Business
UniFirst Announces Financial Results for the Second Quarter of Fiscal 2025
WILMINGTON, Mass., April 02, 2025 (GLOBE NEWSWIRE) -- UniFirst Corporation (NYSE: UNF) (the “Company,” “UniFirst” or “we”) today reported results for its second quarter ended March 1, 2025 as compared to the corresponding period in the prior fiscal year: Q2 2025 Financial Highlights Consolidated revenues for the second quarter increased 1.9% to $602.2 million.Operating income was $31.2 million, an increase of 11.7%.The quarterly tax rate decreased to 25.0% compared to 26.2% in the prior year.Net
About this update from Unifirst Corporation
[{"type":"image","alt":"UniFirst Corporation","displaySize":"","headline":null,"caption":"UniFirst Corporation","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":63,"url":"https://media.zenfs.com/en/globenewswire.com/d39d6bbcb80c65a217d21e4653a44c99"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/x2WF2R6FVdNHf_FgTXMX0w--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTg4O2NmPXdlYnA-/https://media.zenfs.com/en/globenewswire.com/d39d6bbcb80c65a217d21e4653a44c99","width":300,"height":63}},"lazy":false},{"type":"text","content":"WILMINGTON, Mass., April 02, 2025 (GLOBE NEWSWIRE) -- UniFirst Corporation (NYSE: UNF) (the “Company,” “UniFirst” or “we”) today reported results for its second quarter ended March 1, 2025 as compared to the corresponding period in the prior fiscal year:","length":254,"tagName":"p"},{"type":"text","content":"Q2 2025 Financial Highlights","length":28,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Consolidated revenues for the second quarter increased 1.9% to $602.2 million.","length":78,"tagName":"p"}]},{"val":[{"type":"text","content":"Operating income was $31.2 million, an increase of 11.7%.","length":57,"tagName":"p"}]},{"val":[{"type":"text","content":"The quarterly tax rate decreased to 25.0% compared to 26.2% in the prior year.","length":78,"tagName":"p"}]},{"val":[{"type":"text","content":"Net income increased to $24.5 million from $20.5 million in the prior year, or 19.6%.","length":85,"tagName":"p"}]},{"val":[{"type":"text","content":"Diluted earnings per share increased to $1.31 from $1.09 in the prior year, or 20.2%.","length":85,"tagName":"p"}]},{"val":[{"type":"text","content":"Adjusted EBITDA increased to $68.9 million compared to $64.8 million in the prior year, or 6.3%.","length":96,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":479,"olType":false},{"type":"text","content":"The Company's financial results for the second quarter of fiscal 2025 and 2024 included approximately $1.9 million and $3.2 million, respectively, of costs directly attributable to its customer relationship management (“CRM”) computer system and enterprise resource planning (“ERP”) projects. The Company refers to the CRM and ERP projects together as its “Key Initiatives”. The effect of these items on the second quarter of fiscal 2025 and 2024 combined to decrease:","length":472,"t...