q1): $35.89 Mln. vs. $37.41 Mln. last year. -Earnings Decline (Y-o-Y): -4.1% -EPS (Q1): $1.78 vs. $1.85 last year. -EPS Decline (Y-o-Y): -3.8% -Analysts Estimate: $1.65 -Revenue (Q1): $373.38 Mln vs. $370.36 Mln last year. -Revenue Change (Y-o-Y): 0.8%

-Guidance: Full year EPS guidance: $5.60 - $5.80 Full year revenue guidance: $1.460 - $1.475 Bln