Upcoming Dividend • May 29
Upcoming dividend of US$0.36 per share Eligible shareholders must have bought the stock before 05 June 2026. Payment date: 26 June 2026. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 0.5%. Lower than top quartile of American dividend payers (4.2%). Lower than average of industry peers (1.3%). Announcement • May 20
Unifirst Corporation Launches Essential Series UniFirst Corporation announced the launch of the Essential Series. The Essential Series shifts restroom hygiene from a procurement hassle to a seamlessly managed service. The collection features a suite of eight dispensers for soap, paper, and air fresheners that pair a modern, timeless design with a proactive, expert-led service model, ensuring facilities stay fully stocked, clean, and visually cohesive. The Essential Series represents a sophisticated departure from traditional dispensers currently on the market. By offering a curated, unique design with a cohesive and intentional look, the collection is specifically tailored for the modern and professional feel of today's work environments. Timeless Design: Available in two classic design options (sleek black and white), the series will match any décor. The minimalist look ensures that the dispensers remain a modern classic avoiding the pitfalls of seasonal color trends and ensuring a perfect match during future facility renovations. Easy-Clean Surfaces: Form follows function with smooth, contoured surfaces. By eliminating unnecessary ridges and textures, the design allows for rapid wiping and sanitization, keeping the environment looking sharp with minimal effort. The "One-Key" Efficiency: To streamline facility management, the dispensers use a single lock and key system. This eliminates the "key ring clutter" often found in commercial buildings, making servicing easy for on-site staff and UniFirst service teams. The Essential Series helps eliminate the worry that empty dispensers will negatively impact a company's brand reputation. By shifting from a reactive "order and refill" model to a professionally managed service, the program provides peace of mind through: Proactive Service: UniFirst service-certified experts take full ownership of inventory levels. Businesses no longer need to monitor stock or handle emergency refills. UniFirst local service teams stay ahead of customer needs, so facilities remain fully stocked. High-Capacity Dispensers: Engineered for high-traffic environments, the dispensers hold a larger volume of product than standard units to reduce the risk of runouts. By decreasing the frequency of required refills, the Essential Series minimizes operational interruptions and reduces the time staff must spend on restroom upkeep. Predictable Billing: With a fixed service model and no upfront capital investment, operations leads can expect no surprise fees, just seamless service with expert inventory management. Transparent billing replaces the stress of fluctuating wholesale costs and unexpected equipment repairs. The Essential Series also combats "operational drain," the lost productivity businesses spend on manual inventory tracking. By combining high-capacity restroom dispensers with proactive service, the program addresses the industry's labor gap by significantly reducing the frequency of required maintenance intervals, allowing on-site staff to stay focused on core business tasks. The Essential Series is available for installation across the United States and Canada. For more information on how the Essential Series can help optimize business operations, visit UniFirst.com. Live News • May 06
UniFirst Stock Hits Record High as Cintas Pursues $275 Per Share Takeover and Dividend Set UniFirst stock reached an all-time high, reflecting strong investor attention on the company.
Cintas reportedly resubmitted a takeover offer of $275 per share, signaling continued interest in acquiring UniFirst.
UniFirst announced quarterly cash dividends payable on March 27, 2026, keeping its regular capital return in place during potential corporate changes.
For you as an investor, the key point is that UniFirst is now in the middle of active corporate activity, with Cintas pursuing an acquisition at a stated cash offer level above UniFirst’s prior closing price. A resubmitted offer suggests ongoing engagement between the two companies, although there is no indication in the provided information of any agreement or final outcome.
