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UniFirst Corp. Reports Operating Results (10-Q)
Posted by: gurufocus (IP Logged)
Date: January 3, 2013 03:07PM

UniFirst Corp. (UNF) filed Quarterly Report for the period ended 2012-11-24. Unifirst Corporation has a market cap of $1.46 billion; its shares were traded at around $82.02 with a P/E ratio of 15.6 and P/S ratio of 1.1. The dividend yield of Unifirst Corporation stocks is 0.2%. Unifirst Corporation had an annual average earning growth of 9.7% over the past 10 years. GuruFocus rated Unifirst Corporation the business predictability rank of 5-star.



Highlight of Business Operations:

For the thirteen weeks ended November 24, 2012, our consolidated revenues increased by $19.5 million from the comparable period in fiscal 2012, or 6.2%. This increase was due to a $22.3 million increase in revenues from our core laundry operations. Core laundry operations revenues increased to $294.6 million for the thirteen weeks ended November 24, 2012 from $272.3 million for the comparable period of fiscal 2012, or 8.2%. This increase in the core laundry operations revenue was attributable to positive organic growth of 8.0%. The core laundry operations revenue growth also benefited from the effect of favorable fluctuations in the Canadian foreign exchange rate, which accounted for a 0.2% increase in revenue for the thirteen weeks ended November 24, 2012 compared to the comparable period in fiscal 2012.

Our depreciation and amortization expense was $16.8 million, or 5.0% of revenues, for the thirteen weeks ended November 24, 2012 compared to $16.4 million, or 5.2% of revenues, for the thirteen weeks ended November 26, 2011. The increase in depreciation and amortization expense was due to capital expenditure and acquisition activity in earlier periods.

Read the The complete Report



Stocks Discussed: UNF,
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