BUZZ-UniFirst falls after downbeat fiscal 2026 forecasts

Reuters
10/23
BUZZ-UniFirst falls after downbeat fiscal 2026 forecasts

** Shares of uniform supplier UniFirst UNF.N down ~8% at $159.92

** Co forecast annual revenue and profit below expectations, amid macroeconomic uncertainty casting gloom on U.S. consumer spending

** Co sees fiscal 2026 revenue between $2.48 billion and $2.5 billion vs estimates of $2.51 billion; forecasts EPS between $6.58 and $6.98, below estimates of $8.69 - data compiled by LSEG

** However, Q4 revenue of $614.4 million beat estimates of $606.97 million; adjusted EPS of $2.28 came above expectations of $2.12

** Including session's moves, stock has fallen 6.5% YTD

(Reporting by Neil J Kanatt in Bengaluru)

((Neil.JKanatt@thomsonreuters.com;))

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