Don’t Bet On A Rebound In Unifirst, Yet
Growing Pains Cut Into Unifirst ResultsUnifirst (NYSE:UNF) has been working hard to grow its business in an effort to compete more directly with uniform and business services company Cintas (NASDAQ:CTAS). Looking at the top line, those efforts are paying off but it is costing the company on the bottom line. The bottom-line results, and the guidance, reveal not only the impact of aggressive internal efforts to retain employees, and clients, and expand the brand but the impacts of inflation as well. In our view, Unifirst is well-positioned for the times but now isn’t the right time to buy into t...