The dividend declaration for March 27, 2026 indicates that UniFirst is continuing its usual shareholder return program while these discussions are underway. If you are following the stock, the combination of an all-time high share price, a premium takeover proposal and an ongoing dividend can influence how the market thinks about potential risk and reward. The main variables to watch from here are any updates on negotiations, terms or regulatory steps related to a possible deal. Declared Dividend • Apr 17
Second quarter dividend of US$0.36 announced Shareholders will receive a dividend of US$0.36. Ex-date: 5th June 2026 Payment date: 26th June 2026 Dividend yield will be 0.5%, which is lower than the industry average of 1.2%. Payout Ratios Payout ratio: 19%. Cash payout ratio: 29%. Announcement • Apr 15
UniFirst Corporation Declares Quarterly Cash Dividends on Common Stock and Class B Common Stock, Payable on June 26, 2026 The Board of Directors of UniFirst Corporation declared regular quarterly cash dividends of $0.365 per share (36.5 cents) on the Company's Common Stock and $0.292 per share (29.2 cents) on the Company's Class B Common Stock. Both dividends are payable on June 26, 2026 to shareholders of record on June 5, 2026. Reported Earnings • Apr 02
Second quarter 2026 earnings released: EPS: US$1.13 (vs US$1.32 in 2Q 2025) Second quarter 2026 results: EPS: US$1.13 (down from US$1.32 in 2Q 2025). Revenue: US$622.5m (up 3.4% from 2Q 2025). Net income: US$20.5m (down 16% from 2Q 2025). Profit margin: 3.3% (down from 4.1% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Commercial Services industry in the US. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 15% per year. Valuation Update With 7 Day Price Move • Mar 11
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to US$275, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 12x in the Commercial Services industry in the US. Total returns to shareholders of 49% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$163 per share. Announcement • Mar 11
UniFirst Corporation to Report Q2, 2026 Results on Apr 01, 2026 UniFirst Corporation announced that they will report Q2, 2026 results Pre-Market on Apr 01, 2026 Upcoming Dividend • Feb 27
Upcoming dividend of US$0.36 per share Eligible shareholders must have bought the stock before 06 March 2026. Payment date: 27 March 2026. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of American dividend payers (4.2%). Lower than average of industry peers (1.2%). Valuation Update With 7 Day Price Move • Feb 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to US$235, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 16x in the Commercial Services industry in the US. Total returns to shareholders of 20% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$163 per share. Declared Dividend • Jan 16
First quarter dividend of US$0.36 announced Shareholders will receive a dividend of US$0.36. Ex-date: 6th March 2026 Payment date: 27th March 2026 Dividend yield will be 0.7%, which is lower than the industry average of 1.2%. Payout Ratios Payout ratio: 19%. Cash payout ratio: 28%. Announcement • Jan 14
UniFirst Corporation Declares Quarterly Cash Dividends on Common Stock and Class B Shares, Payable on March 27, 2026 The Board of Directors of UniFirst Corporation declared regular quarterly cash dividends of $0.365 per share (36.5 cents) on the Company's Common Stock and $0.292 per share (29.2 cents) on the Company's Class B Common Stock. Both dividends are payable on March 27, 2026 to shareholders of record on March 6, 2026. Reported Earnings • Jan 08
First quarter 2026 earnings: EPS misses analyst expectations First quarter 2026 results: EPS: US$1.89 (down from US$2.32 in 1Q 2025). Revenue: US$621.3m (up 2.7% from 1Q 2025). Net income: US$34.4m (down 20% from 1Q 2025). Profit margin: 5.5% (down from 7.1% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.1%. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Commercial Services industry in the US. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • Jan 07
Unifirst Corporation Provides Consolidated Revenue Guidance for Full-Year Fiscal 2026 UniFirst Corporation provided consolidated earnings guidance for full-year fiscal 2026. For the period, the company expects revenues of between $2.475 billion and $2.495 billion and fully diluted earnings per share between $6.58 and $6.98. Announcement • Jan 01
Unifirst Corporation Announces Retirement of David Difillippo as Executive Vice President, Operations Effective January 5, 2026 On December 29, 2025, David DiFillippo informed UniFirst Corporation of his intention to retire as Executive Vice President, Operations of the Company effective January 5, 2026. While the date of Mr. DiFillippo's retirement was not determined until December 29, 2025, Mr. DiFillippo and the Company have been working over the last year to transition Mr. DiFillippo's responsibilities in anticipation of his upcoming retirement. Valuation Update With 7 Day Price Move • Dec 26
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to US$200, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 15x in the Commercial Services industry in the US. Total returns to shareholders of 5.7% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$173 per share. Announcement • Dec 06
