UNF UniFirst Corp

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): October 18, 2023

 

UNIFIRST CORPORATION

(Exact name of registrant as specified in its charter)

Massachusetts	001-08504		04-2103460
(State or other jurisdiction of incorporation)	(Commission File Number)		(IRS Employer Identification No.)
68 Jonspin Road, Wilmington, Massachusetts		01887
(Address of Principal Executive Offices)		(Zip Code)

Registrant’s Telephone Number, Including Area Code: (978) 658-8888

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class	Trading symbol(s)	Name of each exchange on which registered
Common Stock, $0.10 par value per share	UNF	New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

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Item 2.02 Results of Operations and Financial Condition.

On October 18, 2023, UniFirst Corporation (the “Company”) issued a press release (“Press Release”) announcing financial results for the fourth quarter and full year of fiscal 2023, which ended on August 26, 2023. A copy of the Press Release is attached as Exhibit 99 to this Current Report on Form 8-K and is incorporated herein by reference.

 

The information in this Item 2.02, including the exhibit attached hereto, shall not be deemed “filed” for any purpose, including for purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act") or otherwise subject to the liabilities of that Section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, regardless of any general incorporation language in such filing.

 

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

 

Exhibit Number		Description
99		Press release of the Company dated October 18, 2023
104		Cover Page Interactive Data File (embedded within the Inline XBRL document).

 

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

		UNIFIRST CORPORATION
Date: October 18, 2023		By:	/s/ Steven S. Sintros
			Steven S. Sintros
			President and Chief Executive Officer
		By:	/s/ Shane O’Connor
			Shane O’Connor
			Executive Vice President and Chief Financial Officer

 

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Exhibit 99

Investor Relations Contact

Shane O’Connor, Executive Vice President & CFO

UniFirst Corporation

978-658-8888

shane_oconnor@unifirst.com

 

 

 

UNIFIRST ANNOUNCES FINANCIAL RESULTS FOR THE FOURTH QUARTER AND FULL FISCAL YEAR OF FISCAL 2023

Wilmington, MA – October 18, 2023 – UniFirst Corporation (NYSE: UNF) (the “Company,” “UniFirst” or “we”) today reported results for its fourth quarter and full year ended August 26, 2023, as compared to the corresponding periods in the prior fiscal year:

Q4 2023 Financial Highlights

The Company’s financial results for the fourth quarters of fiscal 2023 and 2022 included $6.1 million and $9.1 million, respectively, of costs directly attributable to its CRM, ERP and branding initiatives (the “Key Initiatives”). In addition, the Company incurred costs during the fourth quarter of fiscal 2023 related to its acquisition of Clean Uniform of approximately $0.3 million. The effect of these items on the fourth quarters of fiscal 2023 and 2022 combined to decrease:

 

Fiscal 2023 Financial Highlights

The Company’s financial results for the full years of fiscal 2023 and 2022 included $33.6 million and $33.1 million, respectively, of costs directly attributable to its Key Initiatives. In addition, the Company incurred costs during the full year of fiscal 2023 related to the acquisition of Clean Uniform of approximately $3.0 million. The effect of these items on the full years of fiscal 2023 and 2022 combined to decrease:

 

Steven Sintros, UniFirst President and Chief Executive Officer, said, “I am pleased to report that we closed the year with a fourth quarter that modestly exceeded our expectations in terms of top and bottom-line performance. We accomplished a lot as a team in fiscal 2023 that will help strengthen our company as we move forward; growing our business, implementing new technology and closing on our mid-year acquisition of Clean Uniform. I want to thank our nearly 16,000 Team Partners who continue to Always Deliver for each other and our customers as we strive towards our vision of being universally recognized as the best service provider in the industry.”

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Segment Reporting Highlights

Core Laundry Operations

 

The costs incurred related to the Key Initiatives and Clean Uniform acquisition, discussed above, were recorded to the Core Laundry Operations' segment, and decreased both the Core Laundry Operations' operating and EBITDA margin for the fourth quarters of fiscal 2023 and 2022 by 1.3% and 2.0%, respectively.

