UniFirst Stock Drops 3% Following Q3 EPS Miss
<p><a href='https://financialmodelingprep.com/financial-summary/UNF'>UniFirst Corp (NYSE:UNF)</a> shares fell more than 3% pre-market today after the company reported its Q3 earnings, with EPS of $1.66 coming in worse than the Street estimate of $1.79. Revenue grew 12.7% year-over-year to $576.67 million, beating the Street estimate of $564.19 million.</p>
<p>Steven Sintros, the President and CEO of UniFirst, emphasized that the company remains committed to addressing the challenges and expenses affecting its operations. Regarding the recent acquisition of Clean Uniform, Sintros highlighted the positive initial progress, primarily centered around preserving Clean's key resources: its employees and its customer base.</p>
<p>For the full 2023 year, the company expects EPS in the range of $5.02-$5.37, compared to the Street estimate of $7.08, and revenue in the range of $2.22-$2.23 million, compared to the Street estimate of $2.217 million.</p>

NYSE:UNF