UniFirst Corporation reported its financial results for the third quarter ended May 31, 2025, on July 2, 2025. Consolidated revenues for the quarter were $610.8 million, an increase of 1.2% compared to $603.3 million in the prior year period. Net income was $39.7 million, or $2.13 per diluted share, which included a $2.8 million gain on the sale of a non-operating property.
Core Laundry Operations' operating and Adjusted EBITDA margins in Q3 FY2025 were relatively consistent with the prior year, benefiting from lower merchandise and production costs, but offset by higher healthcare claims expense and approximately $5.7 million of advisory and legal costs for strategic and employee matters. Key Initiative costs for the quarter were $1.0 million.
UniFirst maintained its annual revenue guidance for fiscal year 2025 within the range of $2.422 billion to $2.432 billion. However, the company raised its diluted earnings per share guidance to a range of $7.60 to $8.00. This adjustment reflects an updated assumption that Key Initiative costs expensed in fiscal 2025 will be approximately $7.5 million, a revision from the previous estimate of $12.0 million.
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