 

The segment's operating and EBITDA margins were further impacted by higher merchandise, payroll and payroll-related costs partially offset by lower energy and legal costs as a percentage of revenues. The purchase accounting for the recent Clean Uniform acquisition further impacted the segment’s operating margin, most notably in the form of elevated non-cash acquisition-related intangibles amortization.

Specialty Garments

Balance Sheet and Capital Allocation

 

Financial Outlook

 

Mr. Sintros continued, “For fiscal 2024, we expect our revenues to be between $2.415 billion and $2.435 billion and fully diluted earnings per share to be between $6.52 and $7.16. This guidance includes $16.0 million of costs directly attributable to our Key Initiatives that we anticipate will be expensed in fiscal 2024. Our guidance for fiscal 2024 also includes one extra week of operations compared to fiscal 2023 due to the timing of our fiscal calendar. Please note the following regarding our guidance:

 

 

 

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Conference Call Information

UniFirst Corporation will hold a conference call today at 9:00 a.m. (ET) to discuss its quarterly and full year financial results, business highlights and outlook. A simultaneous live webcast of the call will be available over the Internet and can be accessed at www.unifirst.com.

About UniFirst Corporation

Headquartered in Wilmington, Mass., UniFirst Corporation (NYSE: UNF) is a North American leader in the supply and servicing of uniform and workwear programs, facility service products, as well as first aid and safety supplies and services. Together with its subsidiaries, the Company also manages specialized garment programs for the cleanroom and nuclear industries. In addition to partnering with leading brands, UniFirst manufactures its own branded workwear, protective clothing, and floorcare products at its five company-owned ISO-9001-certified manufacturing facilities. With more than 270 service locations, over 300,000 customer locations, and 16,000-plus employee Team Partners, the Company outfits more than 2 million workers every day. For more information, contact UniFirst at 888.296.2740 or visit UniFirst.com.

Forward-Looking Statements Disclosure

This public announcement contains forward-looking statements within the meaning of the federal securities laws that reflect the Company’s current views with respect to future events and financial performance, including projected revenues, operating margin and earnings per share. Forward-looking statements contained in this public announcement are subject to the safe harbor created by the Private Securities Litigation Reform Act of 1995 and may be identified by words such as “guidance,” “outlook,” “estimates,” “anticipates,” “projects,” “plans,” “expects,” “intends,” “believes,” “seeks,” “could,” “should,” “may,” “will,” “strategy,” “objective,” “assume,” “strive,” “design,” “assumption,” “vision” or the negative versions thereof, and similar expressions and by the context in which they are used. Such forward-looking statements are based upon our current expectations and speak only as of the date made. Such statements are highly dependent upon a variety of risks, uncertainties and other important factors that could cause actual results to differ materially from those reflected in such forward-looking statements. Such factors include, but are not limited to, uncertainties caused by an economic recession or other adverse economic conditions, including, without limitation, as a result of continued high inflation rates or further increases in inflation or interest rates or extraordinary events or circumstances such as geopolitical conflicts like the conflict between Russia and Ukraine, a disruption in the Middle East or the COVID-19 pandemic, and their impact on our customers’ businesses and workforce levels, disruptions of our business and operations, including limitations on, or closures of, our facilities, or the business and operations of our customers or suppliers in connection with extraordinary events or circumstances such as the COVID-19 pandemic, uncertainties regarding our ability to consummate acquisitions and successfully integrate acquired businesses, including Clean Uniform, and the performance of such businesses, uncertainties regarding any existing or newly-discovered expenses and liabilities related to environmental compliance and remediation, any adverse outcome of pending or future contingencies or claims, our ability to compete successfully without any significant degradation in our margin rates, seasonal and quarterly fluctuations in business levels, our ability to preserve positive labor relationships and avoid becoming the target of corporate labor unionization campaigns that could disrupt our business, the effect of currency fluctuations on our results of operations and financial condition, our dependence on third parties to supply us with raw materials, which such supply could be severely disrupted as a result of extraordinary events or circumstances such as the conflict between Russia and Ukraine, any loss of key management or other personnel, increased costs as a result of any changes in federal, state, international or other laws, rules and regulations or governmental interpretation of such laws, rules and regulations, uncertainties regarding, or adverse impacts from continued high price levels of natural gas, electricity, fuel and labor or increases in such costs, the negative effect on our business from sharply depressed oil and natural gas prices, the continuing increase in domestic healthcare costs, increased workers’ compensation claim costs, increased healthcare claim costs, our ability to retain and grow our customer base, demand and prices for our products and services, fluctuations in our Specialty Garments business, political or other instability, supply chain disruption or infection among our employees in Mexico and Nicaragua where our principal garment manufacturing plants are located, our ability to properly and efficiently design, construct, implement and operate a new customer relationship management computer system, interruptions or failures of our information technology systems, including as a result of cyber-attacks, additional professional and internal costs necessary for compliance with any changes in or additional Securities and Exchange Commission (the “SEC”), New York Stock Exchange and accounting or other rules, including, without limitation, recent rules proposed by the SEC regarding climate-related and cybersecurity-related disclosures, strikes and unemployment levels, our efforts to evaluate and potentially reduce internal costs, economic and other developments associated with the war on terrorism and its impact on the economy, the impact of foreign trade policies and tariffs or other impositions on imported goods on our business, results of operations and financial condition, general economic conditions, our ability to successfully implement our business strategies and processes, including our capital allocation strategies, our ability to successfully remediate the material weakness in internal control over financial reporting disclosed in our Annual Report on Form 10-K for the year ended August 27, 2022 and the other factors described under Part I, Item 1A. “Risk Factors” and elsewhere in our Annual Report on Form 10-K for the year ended August 27, 2022, Part II, Item 1A. “Risk Factors” and elsewhere in our subsequent Quarterly

