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UniFirst 2nd-quarter Profit Rises
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UNF
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WILMINGTON, Mass. (AP) — UniFirst Corp., which supplies uniforms and protective clothing, said Wednesday its fiscal second-quarter profit rose nearly 20 percent as the company cut costs to offset lower revenue.
Profit for the quarter ended Feb. 28 rose to $18.3 million, or 94 cents per share, from $15.3 million, or 79 cents per share last year.
Revenue fell 5 percent to $257.3 million from $270.3 million a year ago. Revenue was hurt by one less work week in the quarter compared with a year ago, the company said. ...
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