US uniform rental firm Unifirst Corp achieves sales of $1.8 bn in FY21

26 Oct '21

1 min read

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UniFirst Corp, a North American leader in supply and servicing of uniform and workwear programmes, has reported a 1.2 per cent sales growth to $1.8 billion in the FY21 ended on August 28, 2021, compared to the previous fiscal. The company’s net income for the three-month period went up 11.3 per cent to $151.1 million (FY20: $135.8 million).

“We were very pleased with our financial performance for fiscal 2021. We were proud that through the solid execution of our team partners we were able to continue our long track record of growing our annual revenues despite the lingering effects of the pandemic,” Steven Sintros, UniFirst president and chief executive officer, said in a press release.

The revenues from core laundry operations during FY21 marginally improved by 0.9 per cent to $1.6 billion, whereas specialty garments revenues improved by 9.2 per cent to $145.4 million ($133.2 million).

“For fiscal 2022, we expect our revenues to be between $1.920 billion and $1.945 billion. However, this guidance includes $38 million of transitionary investment costs directly attributable to key initiatives,” Sintros added.

Fibre2Fashion News Desk (JL)

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