Stock Track | UniFirst Plunges 6.97% in Pre-Market as Q1 Earnings Miss Estimates, Net Income Falls 20%
Stock Track01-07
UniFirst Corp. (UNF) shares plummeted 6.97% in pre-market trading following the release of its fiscal first-quarter results, which showed a significant decline in net income and earnings per share (EPS) missing analyst expectations.
The company reported a 20% drop in Q1 net income to $34.4 million, with diluted EPS at $1.89, below the FactSet consensus estimate of $1.99. While revenue rose 2.7% to $621.3 million, beating estimates, profitability was impacted by ongoing investments in growth and digital transformation initiatives. UniFirst reaffirmed its fiscal 2026 guidance, but the earnings miss and margin pressures drove the stock lower.
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