UniFirst Expects FY25 Revenues Of $2.425B - $2.445B (Est 2.474B), EPS Of $6.79 - $7.19 (Est $7.94)
Portfolio Pulse from Benzinga Newsdesk
UniFirst has provided its financial guidance for fiscal year 2025, expecting revenues between $2.425 billion and $2.445 billion, which is below the estimated $2.474 billion. The expected EPS is between $6.79 and $7.19, also below the estimated $7.94. The guidance includes $16 million in costs for Key Initiatives.
October 23, 2024 | 12:11 pm
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NEGATIVE IMPACT
UniFirst's FY25 guidance indicates lower-than-expected revenues and EPS, with additional costs from Key Initiatives impacting financials.
UniFirst's guidance for FY25 shows both revenue and EPS below analyst estimates, which is likely to negatively impact investor sentiment. The inclusion of $16 million in costs for Key Initiatives suggests additional financial pressure, contributing to a likely short-term decline in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100