While the top- and bottom-line numbers for UniFirst (UNF) give a sense of how the business performed in the quarter ended May 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
UniFirst (UNF) delivered earnings and revenue surprises of 16.49% and 0.39%, respectively, for the quarter ended May 2024. Do the numbers hold clues to what lies ahead for the stock?
WILMINGTON, Mass., June 26, 2024 (GLOBE NEWSWIRE) -- UniFirst Corporation (NYSE: UNF) (the “Company,” “UniFirst” or “we”) today reported results for its third quarter ended May 25, 2024 as compared to the corresponding period in the prior fiscal year: Q3 2024 Financial Highlights Consolidated revenues for the third quarter increased 4.6% to $603.3 million.Operating income was $48.5 million, an increase of 45.1%.The quarterly tax rate decreased to 22.9% compared to 27.2% in the prior year.Net inc