Meanwhile, the company reported steady revenue growth in the second quarter (Q2) of FY26 ended February 28, with consolidated revenues rising 3.4 per cent year-on-year (YoY) to $622.5 million from $602.2 million in the same period last year, driven by organic growth in its core Uniform & Facility Service Solutions segment.
UniFirst reaffirmed its acquisition by Cintas, expected to close in the second half of 2026.
It reported a 3.4 per cent rise YoY in Q2 FY26 revenue to $622.5 million, driven by core segment growth.
However, profits declined due to investments and additional costs.
CEO Sintros highlighted operational efficiency gains and strong customer loyalty supported by its service-driven model.
Steven Sintros, president and CEO of UniFirst, said, “We delivered solid results in the second quarter as we continued to take meaningful actions to invest in growth and deliver operational efficiencies.”
He added that the company’s differentiated, service-driven model continues to build loyalty among both new and existing customers, as they recognise its commitment to reliability, accountability and long-term relationships.
Operating income fell to $26 million from $31.2 million a year earlier, while net income dropped to $20.5 million from $24.5 million and diluted earnings per share (EPS) was $1.13 compared to $1.31 in the prior year period. The operating margin narrowed to 4.2 per cent from 5.2 per cent, reflecting planned investments in growth and digital transformation initiatives, UniFirst said in a press release.
“Our accomplishments continue to be made possible by our thousands of team partners across the business. I am thankful for their dedication to UniFirst and each other, which helps us win with customers every day,” added Sintros.
Segment-wise, the Uniform & Facility Service Solutions business posted a 3.2 per cent rise in revenues to $568.8 million, supported by improved customer retention and higher account acquisitions. However, margins in the segment declined due to ongoing investments and additional costs linked to strategic and employee-related matters.
The company’s results were also affected by costs related to its enterprise resource planning project and additional expenses tied to shareholder engagement and legal matters, added the release.
Fibre2Fashion News Desk (SG)
