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UniFirst Full Year 2024 Earnings: EPS Beats Expectations

Simply Wall St·10/24/2024 10:38:20
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UniFirst (NYSE:UNF) Full Year 2024 Results

Key Financial Results

  • Revenue: US$2.43b (up 8.7% from FY 2023).
  • Net income: US$145.5m (up 40% from FY 2023).
  • Profit margin: 6.0% (up from 4.6% in FY 2023). The increase in margin was driven by higher revenue.
  • EPS: US$40.52 (up from US$5.55 in FY 2023).
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NYSE:UNF Earnings and Revenue Growth October 24th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

UniFirst EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.7%.

Looking ahead, revenue is forecast to grow 2.8% p.a. on average during the next 2 years, compared to a 6.6% growth forecast for the Commercial Services industry in the US.

Performance of the American Commercial Services industry.

The company's shares are down 5.1% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. See our latest analysis on UniFirst's balance sheet health.