River Road Asset Management Addresses UniFirst Board Regarding Shareholder Concerns On December 5, 2025, River Road Asset Management LLC announced that it is disappointed with UniFirst Corporation’s Board and management for rejecting Cintas’ (CTAS) acquisition offer of $275 per share, failure to engage in good-faith negotiations, which River Road views as a breach of fiduciary duty, and the Company’s performance has declined since 2017 after CEO Ron Croatti’s passing. In addition, River Road stated that Company lags Cintas in all major operational metrics, competitive pressures have led to lower retention, slower new account wins, and margin erosion. Further, River Road believes Company’s current strategy carries high execution risk, advocates for exploring strategic alternatives, including a sale of the company, and plans to vote for Engine Capital’s nominees at the annual meeting on December 15, 2025. Announcement • Dec 05
Boyar Value Group Urges UniFirst Board to Initiate a Strategic Review On December 4, 2025, The Boyar Value Group published an open letter to UniFirst Corporation’s Board of Directors urging an immediate strategic review after years of underperformance and the Company’s refusal to meaningfully engage with credible potential buyers. In the letter, Boyar Value Group expresses concern that the Company has dismissed multiple approaches from strategic acquirers despite ‘a more than 45% premium to the unaffected price’ offered by Cintas Corporation in its most recent $275 per-share proposal. Boyar Value Group urges the Company’s Board to: (1) form an independent special committee with its own advisors; (2) reengage Cintas Corporation and all other credible strategic and financial buyers; (3) conduct a robust and open sale process; and (4) provide transparency to shareholders regarding strategic alternatives. Upcoming Dividend • Nov 28
Upcoming dividend of US$0.36 per share Eligible shareholders must have bought the stock before 05 December 2025. Payment date: 02 January 2026. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of American dividend payers (4.5%). Lower than average of industry peers (1.2%). Announcement • Nov 25
Engine Capital Sends a Letter to UniFirst Corporation On November 25, 2025, Engine Capital LP announced that it has sent a letter to UniFirst Corporation, stating that after repeated private attempts to engage with the directors were ignored, forcing them to go public, Engine Capital urges strengthening the Board and adding shareholder representation, criticizes directors for disregarding shareholders and manipulating governance processes. Engine Capital argues the Company has no realistic standalone path to achieve competitive valuation, believes selling to a strategic buyer would maximize value for all stakeholders. Further, Engine Capital proposed to add a shareholder representative to the Board immediately, explore a sale of the company to restore value and unity, and warns that continuing the current path will lead to further decline and eventual proxy battles. Announcement • Nov 25
UniFirst Corporation, Annual General Meeting, Dec 15, 2025 UniFirst Corporation, Annual General Meeting, Dec 15, 2025. Recent Insider Transactions Derivative • Nov 07
Insider exercised options and sold US$393k worth of stock On the 3rd of November, David Katz exercised options to acquire 3k shares at no cost and sold these for an average price of US$155 per share. This trade did not impact their existing holding. Since December 2024, David's direct individual holding has increased from 2.53k shares to 2.69k. Company insiders have collectively sold US$8.1m more than they bought, via options and on-market transactions in the last 12 months. Board Change • Nov 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 4 highly experienced directors. Independent Director Cecilia McKenney was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Declared Dividend • Oct 31
Fourth quarter dividend increased to US$0.36 Dividend of US$0.36 is 4.3% higher than last year. Ex-date: 5th December 2025 Payment date: 2nd January 2026 Dividend yield will be 0.9%, which is lower than the industry average of 1.2%. Sustainability & Growth Dividend is well covered by both earnings (17% earnings payout ratio) and cash flows (18% cash payout ratio). The dividend has increased by an average of 25% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 8.2% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Oct 29
UniFirst Corporation Declares Increased Quarterly Cash Dividends on Common Stock and Class B Common Stock, Payable on January 2, 2026 The Board of Directors of UniFirst Corporation declared increased quarterly cash dividends of $0.365 per share (36.5 cents) on the Company's Common Stock and $0.292 per share (29.2 cents) on the Company's Class B Common Stock. Both dividends are payable on January 2, 2026 to shareholders of record on December 5, 2025. Reported Earnings • Oct 23
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: US$8.01 (up from US$7.80 in FY 2024). Revenue: US$2.43b (flat on FY 2024). Net income: US$148.3m (up 1.9% from FY 2024). Profit margin: 6.1% (up from 6.0% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.9%. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Commercial Services industry in the US. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Oct 22
