BUZZ-UniFirst falls after downbeat fiscal 2026 forecasts
Reuters
Oct 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;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.