logo
Plus   Neg
Share
Email

UniFirst Again Boosts FY19 Outlook - Quick Facts

While reporting financial results for the third quarter on Wednesday, UniFirst Corp. (UNF) again raised its earnings and revenue guidance for the full-year 2019.

For fiscal 2019, the company now expects earnings in a range of $8.75 to $8.85 per share, based on the current level of outstanding common shares and includes one extra week of operations compared to fiscal 2018 due to the timing of the Company's fiscal calendar.

The company also currently expects full-year revenues to be between $1.802 billion and $1.809 billion.

Previously, the company projected earnings in a range of $7.65 to $7.90 per share on revenues between $1.785 billion and $1.795 billion.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $7.96 per share on revenues of $1.79 billion for the year. Analysts' estimates typically exclude special items.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The National Labor Relations Board ruled in favor of McDonald's in a long-running case filed by workers who accused the fast-food giant of retaliation after they tried to unionize. The lawsuit, filed by 20 employees against McDonald's and some of its franchise operators in 2015. The lawsuit was seeking a ruling that would consider McDonald's a 'joint employer' with its franchisees. Shares of Facebook fell almost 3 percent in Thursday's trading after the Wall Street Journal reported that the Federal Trade Commission is considering seeking a preliminary injunction against Facebook amid antitrust concerns over the company's integration of its apps. Facebook had earlier said it was planning to integrate its three messaging services. Beverages giant Pepsi announced the launch Pepsi Café, a new coffee-infused cola, which will debut in the United States in April 2020. The new beverage, which aims to satisfy both cola lovers and coffee fanatics across the US, comes in two delicious flavors - Original and Vanilla, with roasted Arabica coffee. It will be available at all major national retailers beginning in April next year.
RELATED NEWS
Follow RTT
>