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Reports on Form 10-Q and in our other filings with the SEC. We undertake no obligation to update any forward-looking statements to reflect events or circumstances arising after the date on which they are made.

 

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Consolidated Statements of Income

(Unaudited)

 

 

(In thousands, except per share data)		Thirteen weeks ended August 26, 2023				Thirteen weeks ended August 27, 2022				Fifty-two weeks ended August 26, 2023				Fifty-two weeks ended August 27, 2022
Revenues		$	571,890			$	516,414			$	2,233,047			$	2,000,822
Operating expenses:
Cost of revenues (1)			378,009				336,872				1,481,296				1,306,451
Selling and administrative expenses (1)			124,685				118,258				496,915				451,243
Depreciation and amortization			33,118				28,033				121,233				108,777
Total operating expenses			535,812				483,163				2,099,444				1,866,471
Operating income			36,078				33,251				133,603				134,351
Other (income) expense:
Interest income, net			(385	)			(1,112	)			(6,738	)			(2,851	)
Other (income) expense, net			(22	)			1,116				1,504				2,877
Total other (income) expense, net			(407	)			4				(5,234	)			26
Income before income taxes			36,485				33,247				138,837				134,325
Provision for income taxes			8,854				7,066				35,163				30,921
Net income		$	27,631			$	26,181			$	103,674			$	103,404
Income per share – Basic:
Common Stock		$	1.53			$	1.45			$	5.77			$	5.71
Class B Common Stock		$	1.23			$	1.16			$	4.62			$	4.57
Income per share – Diluted:
Common Stock		$	1.47			$	1.39			$	5.53			$	5.46
Income allocated to – Basic:
Common Stock		$	23,222			$	21,978			$	87,104			$	86,844
Class B Common Stock		$	4,409			$	4,203			$	16,570			$	16,560
Income allocated to – Diluted:
Common Stock		$	27,631			$	26,181			$	103,674			$	103,404
Weighted average shares outstanding – Basic:
Common Stock			15,133				15,135				15,098				15,203
Class B Common Stock			3,590				3,621				3,590				3,621
Weighted average shares outstanding – Diluted:
Common Stock			18,790				18,846				18,762				18,933

 

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Condensed Consolidated Balance Sheets

(Unaudited)

 

 