UniFirst Corporation Provides Earnings Guidance for the Fiscal Year 2026 UniFirst Corporation provided earnings guidance for the fiscal year 2026. For the year, the company expects revenues to be between $2.475 billion and $2.495 billion and fully diluted earnings per share to be between $6.58 and $6.98. This guidance includes an estimated $7.0 million of costs directly attributable to Key Initiatives that anticipate will be expensed in fiscal 2026. The following regarding guidance: Net income, at the midpoint of the range, is expected to be $124.1 million. Consolidated Operating Income, at the midpoint of the range, is expected to be $158.8 million. Announcement • Sep 18
UniFirst Corporation to Report Q4, 2025 Results on Oct 22, 2025 UniFirst Corporation announced that they will report Q4, 2025 results at 9:30 AM, US Eastern Standard Time on Oct 22, 2025 Upcoming Dividend • Aug 29
Upcoming dividend of US$0.35 per share Eligible shareholders must have bought the stock before 05 September 2025. Payment date: 26 September 2025. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of American dividend payers (4.4%). Lower than average of industry peers (1.1%). Declared Dividend • Aug 01
Third quarter dividend of US$0.35 announced Shareholders will receive a dividend of US$0.35. Ex-date: 5th September 2025 Payment date: 26th September 2025 Dividend yield will be 0.8%, which is lower than the industry average of 1.2%. Sustainability & Growth Dividend is well covered by both earnings (17% earnings payout ratio) and cash flows (17% cash payout ratio). The dividend has increased by an average of 25% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 14% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jul 30
UniFirst Corporation Declares Regular Quarterly Cash Dividends, Payable on September 26, 2025 The Board of Directors of UniFirst Corporation declared regular quarterly cash dividends of $0.350 per share (35.0 cents) on the Company's Common Stock and $0.280 per share (28.0 cents) on the Company's Class B Common Stock. Both dividends are payable on September 26, 2025 to shareholders of record on September 5, 2025. Reported Earnings • Jul 02
Third quarter 2025 earnings: EPS exceeds analyst expectations Third quarter 2025 results: EPS: US$2.14 (up from US$2.04 in 3Q 2024). Revenue: US$610.8m (up 1.2% from 3Q 2024). Net income: US$39.7m (up 4.3% from 3Q 2024). Profit margin: 6.5% (up from 6.3% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 7.0%. Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Commercial Services industry in the US. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Jul 02
UniFirst Corporation Provides Earnings Guidance for the Fiscal Year 2025 UniFirst Corporation provided earnings guidance for the fiscal year 2025. For the period, the company is maintaining annual revenue guidance within the range of $2.422 billion to $2.432 billion. However, Company is raising diluted earnings per share guidance to a range of $7.60 to $8.00. This adjustment reflects an updated assumption that Key Initiative costs in fiscal 2025 will be approximately $7.5 million, revised from previous estimate. Announcement • Jun 05
UniFirst Corporation to Report Q3, 2025 Results on Jul 02, 2025 UniFirst Corporation announced that they will report Q3, 2025 results Pre-Market on Jul 02, 2025 Upcoming Dividend • May 30
Upcoming dividend of US$0.35 per share Eligible shareholders must have bought the stock before 06 June 2025. Payment date: 27 June 2025. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of American dividend payers (4.8%). Lower than average of industry peers (1.0%). Announcement • Apr 10
UniFirst Corporation (NYSE:UNF) announces an Equity Buyback for $100 million worth of its shares. UniFirst Corporation (NYSE:UNF) announces a share repurchase program. Under the program, the company will repurchase up to $100 million worth of its outstanding shares of common stock. Announcement • Apr 09
Unifirst Declares Regular Cash Dividends, Payable on June 27, 2025 The Board of Directors of UniFirst Corporation declared regular quarterly cash dividends of $0.350 per share (35.0 cents) on the Company's Common Stock and $0.280 per share (28.0 cents) on the Company's Class B Common Stock. Both dividends are payable on June 27, 2025 to shareholders of record on June 6, 2025. Buy Or Sell Opportunity • Apr 08
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 25% to US$162. The fair value is estimated to be US$203, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.8% over the last 3 years. Earnings per share has grown by 11%. Revenue is forecast to grow by 4.6% in 2 years. Earnings are forecast to grow by 10% in the next 2 years. Price Target Changed • Apr 07
Price target decreased by 7.9% to US$182 Down from US$197, the current price target is an average from 3 analysts. New target price is 11% above last closing price of US$164. Stock is down 0.07% over the past year. The company is forecast to post earnings per share of US$7.57 for next year compared to US$7.79 last year. Announcement • Apr 03
