UniFirst Corp Reveals 21% Rise In Q1 Profit

(RTTNews) - UniFirst Corp (UNF) revealed a profit for its first quarter that rose from last year.

The company said its bottom line climbed to $34.21 million, or $1.67 per share. This was higher than $28.21 million, or $1.38 per share, in last year's first quarter.

Analysts had expected the company to earn $1.41 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 7.7% to $415.78 million. This was up from $386.11 million last year.

UniFirst Corp earnings at a glance:

-Earnings (Q1): $34.21 Mln. vs. $28.21 Mln. last year. -Earnings Growth (Y-o-Y): 21.3% -EPS (Q1): $1.67 vs. $1.38 last year. -EPS Growth (Y-o-Y): 21.0% -Analysts Estimate: $1.41 -Revenue (Q1): $415.78 Mln vs. $386.11 Mln last year. -Revenue Change (Y-o-Y): 7.7%

-Guidance: Full year EPS guidance: $5.10 - $5.30 Full year revenue guidance: $1.630 - $1.650 Bln