Home / Knowledge / News / Apparel/Garments / FY16 net income flat at Unifirst Corp
FY16 net income flat at Unifirst Corp
31
Oct '16
Courtesy: Unifirst
Courtesy: Unifirst
For the fiscal ended August 27, 2016, net income at uniforms and workwear provider Unifirst Corp was flat from a fiscal ago period at $124.3 million. These results include the positive effect of a settlement, resulting in a $15.9 million gain in the fourth fiscal quarter. Excluding the effect of this settlement, full fiscal net income was $115.3 million.

While revenues for fiscal 2016 were $1.468 billion, a rise of 0.8 per cent over fiscal 2015.

Net income for the fourth fiscal quarter was $35.5 million, down from net income of $28.9 million in the prior fiscal's fourth quarter.

Revenues for the reporting quarter totalled $363.8 million, an increase of 1.3 per cent from $359.2 million in the same quarter of the earlier fiscal.

Unifirst said it continues to maintain a strong balance sheet with no long-term debt and increasing cash balances.

Net cash provided by operating activities for fiscal 2016 amounted to $207.6 million and cash and equivalents at the end of the fiscal under review reached $363.8 million, up from $276.6 million at the end of fiscal 2015. (AR)

Fibre2Fashion News Desk – India


Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 7th Jul 2020

Sri Lanka initiates digital promotions to revive exports

The Sri Lanka Export Development Board (EDB) recently implemented a...

Pic: Shutterstock

Textiles | On 7th Jul 2020

US textiles & apparel imports down 25.8% in Jan-May 2020

The import of textiles and apparel by the United States decreased by...

Pic: Peter_Fleming / Shutterstock.com

Retail | On 7th Jul 2020

Primark to place £1 bn orders for autumn/winter season

With the reopening of its retail stores, Primark has now placed...

Interviews View All

Cyril Pereira, Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Sunil Rathore, Lacoste India

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Amrit Sethia, SOIE

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Harsh Shah,

Harsh Shah

Fynd is the central online shopping destination for fashion, offering...

Fiorella Cattelan,

Fiorella Cattelan

With flexibility and versatility, Dettin strives to meet the specific...

Paolo Crespi,

Paolo Crespi

Japan's Epson, a leader in digital textile printing, Italy's For.Tex, a...

Giulio Cesareo, Directa Plus

Giulio Cesareo
Directa Plus

UK-based Directa Plus is one of the largest producers and suppliers...

Sachin Pendharkar, Dieffenbacher India Pvt Ltd

Sachin Pendharkar
Dieffenbacher India Pvt Ltd

Germany-based Dieffenbacher Group is a producer of high-quality composites ...

Shujaul Rehman, Garware Technical Fibres

Shujaul Rehman
Garware Technical Fibres

Garware Technical Fibres Ltd (formerly Garware-Wall Ropes Ltd) is a...

Yash P. Kotak, Bombay Hemp Company

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Chandani Sahi, By Chandani

Chandani Sahi
By Chandani

By Chandani is a womenswear prêt couture brand with fusion silhouettes by...

Jay Ramrakhiani, Occasions Elegance Wear

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


July 2020

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search