UniFirst reports Q1 EPS $1.97, consensus $2.06

Reports Q1 revenue $621.318M, consensus $615.23M. “Our first quarter performance was consistent with our expectations and reflects the impact of planned investments designed to accelerate growth and enhance operational efficiency,” said Steven Sintros, UniFirst (UNF) President and Chief Executive Officer. “While these initiatives weighed on near-term margins, we believe they position UniFirst for improved profitability over time. Importantly, organic growth driven by new customer wins and improved retention reflects the strength of UniFirst’s differentiated, service-driven model focused on reliability, local accountability and long-term relationships.”