UNF - Earnings call transcript Q3 2024

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Operator

Good day, and thank you for standing by. Welcome to the Third Quarter 2024 UniFirst Earnings Conference Call. [Operator Instructions] After the speakers' presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised today's conference is being recorded.

to Sintros, conference Officer. President like speaker to now Steven today, and would hand over the your I Chief Executive go ahead. Please

Steven Sintros

and Thank Sintros, morning. good Chief President you, Executive I'm Officer. and UniFirst's Steven

Officer. to is XXXX. today fiscal to Vice Chief welcome O'Connor, Joining third I'd conference quarter me to call Shane like Corporation's year our President Executive and Financial review UniFirst for you results

mode This until first, This call we financial our future are a call certain and statements will statements but disclaimer. be events subject forward-looking prepared company's with risks forward-looking a contain uncertainties. listen-only brief the current conference on may remarks, and reflect respect These to complete that performance. views to

similar statements. events trends anticipated risk expressions that The future optimistic, Actual depending of words materially anticipate, indicate identify on and and believe, from forward-looking factors. may intend estimate, differ results variety those a future expect,

please factors Securities discussion Commission. these information, with the -- and more most to and filings the XX-K our Form in to refer XX-Q For risk Exchange these of recent

We At deliver. people existing UniFirst our are as as up workforce keeps are the people hard partners. the as team who our the that always do and they They running. prospective UniFirst, are and communities work who customers we own the well serve

means services to cleanroom services. workwear, Our uniforms, Safety, and job products providing do and to by Aid Whether providing products mission First enable right their that is and those other employees organizations and facility the their or and successfully services, safely.

structure products living experience. universally of our enhanced while services as customers while Partners the the partner recognized I mission. vision to the their providing being of as we sincerely service industry, with our service our an program, all best strive our in for Our towards our provider thank and all Team want team, to and and customers that to goal we all ensure is their customer businesses right

to which laundry strong pleased the the in quarter core to third and organic of EBITDA our elevated line. XXXX, as line Operating X.X%. related ago. the the are and benefiting favorable year operations up a year quarter in in third to We and lower of income during compared quarter Overall key to in improvement health X.X% increased quarter bottom costs quarter legal growth our and XXXX comparisons solid top of report significantly initiatives totaled last ago, the third showed growth our from were results the costs care compared expended well as to third related from the to year quarter a revenues

Excluding we benefits, as still growth income these well year-to-date. operating strong as during EBITDA have the quarter and experienced

operating pleased from up We improvement are which the also with activities in very flows compared to were XX.X%. XXXX, cash

last our over couple incurring the reminder, transformation. As costs technology years been to related a we've of

phases of As are amounts being CRM ERP expected, activities to related the surrounding these the the expense are our the our and we the is largely to implementation due project enter of as winding we down incurring largely on capitalized declining now key spending deployment project. we initiatives

During with environment. pleased the a we prospects for the delivering the that perform solid continued growth bring despite sales on results quarter, can to pricing challenging selling value Overall, more their quarter, UniFirst organization businesses. are to well, organic our strong the

we during of metrics have in a classify seen our would wearer the a levels decline net bit as our quarter. we Although wearer stable, mostly

our Operations' approximately at year Our shortly to guidance, the fourth growth of Core X.X% be updated quarter implies in discuss midpoint organic will full the Shane which Laundry range.

elevated discussed impact a inflation and challenging few sequential on growth period levels, we of the the have quarters, its organic has our pricing market rates. from During as more last a significantly emerged environment

year, we growth to our in be next early to modest quarter. too these communicate we is expect based fourth on that it to Although did making more 'XX trends, organic comments want about fiscal be than many currently too

At ability to drive additional improved customers' existing and as X a new first have same good to retention. sell this customers we of focus adding products had win and quarter. the time, experience track Opportunities we in to our well to account the very enhance year, continue remains customers as customers, in on national our including success programs number a top enhance to healthy, investments our large account business

accounts Although can predict, of positioned take the market. to be in difficult these we advantage are to sale opportunities of well the

focus profile. efforts our on to drive our to we to and addition enhance continue excellence reductions In operating ongoing cost growth, to margin our

with as well pleased areas merchandise the costs. and trends as recent are some cost as progress such of key We input other in

continues utilizing driving capabilities more productivity. to technology the focused with our and CRM, deploying local of Clean's including proficient, all new some team and Our leveraging across UniFirst, our efforts standard processes be optimizing across operations proprietary all of on

profitability as account well and areas sourcing and enhancement significant as manufacturing such addition, strategic pricing In represent strategic opportunities. margin as

the these due of we ERP, these and some implementation significantly areas be will forward Although we others, benefits feel move to can continue the our to needle of to more in midterm. the going enabled near focus on

