UniFirst Corp (UNF) Reports Q1 EPS of $1.99, Revenues Beat; Offers FY19 EPS/Revenue Guidance Below Consensus

UniFirst Corp (NYSE: UNF) reported Q1 EPS of $1.99, versus $1.67 reported last year. Revenue for the quarter came in at $438.6 million versus the consensus estimate of $434.28 million.

Outlook

Mr. Sintros continued, “At this time, we continue to expect our fiscal 2019 revenues to be between $1.765 billion and $1.785 billion, however, due to the increases that we are experiencing primarily in our payroll costs and merchandise amortization we now expect full year diluted earnings per share to be between $6.65 and $6.90. This guidance excludes the impact of the CRM-related settlement agreement and as a reminder, our guidance for fiscal 2019 includes one extra week of operations compared to fiscal 2018 due to the timing of our fiscal calendar."

GUIDANCE:

UniFirst Corp sees FY2019 EPS of $6.65-$6.90, versus the consensus of $7.00. UniFirst Corp sees FY2019 revenue of $1.765-1.785 billion, versus the consensus of $1.78 billion.

For earnings history and earnings-related data on UniFirst Corp (UNF) click here.

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