UniFirst Corporation (UNF) has reported a significant increase in its fourth-quarter earnings compared to the same timeframe last year, surpassing Wall Street expectations. The company's net income reached $44.635 million, translating to $2.39 per share, up from $27.631 million, or $1.47 per share, in the fourth quarter of the previous year.
Market analysts, as surveyed by Thomson Reuters, had projected earnings of $2.04 per share, excluding any special items.
In terms of revenue, UniFirst Corp saw an 11.9% boost, rising to $639.867 million from last year’s $571.890 million.
A summary of UniFirst Corp’s fourth-quarter GAAP earnings is as follows:
- Net Income: $44.635 million, compared to $27.631 million in the previous year.
- Earnings Per Share (EPS): $2.39, up from $1.47 last year.
- Revenue: $639.867 million, an increase from $571.890 million the previous year.