(In thousands)		August 26, 2023				August 27, 2022
Assets
Current assets:
Cash and cash equivalents		$	79,443			$	376,399
Short-term investments			10,157				—
Receivables, net			279,078				249,198
Inventories			148,334				151,459
Rental merchandise in service			248,323				219,392
Prepaid taxes			20,907				25,523
Prepaid expenses and other current assets			53,876				41,921
Total current assets			840,118				1,063,892
Property, plant and equipment, net			756,540				665,119
Goodwill			647,900				457,259
Customer contracts and other intangible assets, net			145,618				84,973
Deferred income taxes			567				498
Operating lease right-of-use assets, net			62,565				50,050
Other assets			116,667				106,181
Total assets		$	2,569,975			$	2,427,972
Liabilities and shareholders’ equity
Current liabilities:
Accounts payable		$	92,730			$	82,131
Accrued liabilities			156,408				146,808
Accrued taxes			352				1,204
Operating lease liabilities, current			17,739				13,602
Total current liabilities			267,229				243,745
Long-term liabilities:
Accrued liabilities			121,682				123,979
Accrued and deferred income taxes			130,084				106,307
Operating lease liabilities			47,020				38,070
Total long-term liabilities			298,786				268,356
Shareholders’ equity:
Common Stock			1,510				1,508
Class B Common Stock			359				359
Capital surplus			99,303				93,131
Retained earnings			1,926,549				1,845,163
Accumulated other comprehensive loss			(23,761	)			(24,290	)
Total shareholders’ equity			2,003,960				1,915,871
Total liabilities and shareholders’ equity		$	2,569,975			$	2,427,972

 

 

 

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Detail of Operating Results

(Unaudited)

 

 

 

		Thirteen weeks ended August 26, 2023													Thirteen weeks ended August 27, 2022
		Core Laundry			Specialty			First							Core Laundry			Specialty			First
		Operations			Garments			Aid			Total				Operations			Garments			Aid			Total
Revenues		$	505,022		$	41,421		$	25,447		$	571,890			$	458,561		$	36,665		$	21,188		$	516,414
Revenue Growth %			10.1	%		13.0	%		20.1	%		10.7	%
Operating Income (Loss) (1), (2)		$	30,198		$	6,805		$	(925	)	$	36,078			$	29,027		$	4,018		$	206		$	33,251
Operating Margin			6.0	%		16.4	%		-3.6	%		6.3	%			6.3	%		11.0	%		1.0	%		6.4	%
EBITDA (1), (2)		$	61,685		$	7,840		$	(307	)	$	69,218			$	54,321		$	5,017		$	830		$	60,168
EBITDA Margin			12.2	%		18.9	%		-1.2	%		12.1	%			11.8	%		13.7	%		3.9	%		11.7	%

 

 

 

		Fifty-two weeks ended August 26, 2023													Fifty-two weeks ended August 27, 2022
		Core Laundry			Specialty			First							Core Laundry			Specialty			First
		Operations			Garments			Aid			Total				Operations			Garments			Aid			Total
Revenues		$	1,961,189		$	177,034		$	94,824		$	2,233,047			$	1,770,502		$	152,885		$	77,435		$	2,000,822
Revenue Growth %			10.8	%		15.8	%		22.5	%		11.6	%
Operating Income (Loss) (3), (4)		$	98,666		$	37,488		$	(2,551	)	$	133,603			$	110,710		$	23,658		$	(17	)	$	134,351
Operating Margin			5.0	%		21.2	%		-2.7	%		6.0	%			6.3	%		15.5	%		0.0	%		6.7	%
EBITDA (3), (4)		$	211,439		$	41,508		$	385		$	253,332			$	210,035		$	27,755		$	2,461		$	240,251
EBITDA Margin			10.8	%		23.4	%		0.4	%		11.3	%			11.9	%		18.2	%		3.2	%		12.0	%

 

 

 

 

 

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Consolidated Statements of Cash Flows

(Unaudited)

 

 

