Form 8-K

8-K — UNIFIRST CORP

Accession: 0001193125-26-135782

Filed: 2026-04-01

Period: 2026-04-01

CIK: 0000717954

SIC: 7200 (SERVICES-PERSONAL SERVICES)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — unf-20260401.htm (Primary)

EX-99 (unf-ex99.htm)

GRAPHIC (img90303066_0.jpg)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K

8-K (Primary)

Filename: unf-20260401.htm · Sequence: 1

8-K

false000071795400007179542026-04-012026-04-01

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): April 1, 2026

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 Instruction 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. ☐

Item 2.02 Results of Operations and Financial Condition.

On April 1, 2026, UniFirst Corporation (the “Company”) issued a press release (“Press Release”) announcing financial results for the second quarter of fiscal 2026, which ended on February 28, 2026. 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, is furnished pursuant to Item 2.02 of Form 8-K and shall not be deemed “filed” for any purpose, including for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (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, as amended, 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

Press release of the Company dated April 1, 2026.

104

Cover Page Interactive Data File (embedded within the Inline XBRL document).

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: April 1, 2026

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

EX-99

Filename: unf-ex99.htm · Sequence: 2

EX-99

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 SECOND QUARTER OF FISCAL 2026

Wilmington, MA – April 1, 2026 – UniFirst Corporation (NYSE: UNF) (“UniFirst” or the “Company”) today reported results for its fiscal 2026 second quarter ended February 28, 2026.

Second Quarter 2026 Consolidated Results

•

Consolidated revenues increased 3.4% to $622.5 million compared to $602.2 million in the second quarter of fiscal 2025, driven by organic growth in the core Uniform & Facility Service Solutions segment.

•

Operating income and Adjusted EBITDA were $26.0 million and $66.8 million, respectively, compared to $31.2 million and $68.9 million, respectively, in the second quarter of fiscal 2025.

•

Operating margin was 4.2% compared to 5.2% in the prior year period, reflecting planned investments in growth and digital transformation initiatives.

•

Net income was $20.5 million compared to $24.5 million in the prior year period and diluted earnings per share was $1.13 compared to $1.31 in the prior year period.

•

Adjusted EBITDA margin was 10.7% compared to 11.4% in the prior year period.

•

The quarterly tax rate was 25.1% compared to 25.0% in the prior year period.

Steven Sintros, UniFirst President and Chief Executive Officer, said, “We delivered solid results in the second quarter as we continued to take meaningful actions to invest in growth and deliver operational efficiencies. Our differentiated, service-driven model continues to build loyalty amongst new and existing customers as they recognize our commitment to reliability, accountability and sustained relationships.”

Mr. Sintros continued, “Our accomplishments continue to be made possible by our thousands of Team Partners across the business. I’m thankful for their dedication to UniFirst and each other, which helps us win with customers every day.”

The Company's results for the second quarter of fiscal 2026 and 2025 included approximately $3.0 million and $1.9 million, respectively, of costs related to its enterprise resource planning project (“Key Initiative”), which is expected to enhance long-term growth, scalability, operating efficiency and profitability. In the second quarter of fiscal 2026 and 2025, these costs decreased:

•

Both operating income and Adjusted EBITDA by $3.0 million and $1.9 million, respectively.

•

Net income by $2.2 million and $1.6 million, respectively.

•

Diluted earnings per share by $0.12 and $0.09, respectively.

UniFirst's results for the second quarter of fiscal 2026 were further impacted by (1) approximately $2.0 million in costs related to shareholder engagement and proxy-related matters in connection with the Company’s 2026 annual meeting of shareholders and the proposed merger with Cintas Corporation (“Cintas”), and (2) legal expenses related to an employee matter of $2.5 million (referred to collectively as the “Strategic and Employee Matters”).

As previously announced on March 11, 2026, UniFirst and Cintas have entered into a definitive agreement under which Cintas will acquire UniFirst. Under the terms of the agreement, UniFirst shareholders will receive $155.00 in cash and 0.7720 shares of Cintas stock for each UniFirst share they own. The transaction is expected to close in the second half of calendar 2026, subject to customary closing conditions, approval by UniFirst shareholders and the receipt of certain regulatory approvals.

Segment Reporting Results

Uniform & Facility Service Solutions

•

Revenues increased 3.2% to $568.8 million compared to $551.4 million in the prior year period.

