10-Q · April 7, 2026
UniFirst reported Q2 revenue of $622.5M, up $20.3M (3.4%) versus prior-year quarter, while operating income fell to $26.0M (from $31.2M) and diluted EPS declined to $1.13 (from $1.31). Cash and cash equivalents…
Earnings analysis · 10-Q
UNF earnings analysis
Filed July 8, 2026 · Our reading of the company's report
The latest report
UniFirst reported Q3 2026 revenue of $634.4 million, up 3.9% year-over-year, alongside an EPS of $2.17, beating estimates. The company continues to face challenges with declining operating margins, primarily due to…
Read full summary
UniFirst reported Q3 2026 revenue of $634.4 million, up 3.9% year-over-year, alongside an EPS of $2.17, beating estimates. The company continues to face challenges with declining operating margins, primarily due to significant transaction costs related to its pending merger with Cintas, which are impacting overall profitability.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
From revenue to operating profit
Where each $100 of revenue went in this report.
Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.
Where revenue came from
The business segments reported by the company.
Shares of the segments disclosed in this filing, largest first.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $2.17
What stood out
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Revenue Growth
Total revenue rose to $634.4 million, a 3.9% increase from $610.8 million in the same quarter last year.
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EPS Beats Estimates
Reported EPS of $2.17 exceeded estimates of $1.91, showing a positive surprise of 13.61%.
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Segment Growth in First Aid & Safety
First Aid & Safety Solutions segment revenue increased by 10.0% year-over-year.
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Stable Cash from Operations
Cash provided by operating activities was $139.4 million, although it's down 29.1% from the previous year.
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ERP Investment Continues
Capital expenditures for ERP enhancements totaled $107 million, continuing investment in technology for operational efficiency.
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Diverse Revenue Sources
Uniform & Facility Service Solutions grew 3.9%, contributing significantly to overall revenue.
What to watch
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High Transaction Costs from Merger
The company incurred $20.7 million in transaction-related costs associated with the Cintas merger, impacting profitability.
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Declining Operating Margins
Operating income margin dropped to 3.6%, down from 7.9%, indicating potential operational inefficiencies.
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Cash Reserves Decrease
Cash and cash equivalents decreased by $40.3 million from $209.2 million, signaling liquidity pressures.
Management's outlook
Not providing explicit guidance due to pending merger with Cintas.
Earlier filings 4
10-Q · January 7, 2026
UniFirst reported revenues of $621,318,000 for the thirteen weeks ended November 29, 2025, up $16,410,000 (+2.7%) versus the year-ago quarter but with margin and EPS pressure. Gross margin was ~36.7% and operating…
10-K · October 29, 2025
UniFirst positions itself as a scale-driven provider of uniform, facility and safety services, emphasizing in-house manufacturing (approximately 62% of garments in fiscal 2025) and long-term contract programs (typically…
10-K · November 14, 2024
UniFirst positions itself as a vertically integrated provider of uniform rental, facility services and safety supplies, emphasizing in-house design and manufacture ("During the fiscal year ended August 31, 2024, we…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.