UniFirst Q2 Profit Declines - Quick Facts

(RTTNews) - UniFirst Corporation (UNF) reported that its second-quarter net income decreased to $25.65 million or $1.27 per share, from $26.64 million or $1.33 per share, previous year.

Revenues increased to $343.97 million from $334.31 million. Analysts expected revenue of $347.49 million for the quarter.

UniFirst said its revenue and profit comparisons were affected by a customer related specialty merchandise buyout in the year ago second quarter. Excluding the effect of this buyout, overall revenues would have increased 3.6% and earnings per share would have been $1.27.

On average, seven analysts polled by Thomson Reuters expected the company to report second-quarter profit per share of $1.39. Analysts' estimates typically exclude special items.

The company continues to believe that its full year revenues will be between $1.372 billion and $1.385 billion. Full year earnings per share is expected to be between $5.60 and $5.75. Analysts' expect the company to report fiscal year profit per share of $5.91 on revenue of $1.38 billion.