UniFirst Updates FY Revenues Outlook

(RTTNews) - UniFirst Corp. (UNF) said it now expects revenues for fiscal 2017 will be between $1.573 billion and $1.580 billion. It also expect full year earnings per share will be between $4.85 and $5.00. The earning guidance includes the impact of $5.4 million of additional stock compensation expense.

Analysts polled by Thomson Reuters expect the company to report earnings of $5.01 per share and revenues of $1.56 billion for fiscal year. Analysts' estimates typically exclude special items.

In March, the company said it expected that its full year 2017 results would come in at the higher ends of previously communicated ranges. Previously it expected full year revenues for fiscal 2017 would be between $1.550 billion and $1.565 billion and full year earnings per share would be between $4.85 and $5.00.