Weak job market will be very slow to recover, UniFirst

07 Jan '10

4 min read

"We're very pleased with the results we have been able to achieve during these difficult economic times," Mr. Croatti said. "Although we believe the worst may be behind us from a job loss perspective, we're cautious with our near term outlook. Top line growth is going to be challenging as we expect that the weak job market will be very slow to recover. We also anticipate that overall expenses will increase from our first quarter and consequently reduce our margins over the remainder of fiscal 2010. On a positive note, we expect to continue producing strong cash flows which will allow us to take advantage of strategic opportunities should they arise."

UniFirst Corporation is one of the largest providers of workplace uniforms, protective clothing, and facility services products in North America. The Company employs nearly 10,000 Team Partners who serve more than 200,000 customer locations in 45 U.S. states, Canada, and Europe from over 200 customer service, distribution, and manufacturing facilities. UniFirst is a publicly held company traded on the New York Stock Exchange under the symbol UNF and is a component of the Standard & Poor's 600 Small Cap Index.

UniFirst Corporation

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