•

Organic growth, which excludes the effect of acquisitions and fluctuations in the Canadian dollar, was 2.8%.

•

As a result of the Company's strategic investments in growth, new customer account acquisitions surpassed those of the corresponding period last year, and customer retention rates also demonstrated improvement.

•

Operating margin was 4.4% compared to 5.5% in the prior period and Adjusted EBITDA margin was 11.1% compared to 12.0% in the prior period, reflecting the Company’s planned investments in growth and digital transformation initiatives. In addition, the costs incurred related to the Strategic and Employee Matters were recorded to this segment. These additional costs were partially offset by lower merchandise costs.

•

Costs related to the Company’s Key Initiative were also recorded to this segment and decreased operating and Adjusted EBITDA margins by 0.5% and 0.3% in the second quarters of fiscal 2026 and 2025, respectively.

First Aid & Safety Solutions

•

Revenues increased 12.2% to $30.8 million compared to $27.5 million in the prior year period.

•

Operating loss and Adjusted EBITDA were $1.1 million and $0.3 million, respectively.

•

The segment’s results again reflected the investments the Company has made to drive growth and improve profitability in its First Aid van business.

Other

•

Revenues for the quarter decreased 1.9% to $22.9 million compared to $23.4 million in the prior year period, reflecting the continued wind-down of a large refurbishment project and fewer reactor outages.

•

Operating income and Adjusted EBITDA were $2.2 million and $3.2 million, respectively.

•

This segment consists of its nuclear solutions. Given the cyclical and seasonal nature of the nuclear industry, this segment’s results are often affected by seasonality, the timing and duration of power reactor outages and project-based activities.

Balance Sheet and Capital Allocation

•

Cash, cash equivalents and short-term investments were $157.5 million and the Company had no long-term debt outstanding as of February 28, 2026.

•

The Company did not repurchase any shares of its Common Stock in the second quarter of fiscal 2026 and had $8.9 million remaining under its existing share repurchase authorization as of February 28, 2026.

•

The Company declared a quarterly cash dividend of $0.365 per Common Stock share on January 13, 2026.

As previously announced, due to the pending transaction with Cintas, UniFirst is no longer providing financial guidance or hosting quarterly conference calls regarding our financial results.

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 statements regarding the transaction between UniFirst and Cintas (the “Transaction”). 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,” “approximate,” 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.

The following Transaction-related factors, among others, could cause actual results to differ materially from those expressed in or implied by forward-looking statements: the occurrence of any event, change, or other circumstance that could give rise to the right of one or both of the parties to terminate the definitive merger agreement between Cintas and UniFirst; the outcome of any legal proceedings that may be instituted against Cintas or UniFirst; the possibility that the Transaction does not close when expected or at all because required regulatory, shareholder, or other approvals and other conditions to closing are not received or satisfied on a timely basis or at all (and the risk that seeking or obtaining such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the Transaction); the risk that the benefits from the Transaction may not be fully realized or may take longer to realize than expected, including as a result of changes in, or problems arising from, general economic and market conditions, interest and exchange rates, monetary policy, trade policy (including tariff levels), laws and regulations and their enforcement, and the degree of competition in the geographic and business areas in which Cintas and UniFirst operate; any failure to promptly and effectively integrate the businesses of Cintas and UniFirst; the possibility that the Transaction may be more expensive to complete than anticipated, including as a result of unexpected factors or events; reputational risk and potential adverse reactions of Cintas’ or UniFirst’s customers, employees or other business partners, including those resulting from the announcement, pendency or completion of the Transaction; the dilution caused by Cintas’ issuance of additional shares of its capital stock in connection with the Transaction; changes in the trading price of Cintas’ or UniFirst’s capital stock; and the diversion of management’s attention and time to the Transaction from ongoing business operations and opportunities

Additional 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 elevated inflation or interest rates or extraordinary events or circumstances such as geopolitical conflicts like the conflicts between Russia and Ukraine and the United States and Iran and other disruption in the Middle East 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, uncertainties regarding our ability to consummate acquisitions and successfully integrate acquired businesses 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 and the United States and Iran, 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 nuclear 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 enterprise resource planning 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, strikes and unemployment levels, our efforts to evaluate and potentially reduce internal costs, the impact of U.S. and foreign trade policies and tariffs or other impositions on imported goods on our business, results of operations and financial condition, 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 30, 2025 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 30, 2025, Part II, Item 1A. “Risk Factors” and elsewhere in our subsequent Quarterly 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.

Consolidated Statements of Income

(Unaudited)

Thirteen Weeks Ended

Twenty-Six Weeks Ended

(In thousands, except per share data)

February 28, 2026

March 1, 2025

February 28, 2026

March 1, 2025

Revenues

622,505

602,219

1,243,823

1,207,127

Operating expenses:

Cost of revenues (1)

403,686

394,145

796,715

775,199

Selling and administrative expenses (1)

157,413

141,914

305,219

275,429

Depreciation and amortization

35,392

34,946

70,567

69,754

Total operating expenses

596,491

571,005

1,172,501

1,120,382

Operating income

26,014

31,214

71,322

86,745

Other (income) expense:

Interest income, net

(1,576

)

(2,213

)

(3,505

)

(4,908

)

Other expense, net

250

794

509

1,084

Total other income, net

(1,326

)

(1,419

)

(2,996

)

(3,824

)

Income before income taxes

27,340

32,633

74,318

90,569

Provision for income taxes

6,856

8,174

19,471

23,005

Net income

20,484

24,459

54,847

67,564

Income per share – Basic:

Common Stock

1.18

1.37

3.15

3.78

Class B Common Stock

0.94

1.10

2.52

3.02

Income per share – Diluted:

Common Stock

1.13

1.31

3.02

3.62

Income allocated to – Basic:

Common Stock

17,133

20,559

45,887

56,778

Class B Common Stock

3,351

3,900

8,960

10,786

Income allocated to – Diluted:

Common Stock

20,484

24,459

54,847

67,564

Weighted average shares outstanding – Basic:

Common Stock

14,523

15,009

14,557

15,011

Class B Common Stock

3,551

3,558

3,551

3,566

Weighted average shares outstanding – Diluted:

Common Stock

18,143

18,649

18,159

18,653

(1)

Exclusive of depreciation on the Company's property, plant and equipment and amortization on its intangible assets.

Condensed Consolidated Balance Sheets

(Unaudited)

(In thousands)

February 28, 2026

August 30, 2025

Assets

Current assets:

Cash and cash equivalents

151,794

203,501

Short-term investments

5,664

5,672

Receivables, net

291,580

285,297

Inventories

147,477

145,197

Rental merchandise in service

236,251

227,720

Prepaid taxes

7,185

7,708

Prepaid expenses and other current assets

63,135

49,508

Total current assets

903,086

924,603

Property, plant and equipment, net

848,054

829,622

Goodwill

669,996

657,748

Customer contracts and other intangible assets, net

95,790

105,829

Deferred income taxes

991

977

Operating lease right-of-use assets, net

77,804

70,110

Other assets

204,677

189,266

Total assets

2,800,398

2,778,155

Liabilities and shareholders’ equity

Current liabilities:

Accounts payable

92,089

94,980

Accrued liabilities

178,065

176,903

Accrued taxes

674

Operating lease liabilities, current

20,225

17,846

Total current liabilities

290,409

290,403

Long-term liabilities:

Accrued liabilities

129,862

128,554

Accrued and deferred income taxes

137,166

135,648

Operating lease liabilities

59,669

54,593

Total liabilities

617,106

609,198

Shareholders’ equity:

Common Stock

1,453

1,468

Class B Common Stock

355

Capital surplus

109,755

109,107

Retained earnings

2,091,769

2,079,812

Accumulated other comprehensive loss

(20,040

)

(21,785

)

Total shareholders’ equity

2,183,292

2,168,957

Total liabilities and shareholders’ equity

2,800,398

2,778,155

Detail of Operating Results

(Unaudited)

Thirteen Weeks Ended February 28, 2026

Thirteen Weeks Ended March 1, 2025

(In thousands, except percentages)

Uniform & Facility Service Solutions

First Aid & Safety Solutions

Other

Total

Uniform & Facility Service Solutions

First Aid & Safety Solutions

Other

Total

Revenues

568,808

30,793

22,904

622,505

551,407

27,454

23,358

602,219

Revenue Growth %

3.2

12.2

-1.9

3.4

Operating Income (1), (2)

24,875

(1,106

)

2,245

26,014

30,172

(486

)

1,528

31,214

Operating Margin

4.4

-3.6

9.8

4.2

5.5

-1.8

6.5

5.2

Adjusted EBITDA (1), (2)

63,265

314

3,235

66,814

65,994

490

2,434

68,918

Adjusted EBITDA Margin

11.1

1.0

14.1

10.7

12.0

1.8

10.4

11.4

(1)

The Company's financial results for the second quarter of fiscal 2026 and 2025 included approximately $3.0 million and $1.9 million, respectively, of costs directly attributable to its Key Initiative.

