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Stock impact report

UNIFIRST ANNOUNCES FINANCIAL RESULTS FOR THE SECOND QUARTER OF FISCAL 2020

Unifirst Corporation (UNF) 
Last unifirst corporation earnings: 4/1 08:00 am Check Earnings Report
US:NYSE Investor Relations: investors.unifirst.com/investor-overview
Company Research Source: GlobeNewswire
WILMINGTON, Mass., April 01, 2020 (GLOBE NEWSWIRE) -- UniFirst Corporation (NYSE: UNF) (the “Company”) today reported results for its second quarter ended February 29, 2020 as compared to the corresponding period in the prior fiscal year: Q2 2020 Financial Highlights Consolidated revenues for the second quarter increased 6.2% to $464.6 million.Operating income was $44.1 million, a decrease of 29.3%.The effective tax rate for the quarter decreased to 24.2% from 24.9%.Net income in the quarter decreased to $34.7 million from $47.6 million, or 27.2%.Diluted earnings per share decreased to $1.82 from $2.48, or 26.6%. Operating income in the second quarter of fiscal 2019 benefited from a pre-tax gain of $21.1 million, which was recorded in selling and administrative expenses. This amount reflected a settlement with the lead contractor for the version of the customer relationship management system for which the Company had recorded a $55.8 million impairment charge in fisca Show less Read more
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