UniFirst Q2 EPS $1.09 Misses $1.23 Estimate, Sales $590.70M Beat $587.84M Estimate
Portfolio Pulse from Benzinga Newsdesk
UniFirst (NYSE:UNF) reported Q2 earnings of $1.09 per share, missing the consensus estimate of $1.23 by 11.38%, but showed a 14.74% increase from last year. Sales reached $590.70M, slightly above the $587.84M estimate, marking an 8.85% increase from the previous year.
March 27, 2024 | 12:06 pm
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UniFirst's Q2 earnings per share missed estimates but showed year-over-year growth, while sales exceeded expectations and also grew compared to last year.
The miss in EPS estimates might concern some investors, potentially putting downward pressure on the stock. However, the year-over-year growth in both earnings and sales, along with sales beating estimates, could counterbalance the negative impact and suggest a neutral short-term outlook.
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