UniFirst Corporation Announces Earnings Guidance for 2025 UniFirst Corporation announced earnings guidance for 2025. For the year, The company expects revenue to be between $2.422 billion and $2.432 billion which reflects the anticipated negative impact of the Canadian Dollar exchange rate compared to thecoriginal expectations. The company further expect that the diluted earnings per share will be between $7.30and $7.70, which reflects improved anticipated operating income in the Core Laundry Operations and an assumption that the Key Initiative costs in fiscal 2025 will approximate $12.0 million, revised down from prior estimates. Announcement • Mar 06
UniFirst Corporation to Report Q2, 2025 Results on Apr 02, 2025 UniFirst Corporation announced that they will report Q2, 2025 results Pre-Market on Apr 02, 2025 Price Target Changed • Jan 31
Price target increased by 14% to US$211 Up from US$186, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of US$214. The company is forecast to post earnings per share of US$7.17 for next year compared to US$7.79 last year. Declared Dividend • Jan 31
First quarter dividend of US$0.35 announced Shareholders will receive a dividend of US$0.35. Ex-date: 7th March 2025 Payment date: 28th March 2025 Dividend yield will be 0.6%, which is lower than the industry average of 1.2%. Payout Ratios Payout ratio: 17%. Cash payout ratio: 17%. Announcement • Jan 15
UniFirst Corporation Declares Regular Cash Dividend, Payable on March 28, 2025 The Board of Directors of UniFirst Corporation declared regular quarterly cash dividends of $0.350 per share (35.0 cents) on the Company's Common Stock and $0.280 per share (28.0 cents) on the Company's Class B Common Stock. Both dividends are payable on March 28, 2025 to shareholders of record on March 7, 2025. Announcement • Jan 09
Unifirst Corporation Announces Earnings Guidance for 2025 UniFirst Corporation announced earnings guidance for 2025. For the year, The company expects revenues for fiscal 2025 to be between $2.425 billion and $2.440 billion. The company continue to expect diluted earnings per share to be between $6.79 and $7.19. This outlook continues to include an estimated $16 million of costs directly attributable to key initiatives that anticipate will be expensed in fiscal 2025. Announcement • Dec 10
UniFirst Corporation to Report Q1, 2025 Results on Jan 08, 2025 UniFirst Corporation announced that they will report Q1, 2025 results Pre-Market on Jan 08, 2025 Announcement • Dec 06
UniFirst Corporation, Annual General Meeting, Jan 14, 2025 UniFirst Corporation, Annual General Meeting, Jan 14, 2025. Location: 68 jonspin road, wilmington, massachusetts 01887, United States Announcement • Nov 01
UniFirst Corporation announced delayed annual 10-K filing On 10/31/2024, UniFirst Corporation announced that they will be unable to file their next 10-K by the deadline required by the SEC. Major Estimate Revision • Oct 30
Consensus EPS estimates fall by 12% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from US$7.94 to US$7.00 per share. Revenue forecast steady at US$2.43b. Net income forecast to shrink 11% next year vs 27% growth forecast for Commercial Services industry in the US . Consensus price target broadly unchanged at US$186. Share price was steady at US$184 over the past week. Announcement • Oct 30
UniFirst Corporation Declares Increased Quarterly Cash Dividends, Payable on January 3, 2025 The Board of Directors of UniFirst Corporation declared increased quarterly cash dividends of $0.350 per share (35.0 cents) on the Company's Common Stock and $0.280 per share (28.0 cents) on the Company's Class B Common Stock. Both dividends are payable on January 3, 2025 to shareholders of record on December 6, 2024. Reported Earnings • Oct 24
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: US$40.52 (up from US$5.55 in FY 2023). Revenue: US$2.43b (up 8.7% from FY 2023). Net income: US$145.5m (up 40% from FY 2023). Profit margin: 6.0% (up from 4.6% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.7%. Revenue is forecast to grow 2.8% p.a. on average during the next 2 years, compared to a 6.6% growth forecast for the Commercial Services industry in the US. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Oct 23
UniFirst Corporation Provides Earnings Guidance for the Fiscal Year 2025 UniFirst Corporation provided earnings guidance for the fiscal year 2025. For the period, Company revenues to be between $2.425 billion and $2.445 billion and fully diluted earnings per share to be between $6.79 and $7.19. This guidance includes an estimated $16.0 million of costs directly attributable to Key Initiatives that anticipate will be expensed in fiscal 2025. Announcement • Oct 04
Elis Reportedly to Make Rebuffed Takeover Offer for UniFirst Elis SA (ENXTPA:ELIS), the Paris-listed provider of uniform and linen cleaning services, made an informal takeover proposal to US peer UniFirst Corporation (NYSE:UNF), according to people familiar with the matter, the second move by the French company to pursue an American acquisition. Massachusetts-based UniFirst reached out to Elis to gauge its appetite for a deal after Elis’s takeover approach to rival Vestis Corporation (NYSE:VSTS) became public last month, said the people, who asked not to be identified because discussions are private. The French company made a non-binding proposal for UniFirst, whose board rejected it in recent days, and the companies aren’t currently in talks, the people said. It remains to be seen whether the interest in UniFirst, which is valued at $3.7 billion, will be revised, they said. Shares of Elis fell as much as 0.6% in October 4, 2024 morning trading. They were down 0.5% at 9:22 a.m. in Paris, giving the company a market capitalization of €4.4 billion ($4.8 billion). Representatives for Elis, UniFirst and Vestis declined to comment. Announcement • Sep 20
