UniFirst raises fiscal 2025 EPS outlook to $7.60-$8.00 as Q3 profit rises
UniFirst reported third-quarter fiscal 2025 results for the quarter ended May 31, 2025, with revenue up 1.2% to $610.8 million and diluted earnings per share up 4.9% to $2.13. The company kept its annual revenue guidance at $2.422 billion to $2.432 billion and raised its diluted EPS guidance to $7.60 to $8.00, citing an updated estimate of about $7.5 million in fiscal 2025 Key Initiative costs. Shareholders get higher quarterly profit and a higher earnings outlook, though operating income slipped 0.6%.
- Revenue rose 1.2% to $610.8 million, while operating income fell 0.6% to $48.2 million.
- Diluted EPS was $2.13 versus $2.03 a year earlier; net income was $39.7 million, up 4.3%, helped by a $2.8 million gain on a property sale.
- Fiscal 2025 diluted EPS guidance was raised to $7.60 to $8.00; revenue guidance was maintained at $2.422 billion to $2.432 billion.
- The company repurchased $13.6 million of shares in the quarter and had $86.4 million left under its buyback authorization as of May 31, 2025.