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UniFirst core laundry business up 26.1% for Q1 fiscal
04 Jan '08
3 min read
The Company's Specialty Garments segment, which includes our nuclear and cleanroom operations, had income from operations of $2.1 million for the first quarter of fiscal 2008, down from $2.9 million in the first quarter of fiscal 2007.
This decrease was primarily the result of higher merchandise amortization and other costs associated with a number of new customer installations.
The Company's First Aid segment broke even in the first quarter of fiscal 2008 compared to the first quarter of fiscal 2007 when it generated income from operations of $0.6 million.
The decline in profitability is due to higher merchandise costs as well as organizational and operational changes that have resulted in additional costs and minor sales disruptions in the short term.
"We're off to a strong start in fiscal 2008", said UniFirst President and Chief Executive Officer, Ronald D. Croatti.
"Our core laundry operations continued to lead the way in generating both revenue and profit growth. In light of the challenging economic conditions, we are very pleased with the results we have been able to achieve thus far."
The Company will hold a conference call at 4:00 PM (EST) to discuss its quarterly financial results, business highlights and outlook. A simultaneous live webcast of the call will be available over the Internet and can be accessed.
This decrease was primarily the result of higher merchandise amortization and other costs associated with a number of new customer installations.
The Company's First Aid segment broke even in the first quarter of fiscal 2008 compared to the first quarter of fiscal 2007 when it generated income from operations of $0.6 million.
The decline in profitability is due to higher merchandise costs as well as organizational and operational changes that have resulted in additional costs and minor sales disruptions in the short term.
"We're off to a strong start in fiscal 2008", said UniFirst President and Chief Executive Officer, Ronald D. Croatti.
"Our core laundry operations continued to lead the way in generating both revenue and profit growth. In light of the challenging economic conditions, we are very pleased with the results we have been able to achieve thus far."
The Company will hold a conference call at 4:00 PM (EST) to discuss its quarterly financial results, business highlights and outlook. A simultaneous live webcast of the call will be available over the Internet and can be accessed.
UniFirst Corporation
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