Form 8-K

8-K — UNIFIRST CORP

Accession: 0001628280-26-046349

Filed: 2026-07-01

Period: 2026-07-01

CIK: 0000717954

SIC: 7200 (SERVICES-PERSONAL SERVICES)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — unf-20260701.htm (Primary)

EX-99 (unf-2026xq3xex99earningsre.htm)

GRAPHIC (unf-20260701_g1.jpg)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K

8-K (Primary)

Filename: unf-20260701.htm · Sequence: 1

unf-20260701

FALSE000071795400007179542026-07-012026-07-01

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): July 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):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o 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 o

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. o

Item 2.02 Results of Operations and Financial Condition.

On July 1, 2026, UniFirst Corporation (the “Company”) issued a press release (“Press Release”) announcing financial results for the third quarter of fiscal 2026, which ended on May 30, 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 July 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: July 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-2026xq3xex99earningsre.htm · Sequence: 2

Document

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 THIRD QUARTER OF FISCAL 2026

Wilmington, MA – July 1, 2026 – UniFirst Corporation (NYSE: UNF) (“UniFirst” or the “Company”) today reported results for its fiscal 2026 third quarter ended May 30, 2026.

Third Quarter 2026 Consolidated Results

•Consolidated revenues increased 3.9% to $634.4 million compared to $610.8 million in the third quarter of fiscal 2025, driven by organic growth in the core Uniform & Facility Service Solutions segment.

•Operating income and Adjusted EBITDA were $23.0 million and $82.6 million, respectively, compared to $48.2 million and $85.8 million, respectively, in the third quarter of fiscal 2025.

•Operating margin was 3.6% compared to 7.9% in the prior year period.

•Net income was $19.9 million compared to $39.7 million in the prior year period and diluted earnings per share was $1.09 compared to $2.13 in the prior year period.

•Adjusted EBITDA margin was 13.0% compared to 14.1% in the prior year period.

•The quarterly tax rate was 18.5% compared to 25.7% in the prior year period.

The Company’s results for the third quarter of fiscal 2026 included approximately $20.7 million of costs associated with the proposed merger with Cintas Corporation (“Cintas”), consisting primarily of legal, advisory and other professional service fees (“Transaction-related Costs”). In addition, the Company’s results for the third quarter of fiscal 2026 and 2025 included approximately $5.2 million and $1.0 million, respectively, of costs related to its enterprise resource planning project (“Key Initiative”). In the third quarter of fiscal 2026 and 2025, these costs decreased:

•Operating income by $26.0 million and $1.0 million, respectively.

•Adjusted EBITDA by $5.2 million and $1.0 million, respectively.

•Net income by $19.6 million and $0.7 million, respectively.

•Diluted earnings per share by $1.08 and $0.04, respectively.

Steven Sintros, UniFirst President and Chief Executive Officer, said, “We delivered solid growth and profitability in the third quarter, reflecting the continued strength of our service-driven business and the disciplined execution of our team. Our focus remains on taking great care of our customers and communities, supporting our Team Partners, and winning new business by demonstrating UniFirst’s compelling value proposition.”

Mr. Sintros continued, “I am grateful to our thousands of Team Partners for their unwavering dedication to serving our customers with excellence and for living our Core Values – Customer Focus, Respect for Others, and Commitment to Quality – every day.”

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. On June 11, 2026, UniFirst shareholders approved the proposed merger at a special meeting of shareholders.

On June 11, 2026, UniFirst and Cintas each received a Second Request for additional information from the Federal Trade Commission ("FTC") as part of its review of the proposed merger. The companies are cooperating with the FTC and continue to work through the regulatory review process. The transaction is expected to close in the second half of calendar 2026, subject to satisfaction or waiver of customary closing conditions and receipt of required regulatory approvals.

Segment Reporting Results

Uniform & Facility Service Solutions

•Revenues increased 3.9% to $575.7 million compared to $554.3 million in the prior year period.

•Organic growth, which excludes the effect of acquisitions and fluctuations in the Canadian dollar, was 3.6%.

•New customer account acquisitions were solid during the quarter and customer retention rates continued to improve, building on the year-to-date progress that the Company has seen in these areas.

•Operating margin was 3.4% compared to 7.8% in the prior period and Adjusted EBITDA margin was 13.4% compared to 14.3% in the prior period.

•The Key Initiative and Transaction-related Costs were both recorded to this segment and decreased operating and Adjusted EBITDA margins in the third quarter of fiscal 2026 by 4.5% and 0.9%, respectively. Key Initiative costs in prior year period decreased both operating and Adjusted EBITDA margins by 0.2%.

