UniFirst sees 2024 EPS $6.80-$7.16, consensus $7.54

Mr. Sintros continued, “At this time, we continue to expect our revenues for fiscal 2024 to be between $2.415 billion and $2.425 billion and fully diluted earnings per share to be between $6.80 and $7.16.” Revenue consensus $2.42B. Guidance for fiscal 2024 continues to include one extra week of operations compared to fiscal 2023 due to the timing of our fiscal quarter, and assumes: Core Laundry Operations’ operating and EBITDA margins at the midpoint of the range of 6.5% and 12.6%, respectively. A revised estimate of $12.0 million of costs directly attributable to our Key Initiatives that will be expensed in fiscal 2024 and will decrease both the Core Laundry Operations’ operating and EBITDA margins by 0.6%. An effective tax rate of 25.0%. No impact from any future share buybacks or unexpected significantly adverse economic developments.