UniFirst Corp Q1 FY21 gross sales fall four% to $447 mn


UniFirst Corp, a North American chief within the provide and servicing of uniform and workwear programmes, reported four.zero per cent gross sales decline to $446.9 million in its first quarter (Q1) FY21 ended on November 28, 2020, in comparison with gross sales of $465.three million in identical interval earlier fiscal. Web revenue for the quarter fell $41.eight million (Q1 FY20: $48.2 million).

 

“Total, we’re happy with our first quarter outcomes which had been achieved regardless of the affect that the Covid-19 pandemic continues to have on our enterprise and the economic system as a complete. As a Firm, our high priorities proceed to be the security of our worker Workforce Companions in addition to servicing our prospects, lots of whom are crucial to holding our communities up and operating,” Steven Sintros, UniFirst president and chief government officer, stated in a press launch.

 

Value of revenues had been right down to $275.eight million ($289.three million). Firm’s working revenue in Q1 fell 6.7 per cent to $56.zero million ($60.zero million).  

 

Throughout Q1 FY21, revenues for core laundry operations phase decreased 5.6 per cent to $393.2 million primarily because of the continued affect of the Covid-19 pandemic on our prospects’ operations and wearer ranges.

 

Revenues for specialty clothes jumped 14.2 per cent to $38.1 million attributable to increased direct gross sales and project-related work within the US and Canadian nuclear operations in addition to progress in our cleanroom operations.

Fibre2Fashion Information Desk (JL)

UniFirst Corp, a North American chief within the provide and servicing of uniform and workwear programmes, reported four.zero per cent gross sales decline to $446.9 million in its first quarter (Q1) FY21 ended on November 28, 2020, in comparison with gross sales of $465.three million in identical interval earlier fiscal. Web revenue for the quarter fell $41.eight million (Q1 FY20: $48.2 million).





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