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UniFirst Corp Reveals 21% Rise In Q1 Profit

UniFirst Corp (UNF) revealed a profit for its first quarter that rose from last year.

The company said its bottom line climbed to $34.21 million, or $1.67 per share. This was higher than $28.21 million, or $1.38 per share, in last year's first quarter.

Analysts had expected the company to earn $1.41 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 7.7% to $415.78 million. This was up from $386.11 million last year.

UniFirst Corp earnings at a glance:

-Earnings (Q1): $34.21 Mln. vs. $28.21 Mln. last year.
-Earnings Growth (Y-o-Y): 21.3%
-EPS (Q1): $1.67 vs. $1.38 last year.
-EPS Growth (Y-o-Y): 21.0%
-Analysts Estimate: $1.41
-Revenue (Q1): $415.78 Mln vs. $386.11 Mln last year.
-Revenue Change (Y-o-Y): 7.7%

Full year EPS guidance: $5.10 - $5.30
Full year revenue guidance: $1.630 - $1.650 Bln

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