•The segment's operating and Adjusted EBITDA margin comparison in the third quarter of fiscal 2026 benefited from lower merchandise costs as well as elevated expense in prior year due to advisory costs for a strategic matter and legal costs related to an employee matter. These benefits were offset by higher healthcare claims and fuel costs.

Other

•Revenues for the quarter increased 4.4% to $27.8 million compared to $26.7 million in the prior year period. The segment had strong growth in its European operations which was partially offset by the continued wind-down of a large refurbishment project and fewer reactor outages.

•Operating income and Adjusted EBITDA were $4.9 million and $5.8 million, respectively.

•This segment consists of the Company’s 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 $168.9 million, and the Company had no long-term debt outstanding as of May 30, 2026.

•The Company did not repurchase any shares of its Common Stock in the third quarter of fiscal 2026.

•The Company declared a quarterly cash dividend of $0.365 per Common Stock share and $0.292 per Class B Common Stock on April 14, 2026.

As previously announced, due to the pending transaction with Cintas, UniFirst is no longer providing financial guidance or hosting quarterly conference calls regarding its 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 Thirty-Nine Weeks Ended

(In thousands, except per share data) May 30, 2026 May 31, 2025 May 30, 2026 May 31, 2025

Revenues $ 634,402 $ 610,778 $ 1,878,225 $ 1,817,905

Operating expenses:

Cost of revenues (1)

399,676 385,189 1,196,391 1,160,388

Selling and administrative expenses (1)

175,925 142,690 481,144 418,119

Depreciation and amortization 35,771 34,722 106,338 104,476

Total operating expenses 611,372 562,601 1,783,873 1,682,983

Operating income 23,030 48,177 94,352 134,922

Other (income) expense:

Interest income, net (1,779) (2,514) (5,284) (7,422)

Other expense (income), net 365 (2,704) 874 (1,620)

Total other income, net (1,414) (5,218) (4,410) (9,042)

Income before income taxes 24,444 53,395 98,762 143,964

Provision for income taxes 4,528 13,715 23,999 36,720

Net income $ 19,916 $ 39,680 $ 74,763 $ 107,244

Income per share – Basic:

Common Stock $ 1.15 $ 2.22 $ 4.30 $ 6.01

Class B Common Stock $ 0.92 $ 1.78 $ 3.44 $ 4.80

Income per share – Diluted:

Common Stock $ 1.09 $ 2.13 $ 4.11 $ 5.76

Income allocated to – Basic:

Common Stock $ 16,659 $ 33,346 $ 62,545 $ 90,126

Class B Common Stock $ 3,257 $ 6,334 $ 12,218 $ 17,118

Income allocated to – Diluted:

Common Stock $ 19,916 $ 39,680 $ 74,763 $ 107,244

Weighted average shares outstanding – Basic:

Common Stock $ 14,532 $ 14,990 $ 14,549 $ 15,007

Class B Common Stock $ 3,551 $ 3,557 $ 3,551 $ 3,563

Weighted average shares outstanding – Diluted:

Common Stock $ 18,216 $ 18,607 $ 18,175 $ 18,633

(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) May 30, 2026 August 30, 2025

Assets

Current assets:

Cash and cash equivalents $ 163,225 $ 203,501

Short-term investments 5,651 5,672

Receivables, net 295,580 285,297

Inventories 148,495 145,197

Rental merchandise in service 237,344 227,720

Prepaid taxes 6,074 7,708

Prepaid expenses and other current assets 63,571 49,508

Total current assets 919,940 924,603

Property, plant and equipment, net 846,697 829,622

Goodwill 669,925 657,748

Customer contracts and other intangible assets, net 92,593 105,829

Deferred income taxes 854 977

Operating lease right-of-use assets, net 82,825 70,110

Other assets 207,860 189,266

Total assets $ 2,820,694 $ 2,778,155

Liabilities and shareholders’ equity

Current liabilities:

Accounts payable $ 89,560 $ 94,980

Accrued liabilities 185,312 176,903

Accrued taxes — 674

Operating lease liabilities, current 20,822 17,846

Total current liabilities 295,694 290,403

Long-term liabilities:

Accrued liabilities 129,572 128,554

Accrued and deferred income taxes 133,157 135,648

Operating lease liabilities 64,226 54,593

Total liabilities 622,649 609,198

Shareholders’ equity:

