UniFirst (UNF) on Wednesday reported better fiscal 2025 second-quarter profit than analysts had expected, but sales fell just short.

The workplace uniform maker reported 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) of $1.31 on revenue of $602.2 million in revenue. Analysts poll𝐆ed by Visible Alpha expected $1.20 and $603.5 million, respectively.

FY Profit Forecast Well Above Expectations

The company expects full-year revenue between $2.42 billion and $2.43 billion, slightly down from $2.43 billion to $2.44 billion previously and roughly in line with estimates. Full-year EPS is seen between $7.30 and $7.70, well above the $7.09 consensus and up from the prior $6.79 to $7.19.

The revenue outlook was lowered due to "the anticipated negative impact of the Canadian Dollar exchange rate compared to our original expectations," while profit is expected to be higher because of improved projections in its Core Laundry business and the assumption that costs of its "key initiative" projects would be lower.

Last week, Cintas (CTAS) 澳洲幸运5官方开奖结果体彩网:called off its proposꩵed 🐎$5.3 billion acquisition of UniFirst, saying it "unable to have substantive engagement with UniFirst regarding key transaction terms." News of the proposal had sent UniFirst's stock up more than 20% on Jan. 7, but the company did not mention the rejected deal in its report.

UniFirst shares were little changed immediately following Wednesday's report. They entered the day up about 6% over the last 12 months.