UniFirst Reports Q1 Revenue of $621.3M, Shares Drop 5.56%
Written by Emily J. Thompson, Senior Investment Analyst
Source: Benzinga
- Revenue Growth: UniFirst's Q1 revenue reached $621.318 million, reflecting a 2.7% year-over-year increase and surpassing the $615.253 million estimate, demonstrating the company's ability to maintain stable income.
- Profitability Decline: Adjusted EPS was $1.97, missing the $2.06 estimate, indicating the pressure of growth investments and digital transformation on short-term profitability.
- Cost Impact: The company incurred approximately $2.3 million in costs related to its enterprise resource planning 'Key Initiative,' which reduced net income by $1.7 million and diluted EPS by 9 cents, highlighting short-term financial challenges.
- Future Outlook: UniFirst reaffirmed its fiscal 2026 revenue guidance of $2.475 billion to $2.495 billion, showing confidence in future growth despite cost pressures, as it navigates through its strategic initiatives.
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Analyst Views on UNF
Wall Street analysts forecast UNF stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for UNF is 177.25 USD with a low forecast of 145.00 USD and a high forecast of 206.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
5 Analyst Rating
0 Buy
3 Hold
2 Sell
Moderate Sell
Current: 209.550
Low
145.00
Averages
177.25
High
206.00
Current: 209.550
Low
145.00
Averages
177.25
High
206.00
About UNF
UniFirst Corporation is engaged in supplying and servicing uniform and workwear programs and facility service products. Its segments include United States (U.S.) and Canadian Rental and Cleaning, Manufacturing (MFG), Specialty Garments Rental and Cleaning (Specialty Garments), First Aid and Corporate. The U.S. and Canadian Rental and Cleaning segment purchases, rents, cleans, delivers and sells, uniforms and protective clothing and non-garment items in the United States and Canada. The MFG segment designs and manufactures uniforms and non-garment items primarily for the purpose of providing these goods to the U.S. and Canadian Rental and Cleaning reporting segment. Specialty Garments segment purchases, rents, cleans, delivers and sells specialty garments and non-garment items primarily for nuclear and cleanroom applications and provides cleanroom cleaning services at limited customer locations. First Aid segment sells first aid cabinet products and services and other safety supplies.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
UniFirst Declares $0.365 Dividend, Kaiser Aluminum Announces $0.77 Dividend
- UniFirst Dividend Announcement: UniFirst's Board of Directors declared a quarterly cash dividend of $0.365 per share, payable on March 27, 2026, reflecting the company's ongoing profitability and commitment to shareholder returns.
- Kaiser Aluminum Dividend Declaration: Kaiser Aluminum announced a cash dividend of $0.77 per share, payable on February 13, 2026, demonstrating the company's strong performance in maintaining stable cash flow and shareholder returns.
- Agree Realty Dividend Increase: Agree Realty declared a monthly cash dividend of $0.262, with an annualized amount rising to $3.144, a 3.6% increase from Q1 2025, showcasing the company's focus on shareholder value and confidence in profit growth.
- Labcorp Dividend Payment: Labcorp Holdings announced a cash dividend of $0.72 per share, payable on March 12, 2026, indicating its robust financial performance in the innovative laboratory services sector.
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UniFirst (UNF) Declares $0.365 Dividend Per Share, Consistent with Previous
- Dividend Declaration: UniFirst has declared a quarterly dividend of $0.365 per Class A share and $0.292 per Class B share, maintaining consistency with previous distributions, which reflects the company's ongoing commitment to stable cash flow and shareholder returns.
- Payment Schedule: The dividends are payable on March 27, with a record date of March 6 and an ex-dividend date also set for March 6, ensuring shareholders receive their earnings promptly and bolstering investor confidence.
- Revenue Outlook Reaffirmed: UniFirst has reaffirmed its revenue outlook for fiscal 2026 at $2.475 billion to $2.495 billion, indicating a positive business outlook despite the ongoing review of the Cintas acquisition proposal.
- Earnings Report Performance: Although UniFirst's GAAP EPS of $1.89 missed expectations by $0.10, its revenue of $621.3 million exceeded forecasts by $6.07 million, demonstrating the company's resilience in revenue growth.
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