These and facilities enhance Canada. are not and investments efficiency of Michigan opening New are year and We Ontario, operational but only improve for customer examples profitability. about in execution this excited new service also projects growth, our the capacity experience, to good also our designed of York,

division. believe future Safety our We of continue and in bright strongly Aid to First the

customers prospects strong a We sales we existing infrastructure service expand the and continue services. as in need have to to van UniFirst and the reach new ensure and market the in footprint well operations products for these that make of as investments can our

issues First in pressing to we to These once strong contributors again expect the and growth Safety Customers integrated delivered quarter. achieved their and solutions important have investments most are Aid the solutions. these that

will segment. we critical in increasing to profitability this that customers progress penetrating building we in steps of provide As be density breadth full the the services route addition with of

of over like would call well as the the updated year. will the I to our more quarter that, provide Shane, outlook who turn remainder to on the details third for as With

Shane O’Connor

of XXXX, In the our increased a consolidated share from XX.X%. $XXX.X million ago. $X.XX income million income increased to $XX.X million share. operating or Steve. $X.XX for diluted from third a Thanks, Net $XXX.X year million were million or X.X% million, diluted to per from And revenues consolidated quarter quarter $XX.X $XX.X or $XX.X per

Consolidated million million to EBITDA year the in $XX $XX.X increased XX%. or prior from

the in initiatives. of our respectively, third and XXXX and key approximately XXXX attributable $X.X Our million, fiscal financial to results costs directly $X.X million included quarters of

million, related of fiscal million. and the million and combined quarter XXXX both XXXX effect acquisition and $X.XX, income we to addition, $X.X the the million and respectively. by EBITDA incurred by approximately by million, income of $X.X to of during Net In operating of costs $X.X Clean items and quarters respectively, respectively. The on and of XXXX these fiscal decrease $X.X Uniform $X.X $X.XX third third EPS

tax rate effective Our in compared in XX.X% prior the XX.X% was to the year. quarter

with rate As discrete from excess associated payments. period our can reminder, deficiencies events, and benefits on our including move a based period tax to share-based and tax to tax employee adjustments reserves

XXXX. we for account up XXXX Core X.X% estimated acquisitions revenues Operations dollar was including sales, was pricing million, in of as solid the of fiscal organic a solid the $XXX.X year. account our as rate were new quarter the effect the quarter third the impact the efforts growth result primarily from installed national of This over and large in Laundry X.X%. first for which quarter the well of of adjusts fluctuations Laundry last Core organic growth, Canadian Our

fiscal X.X% to Core key related X.X% prior for the in initiatives combined acquisition million. Laundry XXXX increased our respectively. X.X%, from margin The to year Clean X.X%. increased the recorded incurred we Operations both costs the the X% million to margins The $XX decrease Laundry or operating margin Core quarter or and $XX.X EBITDA Laundry and were segment's XXXX XX.X% EBITDA by third to for operating from Core to and and the and segment of quarter

EBITDA incurred margin a related high benefited claims Segment's comparisons matter. expense to to care prior legal the from and operating elevated health costs year and related in

items, results our in reflected other favorable costs. operating payroll input also these Excluding trends and segment's operating merchandise,

Revenues operating million and North and revenues. revenues in products Garments to in segment's prior from the This At Energy XX.X%. business. margin to decline specialized decontamination year cleanroom segment's $XX.X was of performance X.X% same the decreased time, delivers in were costs or Specialty nuclear in segment, X.X%. million the XXXX American decreased which nuclear both services, a XX.X% the to and of third due profitability and XXXX our from from quarter $XX.X

as outages profitability past, vary to As results segment's of projects. we as due to mentioned this reactor period well significantly period from the and seasonality timing and the in nuclear can

Segment our we end investments First reflect during cash quarter million debt $XX.X continued long-term from million. solid strong a balance Our segment's totaling Aid position fiscal van our or with had business. First operating $XX.X due in in and of the year to million the profit and making the revenues sheet operations. X.X% to continue of At equivalents no a $XXX.X our are growth quarter, million investments $X.X we third to to increased reflect results cash, nominal and financial the short-term segment's prior Aid in as van

capital million, to profitability improvement XX.X% X cash first improved our due of the needs the increased working flow and which of significant from saw we XXXX, in business. In activities, fiscal $XXX lower months operating to primarily

