UniFirst Corporation, commonly known as UNF, is an American company that supplies uniforms and protective clothing. It is headquartered in Wilmington, Massachusetts, and was founded by Aldo Croatti in 1936. The company started with one man, one truck, and few customers, but today, it has grown into an industry leader, serving businesses of all types and sizes throughout the U.S., Canada, and Europe. The company's common shares trade under the symbol 'UNF' on the New York Stock Exchange.
UniFirst's operating model includes providing, cleaning, and delivering employee uniforms as well as other workplace products and services. Its offerings include traditional uniform rental and contract services, including protective clothing and cleanroom resources. In addition, the company sells a variety of garments directly to customers, many of which can be personalized and company-specific.
The strong foundation of a personalized approach to services has propelled UniFirst into industry leadership. It prides itself on investing in the latest technologies to ensure high-quality garment cleaning and finishing, delivery reliability, and trend-setting garment styles. When it comes to customer relationships, the company embraces a unique "family" culture that puts customers at the center of everything they do.
By the fiscal year 2019, UniFirst had an employee strength of over 14,000 team partners who manage around 260 operational facilities, service centers, and distribution sites. Guided by the family-owned business values set down by its founder, the company ensures to foster a supportive, enjoyable, and rewarding working environment for its employees.
UniFirst is distinctively positioned in the market due to its commitment to the full work-wear lifecycle, from manufacturing to laundering to replacement. This end-to-end service makes it a convenient and efficient choice for companies across industries.
The company puts sustainability at the heart of its business operations. From recycling programs and water conservation to energy-saving initiatives, the firm's actions tie back to its commitment to environmental responsibility.
With over 80 years of experience, UniFirst continues its tradition of delivering and maintaining high-quality work uniforms while offering reliable facility service programs. As a testament to its commitment to quality and customer service, UniFirst has been repeatedly recognized for its innovation, leadership, and overall excellence in the industry. Overall, UniFirst Corporation is much more than a uniform provider; it is a reliable partner committed to enhancing the image, safety, and cleanliness of businesses.
Income statement
Balance sheet statement
Cash flow statement
Current assets / Current liabilities
Equity / Debt / Cash
Dividends
State Street Corp increased its stake in UniFirst Corporation by 2.9% in the second quarter, acquiring an additional 16,208 shares, bringing its total holding to 3.23% of the company, valued at $154.5 million. Despite this, UniFirst reported quarterly EPS of $1.09, missing analyst consensus of $1.93, though revenue increased by 3.9% year over year to $634.4 million. The stock opened down 2.7% at $257.88, and analysts maintain a consensus "Hold" rating with an average price target of $246.67, while the company also declared a quarterly dividend of $0.365 per share.
Bank of America Corp DE increased its stake in UniFirst Corporation (NYSE:UNF) by 4.3% in the second quarter, now holding 158,466 shares valued at $41.9 million. Despite this, UniFirst faces a "Hold" consensus rating from analysts, with an average price target of $246.67, and recently missed earnings estimates for its last quarter. The company announced a quarterly dividend of $0.365 per share, representing a 0.6% yield.
UniFirst Corp. has launched its new "Always U™" active workwear collection, designed to provide comfort, mobility, and modern style for frontline workers. The collection aims to fill a market gap by offering performance-driven uniforms with advanced features, including a dedicated women's line to address the growing female representation in various industries. This initiative reflects UniFirst's focus on meeting the evolving needs of active employees and businesses through an affordable managed rental program.
UniFirst (NYSE: UNF) announced that COO Kelly Rooney will voluntarily depart the company between mid to late September 2026 to pursue other career opportunities. Her departure is not related to any disagreements with the company's operations or policies, and she will not receive severance benefits. Interim operational oversight will be provided by executives Steve Chikerotis and Brian Vollant, who will report directly to CEO Steven Sintros, ensuring a managed transition in leadership.
GSA Capital Partners LLP has acquired a new stake in UniFirst Corporation (NYSE:UNF), purchasing 3,860 shares valued at approximately $1.02 million during the second quarter. This investment is part of broader institutional interest, with several other hedge funds and institutional investors also adjusting their holdings in the company. UniFirst recently reported quarterly earnings that missed analyst expectations but revenue that exceeded estimates, and the company also declared a quarterly dividend.
Alberta Investment Management Corp recently acquired 20,000 shares of UniFirst Corporation (NYSE:UNF) for approximately $5.3 million, giving them a 0.11% stake in the company. Institutional investors collectively own 78.17% of UniFirst. Despite reporting strong revenue growth, UniFirst missed earnings per share estimates, and analysts currently maintain a "Hold" rating on the stock with a price target below its current trading price.