UniFirst Signal Notes of Caution Among Customers -- Market Talk
Dow Jones
Jul 03
1516 ET - UniFirst executives note continued caution, which extends to both pricing and employment levels at its customers. CEO Steven Sintros says tariffs are prompting some of its suppliers to raise prices. "We're sort of stuck in the middle on that right now and it's unclear how that will play out," Sintros says on a 3Q earnings call. Meanwhile, customers are also "somewhat cautious" about adding workers and continuing to cut jobs as they have in recent quarters. The caution is likely weighing on shares, which fall 8.5%, even after the company reported better-than-expected quarterly results and backed its guidance for the year. (natalie.weger@wsj.com, @NatalieWeger)
(END) Dow Jones Newswires
July 02, 2025 15:16 ET (19:16 GMT)
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