UniFirst Corp. (UNF), a provider of uniform wear, reported on Wednesday that it anticipates its annual earnings to fall below what analysts had projected.
For fiscal year 2025, the company forecasts its earnings per share to be between $6.79 and $7.19, with projected revenues ranging from $2.425 billion to $2.445 billion. These estimates account for approximately $16 million in expenses associated with the company's major initiatives.
In contrast, Wall Street analysts have estimated earnings at $8.26 per share, with expected revenue of $2.47 billion for the year, typically excluding any special items in their calculations.
For fiscal year 2024, UNF recorded earnings of $7.77 per share, supported by revenue totaling $2.427 billion.
