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UniFirst Corp Reports Increased Profit in Q1 Earnings

UniFirst Corp showcases positive results in its first quarter with a profit rise. The earnings report highlights a solid performance in EPS and revenue growth that could positively influence its stock prices going forward.

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AI Rating:   7

Profit Margins and EPS: UniFirst Corp reported a first quarter profit of $43.11 million, reflecting an increase from $42.33 million in the prior year. This indicates a strong performance, as the earnings per share (EPS) rose from $2.26 to $2.31.

Revenue Growth: The company experienced a revenue growth of 1.9%, with quarterly revenue reaching $604.91 million compared to $593.53 million in the same quarter last year. Such growth can be viewed favorably in the context of market performance.

Guidance: For the full year, UniFirst projects an EPS between $6.79 and $7.19 and full year revenue between $2.425 billion and $2.440 billion. These projections suggest a continued positive outlook for the company, which may encourage investor confidence.