Common Stock 1,453 1,468

Class B Common Stock 355 355

Capital surplus 112,621 109,107

Retained earnings 2,105,352 2,079,812

Accumulated other comprehensive loss (21,736) (21,785)

Total shareholders’ equity 2,198,045 2,168,957

Total liabilities and shareholders’ equity $ 2,820,694 $ 2,778,155

Detail of Operating Results

(Unaudited)

Thirteen Weeks Ended May 30, 2026

Thirteen Weeks Ended May 31, 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 $ 575,747 $ 30,809 $ 27,846 $ 634,402 $ 554,331 $ 29,787 $ 26,660 $ 610,778

Revenue Growth % 3.9 % 3.4 % 4.4 % 3.9 %

Operating Income (1), (2)

$ 19,665 $ (1,548) $ 4,913 $ 23,030 $ 43,243 $ 525 $ 4,409 $ 48,177

Operating Margin 3.4 % -5.0 % 17.6 % 3.6 % 7.8 % 1.8 % 16.5 % 7.9 %

Adjusted EBITDA (1), (2)

$ 77,073 $ (258) $ 5,772 $ 82,587 $ 79,003 $ 1,530 $ 5,293 $ 85,826

Adjusted EBITDA Margin 13.4 % -0.8 % 20.7 % 13.0 % 14.3 % 5.1 % 19.9 % 14.1 %

(1)The Company's financial results for the third quarter of fiscal 2026 included approximately $26.0 million of costs related to its Key Initiative and Transaction-related Costs, compared to approximately $1.0 million of Key Initiative costs in the third quarter of fiscal 2025.

(2)The Key Initiative and Transaction-related Costs decreased Uniform & Facility Service Solutions' segment operating margin for the third quarters of fiscal 2026 and 2025 by 4.5% and 0.2%, respectively. The Key Initiative costs decreased both Uniform & Facility Service Solutions' segment Adjusted EBITDA margin for the third quarters of fiscal 2026 and 2025 by 0.9% and 0.2%, respectively.

Thirty-Nine Weeks Ended May 30, 2026

Thirty-Nine Weeks Ended May 31, 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 $ 1,710,447 $ 91,846 $ 75,932 $ 1,878,225 $ 1,658,490 $ 83,463 $ 75,952 $ 1,817,905

Revenue Growth % 3.1 % 10.0 % — % 3.3 %

Operating Income (3), (4)

$ 86,377 $ (3,056) $ 11,031 $ 94,352 $ 121,935 $ 380 $ 12,607 $ 134,922

Operating Margin 5.0 % -3.3 % 14.5 % 5.0 % 7.4 % 0.5 % 16.6 % 7.4 %

Adjusted EBITDA (3), (4)

$ 217,534 $ 856 $ 13,822 $ 232,212 $ 230,100 $ 3,273 $ 15,331 $ 248,704

Adjusted EBITDA Margin 12.7 % 0.9 % 18.2 % 12.4 % 13.9 % 3.9 % 20.2 % 13.7 %

(3)The Company's financial results for the first nine months of fiscal 2026 and 2025 included approximately $33.2 million of costs related to its Key Initiative and Transaction-related Costs, compared to approximately $5.4 million of Key Initiative of costs in the first nine months of fiscal 2025.

(4)The Key Initiative and Transaction-related Costs decreased Uniform & Facility Service Solutions' segment operating margin for the first nine months of fiscal 2026 and 2025 by 1.9% and 0.3%, respectively. The Key Initiative costs decreased Uniform & Facility Service Solutions' segment Adjusted EBITDA margin for the first nine months of fiscal 2026 and 2025 by 0.6% and 0.3%, respectively.

Consolidated Statements of Cash Flows

(Unaudited)

(In thousands) May 30, 2026 May 31, 2025

Cash flows from operating activities:

Net income $ 74,763 $ 107,244

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

Depreciation and amortization (1)

106,338 104,476

Share-based compensation 9,666 9,049

Accretion on environmental contingencies 1,053 960

Accretion on asset retirement obligations 804 602

Deferred income taxes (5,728) 3,514

Loss (gain) on sale of property and equipment 210 (2,690)

Other 221 336

Changes in assets and liabilities, net of acquisitions:

Receivables, less reserves (10,191) (3,174)

Inventories (2,618) 8,338

Rental merchandise in service (9,657) 10,018

Prepaid expenses and other current assets and Other assets (15,710) (16,729)

Accounts payable (5,864) (16,668)

Accrued liabilities (8,233) (12,190)

