What to Expect From UniFirst's Upcoming Earnings
Uniform rental and business services provider UniFirst (NYSE: UNF) is on deck to report first-quarter fiscal 2020 results on Jan. 8 before the markets open for trading. The Wilmington, Massachusetts-headquartered garment and textiles giant enjoyed a 41% leap in its stock price in 2019. Can it maintain its drive over the coming 12 months?
Below, let's briefly walk through key details that may influence UniFirst's shares when it releases its first scorecard of 2020 next week.
UniFirst improved revenue by 6.7% to $1.81 billion in fiscal 2019. This fast growth rate was anchored by the company's core laundry operations, which grew year-over-year revenue by 6.1%. Laundry operations make up 89% of total company sales; the smaller specialty garments and first aid divisions advanced annual revenue by 21.1% and 11.1%, respectively.
Source Fool.com