We of future in $XX million to our our an I'd also worth to with this capital to on and opportunity of common $XXX.X repurchased stock. outlook. million update continue take invest expenditures like provide

XXXX continue $X.XXX billion expect between fiscal and for billion. our We to $X.XXX to be revenues

$X.XX. However, diluted per we $X.XX earnings now between will and expect be that share our

XXXX attributable will of fiscal of by timing that quarter of fiscal EBITDA week range Laundry of Operations at will core Core X.X% fiscal and due unexpected organic operations, calendar. operating the key in Operations XX.X%, significantly be Laundry XX.X% outlook operating also An assumes adverse the XXXX and to the rate estimate and tax includes will initiatives extra an effective decrease compared future the and both in economic buybacks and directly be EBITDA growth the be expensed $XX to operations of midpoint midpoint margin developments. or at Core range our our X.X% the million share margins and This X.X%. respectively. fourth outlook costs for of no fiscal laundry XXXX our to will an of Our

we This answer now concludes our prepared be you might that and any have. to happy would remarks, questions

Operator

first Manav Our with Instructions] Barclays. question Patnaik [Operator from comes

Ronan Kennedy

drivers Manav. context of coming then Can on also, some Ronan the new for environment, at whether some that's is the about, pricing challenging and of moderation, things wins kind inflation there? play, metrics so talked weakness wearer get the on further at some And the lower potential further context the pricing. This dynamics I Kennedy just X lower you on around of

Steven Sintros

Sure.

me time. Let those a one at hit

and to I how about it's talk managing pricing the general about -- in putting seeing a this out I pricing inflationary more think surprising. you're challenging think multiple the bid of we're it challenging we somewhat emerging leading marketplace, our I some we're when in cost, our period, probably from vendors programs more after from more to environment, vendors. primarily of think right? years just that higher isn't environment, that's with of which And inflation and

as competitive remarks, to years, that From few versus change add I been a often there's over still a over we overestimate mostly were say significant A again, wouldn't And as want in We've been don't the And account a is the we we last last ago, But of as really reductions. account some pricing But it's say couple quarters, go versus have stable. years. you I couple more the would I getting although, talked acquisition reductions, quarters. environment if my stable. said new perspective, the back say significant in there's mostly prepared adds wouldn't that. In of new last the have any it's talking been from far been about year change. situation. I about, pull saying over I

it impact, but hiring seen bit of little It a have a to quarter. mention a environment. didn't bit just may precursor during it wanted be have as significant there we think We little weakening the of a weaker

Ronan Kennedy

hiring, the Can prior reductions. Yes, next on for out XQ. you just the a informs how there on was kind within guide, or modest but respect cautious for comment most for to on 'XX? into calls demand calls that and the but your outlook seeing is that that environment comments expectation full year growth with not the what about leads question. broad my That's tone kind or recent talked you've of characterize your of in Obviously, more the

Steven Sintros

think the don't into over quarter building or or softer I sort 'XX. in we're overall next from over adds Sure. even reductions of any demand impact

we to as But be do I'd not significant pull we we're toward typically at more that significant getting don't year, look also next point levels. a nor higher Although -- levels. in say a this context wearer pullback wearer we from expect in building

our we're seeing little cost not customer lead base. customers' high that seeing in advantages. a not within in of a downtick. to of less our customer thing ability manage say dealing hiring really employees, turnover bit does some We're we're there seeing with the We're yet. I seeing And have does turnover just The less better will merchandise sort less in with a of little bit which turnover and also a when market employees, is employees our your to own of you're only somewhat

Ronan Kennedy

a if where seeing end strength for please. are particular or very helpful. then weakness And sneak may there Are matter? that just you any That's in third, I markets

Steven Sintros

wouldn't we've the around really there we're sort any -- the it's No, one that about seeing. edges. or is I talked of outweighted say wouldn't is what oil in manufacturing. I area in past, say

Operator

Andrew from with comes question Baird. Wittmann next Our

Andrew J. Wittmann

picture. a then margin you better, couple just broader help here, the go I'll to quarter year-over-year But us comparison. to understand have remind little I could bit little on maybe a a just I questions guess of bit

that mentioned last costs health and care costs were You elevated. year's legal

known these kind to comp. that was want easy you But that areas. So of margin had a leverage actually in other understand

those understand energy or think unusual would underlying on benefit you the you to or can bit, labor, we health prior well? just legal the can quantify in a little what be us were amount costs of year, thing what So another things that maybe as care so help set level understand from to were, the merchandise, comment

