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UniFirst Corp. Reports Operating Results (10-Q)

Jan 05, 2012 | About:
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10qk

UniFirst Corp. (UNF) filed Quarterly Report for the period ended 2011-11-26.

Unifirst Corp. has a market cap of $1.19 billion; its shares were traded at around $59.73 with a P/E ratio of 15.6 and P/S ratio of 1. The dividend yield of Unifirst Corp. stocks is 0.3%. Unifirst Corp. had an annual average earning growth of 9.7% over the past 10 years. GuruFocus rated Unifirst Corp. the business predictability rank of 4.5-star.


This is the annual revenues and earnings per share of UNF over the last 10 years. For detailed 10-year financial data and charts, go to 10-Year Financials of UNF.


Highlight of Business Operations:

For the thirteen weeks ended November 26, 2011, our consolidated revenues increased by $39.9 million from the comparable period in fiscal 2011, or 14.6%. This increase was primarily driven by a $33.6 million increase in revenues from our core laundry operations. Core laundry operations revenue increased to $272.3 million for the thirteen weeks ended November 26, 2011 from $238.7 million for the comparable period of fiscal 2011, or 14.1%. This increase in the core laundry operations revenue was attributable to positive organic growth of 12.1%. Organic growth is comprised of new sales, additions to our existing customer base and price increases offset by lost accounts and reductions to our existing customer base. Our positive organic growth rate in our core laundry operations was accompanied by positive acquisition-related growth of 1.9% and the effect of favorable fluctuations in the Canadian foreign exchange rate, which accounted for a 0.1% increase in revenue for the thirteen weeks ended November 26, 2011 compared to the comparable period in fiscal 2011.

Our depreciation and amortization expense was $16.4 million, or 5.2% of revenues, for the thirteen weeks ended November 26, 2011 compared to $15.5 million, or 5.7% of revenues, for the thirteen weeks ended November 27, 2010. The increase in depreciation and amortization expense was due to capital expenditure and acquisition activity in earlier periods.

Read the The complete Report

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What Worked in the Stock Market for Long-Term Investors?

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Part I: What worked in the market from 1998-2008? Part I: Predictability Rank
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