UniFirst Q1 Earning Up, Cautious On Outlook; Yet Back FY15

(RTTNews) - UniFirst Corp. (UNF) Wednesday announced 8.6 percent increase in first quarter net income to $37.41 million from $34.42 million last year. Earnings per share was up at $1.85, in comparison with $1.71 a year ago. On average, 7 analysts polled by Thomson Reuters were looking for $1.67 per share on revenue of $364.57 million.

Revenue for the quarter climbed 6.8 percent to $370.36 million from $346.70 million in the prior year.

Looking ahead to fiscal 2015, the company backed its earnings per share of $5.75 to $6.00 per share and revenue in a range of $1.450 billion to $1.470 billion. Analysts expects $6.02 per share on revenue of $1.46 billion.

Further, the company said, it is cautious in its outlook and expects a negative impact on its operating results, due to the significant presence in energy producing regions in the U.S. and Canada and the continued depression.