(2)

The Key Initiative costs decreased both Uniform & Facility Service Solutions' segment operating and Adjusted EBITDA margin for the second quarters of fiscal 2026 and 2025 by 0.5% and 0.3%, respectively.

Twenty-Six Weeks Ended February 28, 2026

Twenty-Six Weeks Ended March 1, 2025

(In thousands, except percentages)

Uniform & Facility Service Solutions

First Aid & Safety Solutions

Other

Total

Uniform & Facility Service Solutions

First Aid & Safety Solutions

Other

Total

Revenues

1,134,700

61,037

48,086

1,243,823

1,104,159

53,676

49,292

1,207,127

Revenue Growth %

2.8

13.7

-2.4

3.0

Operating Income (3), (4)

66,712

(1,508

)

6,118

71,322

78,692

(145

)

8,198

86,745

Operating Margin

5.9

-2.5

12.7

5.7

7.1

-0.3

16.6

7.2

Adjusted EBITDA (3), (4)

140,461

1,114

8,050

149,625

151,097

1,743

10,038

162,878

Adjusted EBITDA Margin

12.4

1.8

16.7

12.0

13.7

3.2

20.4

13.5

(3)

The Company's financial results for the first half of fiscal 2026 and 2025 included approximately $5.3 million and $4.4 million, respectively, of costs directly attributable to its Key Initiative.

(4)

The Key Initiative costs decreased both Uniform & Facility Service Solutions' segment operating and Adjusted EBITDA margin for the first half of fiscal 2026 and 2025 by 0.5% and 0.4%, respectively.

Consolidated Statements of Cash Flows

(Unaudited)

(In thousands)

February 28, 2026

March 1, 2025

Cash flows from operating activities:

Net income

54,847

67,564

Adjustments to reconcile net income to cash provided by operating activities:

Depreciation and amortization (1)

70,567

69,754

Share-based compensation

6,261

6,034

Accretion on environmental contingencies

702

640

Accretion on asset retirement obligations

536

314

Deferred income taxes

433

2,159

Loss on sale of property and equipment

163

Other

224

Changes in assets and liabilities, net of acquisitions:

Receivables, less reserves

(5,915

)

(4,878

)

Inventories

(1,551

)

(2,242

)

Rental merchandise in service

(8,360

)

10,233

Prepaid expenses and other current assets and Other assets

(16,347

)

(13,429

)

Accounts payable

(1,074

)

(3,729

)

Accrued liabilities

(12,756

)

(8,867

)

Prepaid and accrued income taxes

886

4,472

Net cash provided by operating activities

88,475

128,304

Cash flows from investing activities:

Acquisition of businesses, net of cash acquired

(14,627

)

(5,374

)

Capital expenditures, including capitalization of software costs

(77,284

)

(66,086

)

Purchases of investments

(5,664

)

(14,734

)

Maturities of investments

5,664

18,747

Proceeds from sale of assets

362

222

Net cash used in investing activities

(91,549

)

(67,225

)

Cash flows from financing activities:

Proceeds from exercise of share-based awards

Taxes withheld and paid related to net share settlement of equity awards

(4,170

)

(4,218

)

Repurchase of Common Stock

(32,736

)

(12,528

)

Payment of cash dividends

(12,470

)

(12,153

)

Net cash used in financing activities

(49,372

)

(28,895

)

Effect of exchange rate changes

739

(1,581

)

Net (decrease) increase in cash and cash equivalents

(51,707

)

30,603

Cash and cash equivalents at beginning of period

203,501

161,571

Cash and cash equivalents at end of period

151,794

192,174

(1)

Depreciation and amortization for the first half of fiscal 2026 and 2025 included approximately $8.1 million and $8.4 million, respectively, of non-cash amortization expense recognized on acquisition-related intangible assets.

