UNIFIRST CORPORATION
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.43B | $2.43B | $2.23B | $2.00B | $1.83B | $1.80B | $1.81B | $1.70B |
| Cost of Revenue | $1.54B | $1.58B | $1.48B | $1.31B | $1.14B | $1.16B | $1.14B | $1.06B |
| Gross Profit | $890.0M | $847.6M | $751.8M | $694.4M | $684.9M | $639.2M | $670.2M | $639.8M |
| Gross Margin | 36.6% | 34.9% | 33.7% | 34.7% | 37.5% | 35.4% | 37.0% | 37.7% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $565.1M | $522.6M | $496.9M | $451.2M | $383.2M | $361.8M | $334.8M | $360.7M |
| Operating Income | $184.5M | $183.6M | $133.6M | $134.4M | $195.8M | $172.7M | $232.0M | $182.4M |
| Operating Margin | 7.6% | 7.6% | 6.0% | 6.7% | 10.7% | 9.6% | 12.8% | 10.8% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $195.4M | $189.4M | $138.8M | $134.3M | $196.9M | $177.9M | $237.9M | $187.2M |
| Income Tax Expense | $47.1M | $43.9M | $35.2M | $30.9M | $45.8M | $42.1M | $58.8M | $23.4M |
| Net Income | $148.3M | $145.5M | $103.7M | $103.4M | $151.1M | $135.8M | $179.1M | $163.9M |
| Net Margin | 6.1% | 6.0% | 4.6% | 5.2% | 8.3% | 7.5% | 9.9% | 9.7% |
| EPS (Basic) | — | — | — | — | — | — | — | — |
| EPS (Diluted) | $7.98 | $7.77 | $5.53 | $5.46 | $7.94 | $7.13 | $9.33 | $8.21 |
| Shares Outstanding (Basic) | 18.5M | 18.7M | 18.7M | 18.8M | 18.9M | 18.9M | 19.1M | 19.8M |
| Shares Outstanding (Diluted) | 18.6M | 18.7M | 18.8M | 18.9M | 19.0M | 19.0M | 19.2M | 20.0M |
| Dividends Per Share | — | — | — | — | — | — | — | — |