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UniFirst Corporation Fiscal Second-Quarter Misses on Margin Pressure

UniFirst Corporation Fiscal Second-Quarter Misses on Margin Pressure

UniFirst reported fiscal second-quarter adjusted EPS of $1.27, which were flat year-over-year and below both our $1.36 estimate and the $1.39 Street consensus. The miss was mainly driven by margin pressure, as multiple factors, such as increased natural gas prices, elevated bad debt expense, and lost leverage in the Specialty Garments business, all hit at

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