Shane O’Connor

that, our about at take points. take is Andy. year-over-year, comparison the XXX in core I'll look basis a you Yes, When comparison our

ran in a reserve. mentioned, year this a health as XXX just So when better well as our point. we care account items as as high. had that I that last year, to had points related result, we with basis for expense quarter, compare X high claims third to you as mentioned, And corresponding about that Those

really, were points The other comp. XX payrolls in those costs items factors of difference. trends that favorable which I equally had to X our our input account mentioned, other are and basis the operating merchandise, that favorable for And contributing the

Andrew J. Wittmann

Okay. ask that guess you I helpful. know That's guys I super question. always

thanks So that. for

Shane O’Connor

both You about haven't had energy, that. was asked I spoken to Energy X.X% of quarters. revenues in

was that a So consistent comparison.

Andrew J. Wittmann

mean, for That's change quarter given you to margin a look the quarter didn't margin of still I your bit in fiscal got raised a plan. third I outlook. little helpful. the Obviously, that just margin quarter in factors, the because any fourth guidance, the I leverage. But than other beat think a points in I you guess you I guidance. better your you saw at came here. good pass guys that benefits did through XX you that these -- really by guess lot fiscal you is basis to fourth pretty

in the XQ. just going I if or there's So saw it if the an the it wondering if you offset through to would quarter, process that that you somewhere this give come suggest benefit else being that is you're margin was in thought in could behind conservative P&L,

Shane O’Connor

of When First Yes. the outperformance business. was well in at specialty we look by performance our quarter, take as Garments in Aid that third our some the a as our informed

down fourth and As specialty usually we've seasonal is quarter. has mentioned, garments it

would So be headwind. sequentially, performance a obviously, that

to third carry benefit that we saw over. So in the weren't the quarter we that expecting

our continued We've been sort merchandise gone into into A as anticipated carry things quarter. year, trend that anticipated. lot of third we've and that the of some about about. contribute did some when of merchandise again, actually we've Laundry was But been fourth. throughout that the receiving was the that favorable like that. of Those to forward payrolls, trends or our we Core talk talking

other sourcing. and variable the they more Steve we of favorably were from as quarter-to-quarter Our that, relates in to are of pleased tend be bid. trended as believe, that, some And some things see, some the mentioned, well. input we to we out that had costs of putting to But quarter, to operating do

the forecast that third cautious being of sure the some the in we timing relates for as the saw we favorability just were weren't So to to make quarter, they it influenced by fourth that items.

Andrew J. Wittmann

for appreciate dig your prepared some you just here. guess you I that. I Okay. to remarks. Steve, had wanted one guess then I accounts maybe, the your of comments into in And national on that I

national fiscal guys this quarter you you You about large 'XX talked I your of before. mentioned first that in think of account, kind installed

think in about for is account, national that basis other around points said by large said what XX you But top pipeline. my talk like I accounts, you it the had of calculation, script. think the sounded it's on revenue you maybe I X, just you comments

going those today? So or of to broadly I to if on them business these or positivity won? enthusiasm that? on installed. that is the to national dynamic you National hasn't your talk for And changing competitive National in terms the the your wanted you've things accounts, you've the what's the looking maybe clarify what were about wanted Or of are referring yet you've stuff number won been in quotes comments that what And maybe out retroactively hands Accounts of you're that more more got seeing around Account on comment National Accounts, your just you already bids or at the

Steven Sintros

Yes.

will year, we this good also specifically beginning in accounts that because really seeing that guess, -- next of to more about materializing provide what in comment of fiscal right? head have year, is to that as activity. really just again, accounts But comp our little definitely the was installed about I was earlier difficult being So a signed and are last pipeline. from we market. wasn't year. early the the opportunities at the or we've this we right the it's of It commentary during on above, into the success I the install, growth that around had account So all would the think highlight the year, say good in year bit I have yet a but wanted

and of few there for an more balance, the we probably and a through falling again, coming folks available are category inflationary maybe yes, time And into out probably opportunities, seeing with programs some opportunities. on looking

Andrew J. Wittmann

leave I'll Okay. it there.

