UniFirst Corporation reported its financial results for the fourth quarter and full fiscal year ended August 31, 2024, on October 23, 2024. For Q4 FY2024, consolidated revenues reached $620.4 million, an increase from $593.5 million in the prior year period. Net income was $44.6 million, or $2.39 per diluted share, with adjusted earnings per share of $2.46.
For the full fiscal year 2024, UniFirst achieved consolidated revenues of $2.40 billion, up from $2.22 billion in fiscal 2023. Net income for the year was $130.9 million, or $7.01 per diluted share, with adjusted earnings per share of $7.10. These results included $1.8 million in Q4 and $11.8 million for the full year in costs directly attributable to its Key Initiatives, such as CRM and ERP projects.
Looking ahead, UniFirst provided its financial outlook for fiscal year 2025, projecting revenues between $2.425 billion and $2.445 billion. Diluted earnings per share are expected to be between $6.79 and $7.19. This guidance incorporates an estimated $16.0 million in expensed costs related to the Key Initiatives for fiscal 2025.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.