By Connor Hart
UniFirst logged higher sales in its fiscal first quarter, though profit fell as the company continues to invest in initiatives to support future growth.
The uniform supplier on Wednesday posted net income of $34.4 million for its quarter ended Nov. 29, down from $43.1 million in last year's comparable period. Quarterly earnings came in at $1.89 a share, below the $2.06 a share that analysts surveyed by FactSet had expected.
The recent quarter included about $2.3 million in costs tied to ongoing initiatives designed to ramp up growth and increase efficiencies. The costs reduced net income by $1.7 million and earnings per share by 9 cents, UniFirst said.
"While these initiatives weighed on near-term margins, we believe they position UniFirst for improved profitability over time," Chief Executive Steven Sintros said.
Revenue climbed 2.7% to $621.3 million, topping Wall Street forecasts for $615.2 million.
Across the company's uniform and facility-service solutions business, revenue ticked up 2.4% to $565.9 million. Revenue across its first aid and safety solutions unit grew 15% to $30.2 million.
Looking ahead, UniFirst backed its full-year outlook for earnings between $6.58 and $6.98 a share on revenue of $2.48 billion to $2.5 billion. Analysts are looking for earnings of $7 a share on $2.49 billion in revenue.
Shares fell 5% to $192.99, in premarket trading.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
January 07, 2026 08:19 ET (13:19 GMT)
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