Prepaid and accrued income taxes 4,296 3,395

Net cash provided by operating activities 139,350 196,481

Cash flows from investing activities:

Acquisition of businesses, net of cash acquired (15,754) (5,374)

Capital expenditures, including capitalization of software costs (106,965) (109,823)

Purchases of investments (5,664) (14,734)

Maturities of investments 5,762 28,356

Proceeds from sale of assets 576 3,115

Net cash used in investing activities (122,045) (98,460)

Cash flows from financing activities:

Payment of contingent consideration (1,670) —

Proceeds from exercise of share-based awards 4 4

Taxes withheld and paid related to net share settlement of equity awards (4,709) (4,357)

Repurchase of Common Stock (32,736) (25,593)

Payment of cash dividends (18,810) (18,402)

Net cash used in financing activities (57,921) (48,348)

Effect of exchange rate changes 340 666

Net (decrease) increase in cash and cash equivalents (40,276) 50,339

Cash and cash equivalents at beginning of period 203,501 161,571

Cash and cash equivalents at end of period $ 163,225 $ 211,910

(1)Depreciation and amortization for the first nine months of fiscal 2026 and 2025 included approximately $11.8 million and $12.7 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 May 30, 2026

(In thousands, except percentages) Uniform & Facility Service Solutions First Aid & Safety Solutions Other Unallocated Adjustments Total

Revenue $ 575,747 $ 30,809 $ 27,846 $ — $ 634,402

Net income $ 21,079 $ (1,548) $ 4,913 $ (4,528) $ 19,916

Provision for income taxes — — — 4,528 4,528

Interest income, net (1,779) — — — (1,779)

Depreciation and amortization 33,812 1,257 702 — 35,771

Share-based compensation expense 3,215 33 157 — 3,405

Non-operating adjustments (1)

20,746 — — — 20,746

Adjusted EBITDA $ 77,073 $ (258) $ 5,772 $ — $ 82,587

Adjusted EBITDA Margin 13.4 % (0.8 %) 20.7 % 13.0 %

(1)Represents Transaction-related Costs in connection with the proposed merger with Cintas.

Thirteen Weeks Ended May 31, 2025

(In thousands, except percentages) Uniform & Facility Service Solutions First Aid & Safety Solutions Other Unallocated Adjustments Total

Revenue $ 554,331 $ 29,787 $ 26,660 $ — $ 610,778

Net income $ 48,461 $ 525 $ 4,409 $ (13,715) $ 39,680

Provision for income taxes — — — 13,715 13,715

Interest income, net (2,514) — — — (2,514)

Depreciation and amortization 32,990 975 757 — 34,722

Share-based compensation expense 2,858 30 127 — 3,015

Gain on sale of a non-operating property (2,792) — — — (2,792)

Adjusted EBITDA $ 79,003 $ 1,530 $ 5,293 $ — $ 85,826

Adjusted EBITDA Margin 14.3 % 5.1 % 19.9 % 14.1 %

Thirty-Nine Weeks Ended May 30, 2026

(In thousands, except percentages) Uniform & Facility Service Solutions First Aid & Safety Solutions Other Unallocated Adjustments Total

Revenue $ 1,710,447 $ 91,846 $ 75,932 $ — $ 1,878,225

Net income $ 90,787 $ (3,056) $ 11,031 $ (23,999) $ 74,763

Provision for income taxes — — — 23,999 23,999

Interest income, net (5,284) — — — (5,284)

Depreciation and amortization 100,209 3,815 2,314 — 106,338

Share-based compensation expense 9,092 97 477 — 9,666

Non-operating adjustments (2)

22,730 — — — 22,730

Adjusted EBITDA $ 217,534 $ 856 $ 13,822 $ — $ 232,212

Adjusted EBITDA Margin 12.7 % 0.9 % 18.2 % 12.4 %

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

Thirty-Nine Weeks Ended May 31, 2025

(In thousands, except percentages) Uniform & Facility Service Solutions First Aid & Safety Solutions Other Unallocated Adjustments Total

Revenue $ 1,658,490 $ 83,463 $ 75,952 $ — $ 1,817,905

Net income $ 130,977 $ 380 $ 12,607 $ (36,720) $ 107,244

Provision for income taxes — — — 36,720 36,720

Interest income, net (7,422) — — — (7,422)

Depreciation and amortization 99,334 2,807 2,335 — 104,476

Share-based compensation expense 8,574 86 389 — 9,049

Gain on sale of a non-operating property (2,792) — — — (2,792)

Executive transaction costs (3)

1,429 — — — 1,429

Adjusted EBITDA $ 230,100 $ 3,273 $ 15,331 $ — $ 248,704

Adjusted EBITDA Margin 13.9 % 3.9 % 20.2 % 13.7 %

(3)Primarily represent one-time costs 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.

