UniFirst Q3 EPS $1.66 Misses $1.79 Estimate, Sales $576.67M Beat $564.18M Estimate
Portfolio Pulse from Benzinga Newsdesk
UniFirst (NYSE:UNF) reported Q3 earnings of $1.66 per share, missing the analyst consensus estimate of $1.79 by 7.26%. This is a 6.21% decrease from the same period last year. However, the company reported quarterly sales of $576.67 million, beating the analyst consensus estimate of $564.18 million by 2.21%, a 12.73% increase from the same period last year.
June 28, 2023 | 12:07 pm
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UniFirst's Q3 earnings per share missed estimates, but sales exceeded expectations.
UniFirst's earnings per share fell short of analyst estimates, which could negatively impact the stock. However, the company's sales exceeded expectations, which could offset the negative impact of the earnings miss. The mixed results may lead to an uncertain market reaction in the short term.
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