(In thousands)		Fifty-two weeks ended August 26, 2023				Fifty-two weeks ended August 27, 2022
Cash flows from operating activities:
Net income		$	103,674			$	103,404
Adjustments to reconcile net income to cash provided by operating activities:
Depreciation and amortization (1)			121,233				108,777
Share-based compensation			9,063				9,103
Accretion on environmental contingencies			1,036				596
Accretion on asset retirement obligations			923				970
Deferred income taxes			22,143				20,008
Other			1,020				(993	)
Changes in assets and liabilities, net of acquisitions:
Receivables, less reserves			(21,714	)			(40,626	)
Inventories			4,001				(8,148	)
Rental merchandise in service			(20,847	)			(36,597	)
Prepaid expenses and other current assets and Other assets			(7,057	)			9,250
Accounts payable			10,111				(927	)
Accrued liabilities			(12,762	)			(31,517	)
Prepaid and accrued income taxes			4,938				(10,651	)
Net cash provided by operating activities			215,762				122,649
Cash flows from investing activities:
Acquisition of businesses, net of cash acquired			(306,193	)			(44,203	)
Capital expenditures, including capitalization of software costs			(171,991	)			(144,319	)
Purchases of investments			(117,012	)			—
Maturities of investments			107,000				—
Proceeds from sale of assets			549				2,015
Net cash used in investing activities			(487,647	)			(186,507	)
Cash flows from financing activities:
Payment of deferred financing costs			(851	)			—
Proceeds from exercise of share-based awards			3				(167	)
Taxes withheld and paid related to net share settlement of equity awards			(2,891	)			(4,068	)
Repurchase of Common Stock			—				(44,412	)
Payment of cash dividends			(22,100	)			(20,791	)
Net cash used in financing activities			(25,839	)			(69,438	)
Effect of exchange rate changes			768				(3,173	)
Net decrease in cash and cash equivalents			(296,956	)			(136,469	)
Cash and cash equivalents at beginning of period			376,399				512,868
Cash and cash equivalents at end of period		$	79,443			$	376,399

 

 

 

 

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Reconciliation of GAAP to Non-GAAP Financial Measures

The Company reports its consolidated financial results in accordance with generally accepted accounting principles (“GAAP”). To supplement the Company’s consolidated financial results in this press release, the Company also presents EBITDA and EBITDA margin, which are non-GAAP financial measures. The Company defines EBITDA as net income before interest, income taxes, depreciation and amortization. EBITDA margin is defined as EBITDA for a period divided by revenue for the same period.

The Company believes these non-GAAP financial measures provide useful supplemental information regarding the performance of the Company and its segments to both management and investors. These non-GAAP financial measures exclude certain items that may impact the comparability of the Company’s results. In addition, by excluding certain items, these non-GAAP financial measures enable management and investors to further evaluate the underlying operating performance of the Company.

Supplemental reconciliations of the Company’s consolidated net income on a GAAP basis to EBITDA and EBITDA margin, which are non-GAAP financial measures, are presented in the following table. Investors are encouraged to review the reconciliations of the non-GAAP financial measures to their most directly comparable GAAP financial measures, which are provided below. EBITDA and EBITDA margin should be considered in addition to, and not as substitutes for, or in isolation from, measures prepared in accordance with GAAP.

The Company does not allocate its provision for income taxes to its business segments and as a result, presents it in a separate column in the following tables:

	Thirteen weeks ended August 26, 2023
		Core Laundry				Specialty				First
(In thousands, except percentages)		Operations				Garments				Aid				Other				Total
Revenue		$	505,022			$	41,421			$	25,447			$	—			$	571,890
Net income		$	30,605			$	6,805			$	(925	)		$	(8,854	)		$	27,631
Provision for income taxes			—				—				—				8,854				8,854
Interest income, net			(385	)			—				—				—				(385	)
Depreciation and amortization			31,465				1,035				618				—				33,118
EBITDA		$	61,685			$	7,840			$	(307	)		$	—			$	69,218
EBITDA Margin			12.2	%			18.9	%			-1.2	%							12.1	%

 

	Thirteen weeks ended August 27, 2022
		Core Laundry				Specialty				First
(In thousands, except percentages)		Operations				Garments				Aid				Other				Total
Revenue		$	458,561			$	36,665			$	21,188			$	—			$	516,414
Net income		$	29,023			$	4,018			$	206			$	(7,066	)		$	26,181
Provision for income taxes			—				—				—				7,066				7,066
Interest income, net			(1,112	)			—				—				—				(1,112	)
Depreciation and amortization			26,410				999				624				—				28,033
EBITDA		$	54,321			$	5,017			$	830			$	—			$	60,168
EBITDA Margin			11.8	%			13.7	%			3.9	%							11.7	%

 

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	Fifty-two weeks ended August 26, 2023
		Core Laundry				Specialty				First
(In thousands, except percentages)		Operations				Garments				Aid				Other				Total
Revenue		$	1,961,189			$	177,034			$	94,824			$	—			$	2,233,047
Net income		$	103,900			$	37,488			$	(2,551	)		$	(35,163	)		$	103,674
Provision for income taxes			—				—				—				35,163				35,163
Interest income, net			(6,738	)			—				—				—				(6,738	)
Depreciation and amortization			114,277				4,020				2,936				—				121,233
EBITDA		$	211,439			$	41,508			$	385			$	—			$	253,332
EBITDA Margin			10.8	%			23.4	%			0.4	%							11.3	%

 

	Fifty-two weeks ended August 27, 2022
		Core Laundry				Specialty				First
(In thousands, except percentages)		Operations				Garments				Aid				Other				Total
Revenue		$	1,770,502			$	152,885			$	77,435			$	—			$	2,000,822
Net income		$	110,684			$	23,658			$	(17	)		$	(30,921	)		$	103,404
Provision for income taxes			—				—				—				30,921				30,921
Interest income, net			(2,851	)			—				—				—				(2,851	)
Depreciation and amortization			102,202				4,097				2,478				—				108,777
EBITDA		$	210,035			$	27,755			$	2,461			$	—			$	240,251
EBITDA Margin			11.9	%			18.2	%			3.2	%							12.0	%

 

Supplemental reconciliations of the Company’s fiscal 2024 financial outlook for consolidated net income on a GAAP basis to EBITDA and EBITDA margin, which are non-GAAP financial measures, are presented in the following table. In addition, supplemental reconciliations of the fiscal 2024 financial outlook for segments’ net income on a GAAP basis to segments’ EBITDA and EBITDA margin, which are non-GAAP financial measures, are also presented in the following table.

Investors are encouraged to review the reconciliations of the outlook for these non-GAAP measures to the outlook for their most directly comparable GAAP financial measures, which are provided below. The Company’s outlook contains forward-looking statements and information. Actual results may differ materially. See “Forward-Looking Statements Disclosure.”

 

		Fifty-three weeks ended August 31, 2024 (1)
										Specialty Garments,
						Core Laundry				First Aid, and
(In thousands, except percentages)		Consolidated				Operations				Other
Revenue		$	2,425,000			$	2,145,000			$	280,000
Net income		$	128,550			$	138,650			$	(10,100	)
Provision for income taxes			42,850				—				42,850
Interest income, net			(1,650	)			(1,650	)			—
Depreciation and amortization			138,036				131,426				6,610
EBITDA		$	307,786			$	268,426			$	39,360
EBITDA Margin			12.7	%			12.5	%			14.1	%

 

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v3.23.3

Document and Entity Information	Oct. 18, 2023
Cover [Abstract]
Document Type	8-K
Amendment Flag	false
Document Period End Date	Oct. 18, 2023
Entity Registrant Name	UNIFIRST CORP
Entity Central Index Key	0000717954
Entity Emerging Growth Company	false
Entity File Number	001-08504
Entity Incorporation, State or Country Code	MA
Entity Tax Identification Number	04-2103460
Entity Address, Address Line One	68 Jonspin Road
Entity Address, City or Town	Wilmington
Entity Address, State or Province	MA
Entity Address Postal Zip Code	01887
City Area Code	978
Local Phone Number	658-8888
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Title of each class	Common Stock, $0.10 par value per share
Trading symbol	UNF
Name of each exchange on which registered	NYSE

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