NYSE$UNF

UniFirst Corporation · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

UniFirst reported a decrease in revenue and earnings for the fourth quarter of fiscal year 2020, impacted by COVID-19.

UniFirst Corporation reported a decrease in consolidated revenues by 10.6% to $428.6 million for the fourth quarter of fiscal 2020. Operating income decreased by 30.8% to $40.8 million, and net income decreased to $31.6 million. Diluted earnings per share decreased to $1.66 from $2.40.

  • Consolidated revenues for the quarter decreased 10.6% to $428.6 million.
  • Excluding the impact of the extra week in fiscal 2019, consolidated revenues decreased 3.5%.
  • Operating income was $40.8 million, a decrease of 30.8%.
  • Diluted earnings per share decreased to $1.66 from $2.40, or 30.8%.

Headline financials

Total Revenue

$429M

Previous: $480M-10.6%
EPS (adj)

$1.66

Previous: $2.40-30.8%
Net Income

$31.6M

No prior period
Operating Income

$40.8M

No prior period
Cash & Equivalents

$475M

No prior period
Total Assets

$2.2B

No prior period

Revenue & EPS history

UniFirst · Revenue · Quarterly

$429M

Q4 2020-10.6%vs Q4 2019
Beat estimate in 15 of 16 quarters(94%)
ActualEstimate

Revenue by segment

UniFirst · $634M total across 3 segments · Q3 2026

  • Uniform & Facility Service Solutions
    $576M
  • First Aid & Safety Solutions
    $30.8M
  • Other
    $27.8M

Forward guidance

Due to the continued uncertainty surrounding the COVID-19 pandemic and its impact on our communities, we will only be providing guidance for our fiscal 2021 first quarter at this time. We currently expect our revenues for the first quarter of fiscal 2021 to be between $433.0 million and $443.0 million and diluted earnings per share to be between $1.55 and $1.70.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 18 quarterly earnings reports · overlaid with Q4 2020

Historical avgQ4 2020

-0.3%

Avg return

Earnings day

-0.5%

Avg return

5 days after

+1.9%

Avg return

30 days after

45%

30 / 66 earnings

Positive

+11.6%

Q2 2018

Best reaction

-11.8%

Q4 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2026
Q2 2026+0.9%-1.3%
Q1 2026-3.3%-0.8%-0.9%
Q4 2025-6.0%-0.2%-2.4%
Q3 2025-2.4%-1.5%-1.9%
Q2 2025+1.0%-6.3%+2.6%
Q1 2025+7.8%+10.7%+7.2%
Q4 2024-0.4%-2.1%+5.4%
Q3 2024+11.0%+11.1%+23.8%
Q2 2024+3.8%+1.4%-1.7%
Q1 2024-9.5%-8.2%-3.5%
Q4 2023-0.8%-0.4%+4.4%
Q3 2023-6.3%-7.0%-6.1%
Q2 2023-10.2%-10.8%-15.3%
Q1 2023+5.3%+5.9%+7.9%
Q4 2022-3.4%-1.5%+11.4%
Q3 2022+6.7%+6.9%+21.4%
Q2 2022-3.2%-7.7%-9.5%
Q1 2022-5.8%-7.9%-14.5%
Q4 2021-6.3%-5.7%-8.8%
Q3 2021-6.4%-6.3%-9.9%
Q2 2021+1.2%-0.1%+0.9%
Q1 2021+4.9%+3.0%+7.9%
Q4 2020-11.8%-15.1%-1.2%
Q3 2020-2.0%-2.7%+4.2%
Q2 2020-7.7%-0.6%+9.8%
Q1 2020+2.0%+4.9%-0.9%
Q4 2019+4.5%+5.2%+5.9%
Q3 2019+11.3%+12.7%+17.0%
Q2 2019+10.8%+12.1%+12.7%
Q1 2019-6.6%-4.7%-4.6%
Q4 2018-8.1%-7.4%-8.4%
Q3 2018-2.5%-0.2%+1.8%
Q2 2018+11.6%+6.9%+10.4%
Q1 2018+4.3%+2.3%-2.8%
Q4 2017+0.2%+0.5%-1.0%
Q3 2017+0.9%+3.0%+2.7%
Q2 2017+3.7%+1.0%+2.3%
Q1 2017-6.9%-8.5%-11.6%
Q4 2016-9.1%-9.0%+7.3%
Q3 2016+9.7%+8.8%+10.8%
Q2 2016-3.3%
Q1 2016+0.3%
Q4 2015-5.1%
Q3 2015+4.7%
Q2 2015+3.8%
Q1 2015-0.7%
Q4 2014-1.3%
Q3 2014-2.1%
Q2 2014-5.2%
Q1 2014-1.4%
Q4 2013-0.8%
Q3 2013+2.8%
Q2 2013-1.3%
Q1 2013+8.4%
Q4 2012+0.2%
Q3 2012+0.3%
Q2 2012-2.6%
Q1 2012+1.8%
Q4 2011-0.3%
Q4 2009-0.3%
Q4 2010-0.3%
Q3 2011+1.3%
Q2 2011-0.1%
Q1 2011-5.5%
Q3 2010+3.0%
Q2 2010+0.1%

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