UniFirst posted a 1.9% year-over-year revenue increase to $602.2 million in Q2, slightly missing analyst estimates. Adjusted EPS of $1.40 surpassed expectations of $1.32. The company raised its FY25 EPS forecast to $7.30-$7.70.
Workplace uniform provider UniFirst (NYSE:UNF) met Wall Street’s revenue expectations in Q1 CY2025, with sales up 1.9% year on year to $602.2 million. The company’s outlook for the full year was close to analysts’ estimates with revenue guided to $2.43 billion at the midpoint. Its GAAP profit of $1.10 per share was 8% below analysts’ consensus estimates.
Shares of workplace uniform provider UniFirst (NYSE:UNF) fell 13.7% in the morning session after Cintas terminated talks to acquire the company (UNF) in a deal that would have been worth $275 per share in cash. The offer price represented a premium of 46% over the stock's average trading price before the news of the offer was made public.
Cintas Corporation terminated discussions to acquire Unifirst Corporation for $275/share in cash. Cintas submitted proposal in Jan, but no agreement reached.
The nation's largest work uniform rental and sales service stock took a tumble despite solid earnings growth and raised guidance. A buying opportunity?
UniFirst reported Q1 2025 results with sales of $604.91M, operating income of $55.5M, and adjusted EPS of $2.40. Cintas offered to acquire UniFirst for $275/share.