GRAPHIC

Filename: unf-20260701_g1.jpg · Sequence: 6

Binary file (107641 bytes)

Download unf-20260701_g1.jpg

XML — IDEA: XBRL DOCUMENT

XML

Filename: R1.htm · Sequence: 8

v3.26.1

Document and Entity Information

Jul. 01, 2026

Cover [Abstract]

Document Type

8-K

Document Period End Date

Jul. 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

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

Security 12b Title

Common Stock, $0.10 par value per share

Trading symbol

UNF

Name of each exchange on which registered

NYSE

Entity Emerging Growth Company

false

Amendment Flag

false

Entity Central Index Key

0000717954

- Definition

Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.

+ References

No definition available.

+ Details

Name:

dei_AmendmentFlag

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Area code of city

+ References

No definition available.

+ Details

Name:

dei_CityAreaCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Cover page.

+ References

No definition available.

+ Details

Name:

dei_CoverAbstract

Namespace Prefix:

dei_

Data Type:

xbrli:stringItemType

Balance Type:

Period Type:

duration

- Definition

For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.

+ References

No definition available.

+ Details

Name:

dei_DocumentPeriodEndDate

Namespace Prefix:

dei_

Data Type:

xbrli:dateItemType

Balance Type:

Period Type:

duration

- Definition

The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.

+ References

No definition available.

+ Details

Name:

dei_DocumentType

Namespace Prefix:

dei_

Data Type:

dei:submissionTypeItemType

Balance Type:

Period Type:

duration

- Definition

Address Line 1 such as Attn, Building Name, Street Name

+ References

No definition available.

+ Details

Name:

dei_EntityAddressAddressLine1

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the City or Town

+ References

No definition available.

+ Details

Name:

dei_EntityAddressCityOrTown

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Code for the postal or zip code

+ References

No definition available.

+ Details

Name:

dei_EntityAddressPostalZipCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the state or province.

+ References

No definition available.

+ Details

Name:

dei_EntityAddressStateOrProvince

Namespace Prefix:

dei_

Data Type:

dei:stateOrProvinceItemType

Balance Type:

Period Type:

duration

- Definition

A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityCentralIndexKey

Namespace Prefix:

dei_

Data Type:

dei:centralIndexKeyItemType

Balance Type:

Period Type:

duration

- Definition

Indicate if registrant meets the emerging growth company criteria.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityEmergingGrowthCompany

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.

+ References

No definition available.

+ Details

Name:

dei_EntityFileNumber

Namespace Prefix:

dei_

Data Type:

dei:fileNumberItemType

Balance Type:

Period Type:

duration

- Definition

Two-character EDGAR code representing the state or country of incorporation.

+ References

No definition available.

+ Details

Name:

dei_EntityIncorporationStateCountryCode

Namespace Prefix:

dei_

Data Type:

dei:edgarStateCountryItemType

Balance Type:

Period Type:

duration

- Definition

The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityRegistrantName

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityTaxIdentificationNumber

Namespace Prefix:

dei_

Data Type:

dei:employerIdItemType

Balance Type:

Period Type:

duration

- Definition

Local phone number for entity.

+ References

No definition available.

+ Details

Name:

dei_LocalPhoneNumber

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 13e

-Subsection 4c

+ Details

Name:

dei_PreCommencementIssuerTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14d

-Subsection 2b

+ Details

Name:

dei_PreCommencementTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Title of a 12(b) registered security.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b

+ Details

Name:

dei_Security12bTitle

Namespace Prefix:

dei_

Data Type:

dei:securityTitleItemType

Balance Type:

Period Type:

duration

- Definition

Name of the Exchange on which a security is registered.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection d1-1

+ Details

Name:

dei_SecurityExchangeName

Namespace Prefix:

dei_

Data Type:

dei:edgarExchangeCodeItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14a

-Subsection 12

+ Details

Name:

dei_SolicitingMaterial

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Trading symbol of an instrument as listed on an exchange.

+ References

No definition available.

+ Details

Name:

dei_TradingSymbol

Namespace Prefix:

dei_

Data Type:

dei:tradingSymbolItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Securities Act

-Number 230

-Section 425

+ Details

Name:

dei_WrittenCommunications

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration