UniFirst Announces Q1 Results of fiscal 2021: A 4% revenue drop

Unifirst, a North American leader in workplace uniforms and protective work wear clothing in the United States, reported results for its first quarter ended November 28, 2020.

The company reported a 4% decrease of its consolidated revenue compared to the corresponding period in the prior fiscal year. According to Mr Steven Sintros, UniFirst President and Chief Executive Officer they are overall pleased with their first quarter results which were achieved despite the impact that the COVID-19 pandemic continues to have on their business and the economy as a whole. UniFirst´s top priorities continue to be the safety of their employee Team Partners as well as servicing their customers.

Mr Sintros also stated that at this time, their overall outlook in the quarters ahead remains uncertain. Recent increases in positive COVID-19 cases have caused certain states, provinces and municipalities to reimplement temporary restrictions on businesses. The impact of these or further restrictions as well as the potential positive impact of a broader vaccine distribution are currently difficult to project. As a result, they will not be providing further guidance at this time. Their solid balance sheet positions them well to meet the ongoing challenges presented by COVID-19 while continuing to invest in growth and strengthen our business.