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 Adjusted EBITDA and Adjusted EBITDA margin, which are non-GAAP financial measures. The Company defines Adjusted EBITDA as net income before interest, income taxes, depreciation and amortization, further adjusted for share-based compensation expense and other items impacting the comparability of the Company’s underlying operating performance between periods. Adjusted EBITDA margin is defined as Adjusted 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. 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 Adjusted EBITDA and Adjusted EBITDA margin 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. Adjusted EBITDA and Adjusted 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 February 28, 2026

(In thousands, except percentages)

Uniform & Facility Service Solutions

First Aid & Safety Solutions

Other

Unallocated Adjustments

Total

Revenue

568,808

30,793

22,904

—

622,505

Net income

26,201

(1,106

)

2,245

(6,856

)

20,484

Provision for income taxes

—

6,856

Interest income, net

(1,576

)

—

(1,576

)

Depreciation and amortization

33,187

1,387

818

—

35,392

Share-based compensation expense

3,469

172

—

3,674

Non-operating adjustments (1)

1,984

—

1,984

Adjusted EBITDA

63,265

314

3,235

—

66,814

Adjusted EBITDA Margin

11.1

1.0

14.1

10.7

Thirteen Weeks Ended March 1, 2025

(In thousands, except percentages)

Uniform & Facility Service Solutions

First Aid & Safety Solutions

Other

Unallocated Adjustments

Total

Revenue

551,407

27,454

23,358

—

602,219

Net income

31,591

(486

)

1,528

(8,174

)

24,459

Provision for income taxes

—

8,174

Interest income, net

(2,213

)

—

(2,213

)

Depreciation and amortization

33,234

947

765

—

34,946

Share-based compensation expense

3,028

141

—

3,198

Executive transaction costs (2)

354

—

354

Adjusted EBITDA

65,994

490

2,434

—

68,918

Adjusted EBITDA Margin

12.0

1.8

10.4

11.4

(1)

Primarily represents costs related to shareholder engagement and proxy-related matters in connection with the Company’s 2026 annual meeting of shareholders and the proposed merger with Cintas.

(2)

Primarily represent one-time costs expected to be incurred related to the hiring and on-boarding of the Company's new Chief Operating Officer, Kelly Rooney, and for the transition of Michael Croatti from his role as Executive Vice President, Operations.

Twenty-Six Weeks Ended February 28, 2026

(In thousands, except percentages)

Uniform & Facility Service Solutions

First Aid & Safety Solutions

Other

Unallocated Adjustments

Total

Revenue

1,134,700

61,037

48,086

—

1,243,823

Net income

69,708

(1,508

)

6,118

(19,471

)

54,847

Provision for income taxes

—

19,471

Interest income, net

(3,505

)

—

(3,505

)

Depreciation and amortization

66,397

2,558

1,612

—

70,567

Share-based compensation expense

5,877

320

—

6,261

Non-operating adjustments (3)

1,984

—

1,984

Adjusted EBITDA

140,461

1,114

8,050

—

149,625

Adjusted EBITDA Margin

12.4

1.8

16.7

12.0

Twenty-Six Weeks Ended March 1, 2025

(In thousands, except percentages)

Uniform & Facility Service Solutions

First Aid & Safety Solutions

Other

Unallocated Adjustments

Total

Revenue

1,104,159

53,676

49,292

—

1,207,127

Net income

82,516

(145

)

8,198

(23,005

)

67,564

Provision for income taxes

—

23,005

Interest income, net

(4,908

)

—

(4,908

)

Depreciation and amortization

66,344

1,832

1,578

—

69,754

Share-based compensation expense

5,716

262

—

6,034

Executive transaction costs (4)

1,429

—

1,429

Adjusted EBITDA

151,097

1,743

10,038

—

162,878

Adjusted EBITDA Margin

13.7

3.2

20.4

13.5

(3)

Primarily represents costs related to shareholder engagement and proxy-related matters in connection with the Company’s 2026 annual meeting of shareholders and the proposed merger with Cintas.

(4)

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Document and Entity Information

Apr. 01, 2026

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Document Period End Date

Apr. 01, 2026

Entity Registrant Name

UNIFIRST CORP

Entity Incorporation, State or Country Code

Entity File Number

001-08504

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

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City Area Code

978

Local Phone Number

658-8888

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