UniFirst Corporation Announces Executive Changes UniFirst Corporation announced the appointment of Kelly Rooney as Chief Operating Officer (COO), effective September 30, 2024. Rooney has extensive knowledge and experience in large-scale B2B route-based operations. Over her twenty-five plus year career, she has held operational and leadership roles of increasing responsibility. Her most recent position was as the Chief Human Resources Officer at Waste Management, a $20 billion public company. Rooney is returning to her roots and will oversee UniFirst’s day-to-day operations, focusing on driving growth, enhancing customer service excellence, and executing operational efficiencies. Her innovative leadership style, systematic approach, and strong customer focus have consistently yielded outstanding results throughout her career. In addition, the company has announced that Michael Croatti, Executive Vice President, will transition from his current role in November of 2024. Announcement • Sep 19
UniFirst Corporation to Report Q4, 2024 Results on Oct 23, 2024 UniFirst Corporation announced that they will report Q4, 2024 results at 9:30 AM, US Eastern Standard Time on Oct 23, 2024 Upcoming Dividend • Aug 30
Upcoming dividend of US$0.33 per share Eligible shareholders must have bought the stock before 06 September 2024. Payment date: 27 September 2024. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of American dividend payers (4.4%). Lower than average of industry peers (1.1%). Recent Insider Transactions Derivative • Aug 02
Independent Director notifies of intention to sell stock Michael Iandoli intends to sell 4k shares in the next 90 days after lodging an Intent To Sell Form on the 31st of July. If the sale is conducted around the recent share price of US$194, it would amount to US$788k. Since December 2023, Michael has owned 4.98k shares directly. Company insiders have collectively sold US$9.4m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions Derivative • Jul 19
Executive Vice President of Operations notifies of intention to sell stock William Ross intends to sell 3k shares in the next 90 days after lodging an Intent To Sell Form on the 17th of July. If the sale is conducted around the recent share price of US$183, it would amount to US$462k. Since December 2023, William's direct individual holding has decreased from 1.64k shares to 65.00. Company insiders have collectively sold US$8.9m more than they bought, via options and on-market transactions in the last 12 months. Buy Or Sell Opportunity • Jul 17
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 19% to US$185. The fair value is estimated to be US$153, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.8% over the last 3 years. Earnings per share has declined by 9.1%. Revenue is forecast to grow by 7.5% in 2 years. Earnings are forecast to grow by 25% in the next 2 years. Declared Dividend • Jul 15
Third quarter dividend of US$0.33 announced Shareholders will receive a dividend of US$0.33. Ex-date: 6th September 2024 Payment date: 27th September 2024 Dividend yield will be 0.8%, which is lower than the industry average of 1.2%. Payout Ratios Payout ratio: 19%. Cash payout ratio: 26%. Announcement • Jul 12
UniFirst Corporation Declares Regular Cash Dividends, Payable on September 27, 2024 The Board of Directors of UniFirst Corporation declared regular quarterly cash dividends of $0.330 per share (33.0 cents) on the Company's Common Stock and $0.264 per share (26.4 cents) on the Company's Class B Common Stock. Both dividends are payable on September 27, 2024 to shareholders of record on September 6, 2024. Buy Or Sell Opportunity • Jul 01
Now 3.8% overvalued after recent price rise Over the last 90 days, the stock has risen 3.5% to US$172. The fair value is estimated to be US$165, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.8% over the last 3 years. Earnings per share has declined by 9.1%. Revenue is forecast to grow by 7.5% in 2 years. Earnings are forecast to grow by 25% in the next 2 years. Recent Insider Transactions • Jun 27
Insider recently sold US$1.5m worth of stock On the 21st of June, Cecelia Levenstein sold around 10k shares on-market at roughly US$153 per share. This transaction amounted to 17% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth US$4.0m. Insiders have been net sellers, collectively disposing of US$8.1m more than they bought in the last 12 months. Announcement • Jun 27
Unifirst Corporation Provides Earnings Guidance for the Year 2024 UniFirst Corporation provided earnings guidance for the year 2024. For the year, The company expects revenues for fiscal 2024 to be between $2.415 billion and $2.425 billion, however, and now expect fully diluted earnings per share to be between $7.17 and $7.49. 
