UniFirst Corp Reports 7% Retreat In Q3 Bottom Line

(RTTNews) - UniFirst Corp (UNF) reported earnings for third quarter that declined compared to the same period last year.

The company said its bottom line dropped to $30.14 million, or $1.49 per share. This was lower than $32.50 million, or $1.61 per share, in last year's third quarter.

Analysts had expected the company to earn $1.34 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 0.6% to $367.80 million. This was up from $365.57 million last year.

UniFirst Corp earnings at a glance:

-Earnings (Q3): $30.14 Mln. vs. $32.50 Mln. last year. -Earnings Decline (Y-o-Y): -7.3% -EPS (Q3): $1.49 vs. $1.61 last year. -EPS Decline (Y-o-Y): -7.5% -Analysts Estimate: $1.34 -Revenue (Q3): $367.80 Mln vs. $365.57 Mln last year. -Revenue Change (Y-o-Y): 0.6%

-Guidance: Full year EPS guidance: $5.45 - $6.65 Full year revenue guidance: $1.460 - $1.470 Bln