Revenue Update on UniFirst Corp(NYSE:UNF)

UniFirst Corp(NYSE:UNF) announced the earnings results for Fiscal Year 2016 and Q3. The results came in during Pre-market on Jun 29, 2016. Company reported revenue of $367.80M. Analysts estimated a revenue of $366.38M. Earnings per share were $1.49. Analysts had estimated an EPS of $1.35.

UniFirst Corp (UNF) shares turned negative on Fridays trading session with the shares closing down -0.99 points or -0.86% at a volume of 1,40,654. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $116.61. The peak price level was also seen at $116.61 while the days lowest was $113.74. Finally the shares closed at $114.73. The 52-week high of the shares is $119.46 while the 52-week low is $96.9. According to the latest information available, the market cap of the company is $2,311 M.

Several Insider Transactions has been reported to the SEC. On Jun 27, 2016, David A Difillippo (Senior VP of Operations) sold 1,267 shares at $109.00 per share price.Also, On Jun 21, 2016, Steven S Sintros (Senior VP of Finance and CFO) sold 1,070 shares at $113.16 per share price.On Apr 20, 2016, Kathleen M Camilli (director) sold 91 shares at $112.55 per share price, according to the Form-4 filing with the securities and exchange commission.

UniFirst Corporation (UniFirst) is a provider of workplace uniforms and protective work wear clothing in the United States. The Company designs manufactures personalizes rents cleans delivers and sells a range of uniforms and protective clothing including shirts pants jackets coveralls lab coats smocks aprons and specialized protective wear such as flame resistant and high visibility garments. The Company operates in five reporting segments: US and Canadian Rental and Cleaning Manufacturing (MFG) Specialty Garments Rental and Cleaning (Specialty Garments) First Aid and Corporate. It also rents industrial wiping products floor mats facility service products other non-garment items and provides restroom and cleaning supplies and first aid cabinet services and other safety supplies to a variety of manufacturers retailers and service companies. It serves businesses of all sizes in numerous industry categories.

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