Operator

Mehta question next Kartik Research. comes from Our with Northcoast

Kartik Mehta

I to just you know back on just is and the Or that were increases? pricing to more getting during not the getting your are modest? normal wanted comments and increase a to you pricing inflationary little bit. price period, bit go competition a little price understand getting you're today they're than I increases

Steven Sintros

you when to right? continue certainly accounts we're you price increases the annual escalators. think a But We consistently going we're through environment, get about and think going renewing price, through think I where about and cycle

you appropriately yes, customers general, the through potentially getting of And on based a competition. from as to your so more price secure of cycles, in in renewals between it's go also the customer, balance those the profile trying face

out really with the big gone And customers mounting there a at to there's costs. develop out I and we cost areas. pricing think just it's continuing of our in to at think now. And can just looking in service through the going years more focus market. show sort just there and And But make really many, many we've again, of secure the I more of activity relationships right renewals there sure all all customers is out mean I appropriate activity maintain forward. value

Kartik Mehta

try result environment you as kind your are at curtailing that something more that at costs. all greater new of or And large for competitive. accounts look been if I opportunity always seeing product there well? to I'm accounts, look know you companies have as new competition? in When kind price could of accounts wondering changes

Steven Sintros

think I now. are No, cycle Yes. a unique we right in

you which inflation in off of I was years. experienced at levels it, coming job period general, their providers happy last of the and then customers think mean the where, service hit were we were if a went that very did to able very think cycle. a COVID couple service if escalated about think cycle through And over show a that where we were up which costs them, through great significantly. really I I you

And down provide I by think, And both now other sales entering other things provide elevated think probably it competition challenges cost. yes, focus are and in opportunities, as some those seeing a well, but you are does and that in areas. as of that some settling period I we're areas, of does customers on

Kartik Mehta

fourth growth, bit And your it Or On to just similar would you quarter? one a comment, when last see say what anticipate would of kind you're you little growth 'XX in one. modest differently. FY to you going define the

Steven Sintros

heading nature I more that just think sure course impact of said other our part that communicating there's between obviously, fourth we the want the the trend. things and that the early that that make I And environment trajectory. expect prepared higher remarks, opportunities next than now could into mentioned that of and be accounts year, are modest installed a we we tougher to comps it's do materialize as we of early based outlook that can be well we're year that annualization pricing the then and happen lot we on want those to growth in and the reason in fiscal to could to a for tough But account of transparency, the again, And 'XX, highlight national as quarter. giving which over is just year. I last

Operator

next Our Blair. comes from McFadden William question Luke with

Benjamin Luke McFadden

positive you operations wanted any deal. to relative to we're met that with Clean business integration when has the there business Were X-year process? closed I of on if the Mulrooney William This a the is ask, first curious the to or Luke acquisition, McFadden anniversary with Tim the for surprises the negative Blair. or expectations relating

Steven Sintros

of broadly virtually everything the we're We the has company. we're expectations. been work more how we've to say more a as would complex Yes. the a of year due happy, talked on patient doing met and technology integration I aspects be Good No, some to going our ago question. very that

So in of some little come. supply facilities activities that kind year the able to to off integration those bit and areas. a more type separately and some there's first of pick continue of our low-hanging purchasing But some were synergies chain and be run power from facilities to our still expectations other fruit of to

As well been doing all as the employees we're and make from that important successful customers assets sure very that are the maintaining we've that acquisition. very And that.

not And it largest our I thought piece know overall ahead performed into of it's we the has coming but of business, the where it year. would

Benjamin Luke McFadden

Great. are for And sit end kind How seeing acquisitions today? as And into growth we would characterize sticking of shape environment appetite through of the helpful. where how of here inorganic just you year move kind M&A maybe of the the here. you XXXX? and Very from with you your then the

Steven Sintros

strong. still the Yes. is appetite Certainly,

I several a now. months as think out I there very We the that activity is see nowhere we say an right right amount Clean overwhelming years, quickly, over spotty. deal. would we've about say talked acquisition little but there's of before of the that I materialized did somewhat interest, out wouldn't the now But activity some

for good assets available. appetite. keep cash certainly healthy they continue the I become to in as are marketplace interested we So have and the and flows talked the improving our an develop balance about sheet. We and relationships certainly

Operator

Our JPMorgan. next Andrew Steinerman with question from comes

Andrew Steinerman

questions. One on service. amortization, merchandise It's customer one on Two Andrew.

to that an I quarter, Would second characterize just you really amortization we're thinking back quantify at little being way. point It for slightly the just flat in know that could quarter, a tailwind. amortization, like the maybe sounds merchandise it like a bit Merchandise you inflection was it to third up.

retention second prepared your you is are on our service been in Like service question you vision the about client you do where provider. enhanced measure is currently it's And to know long like service talked a customer best remarks, service My customer How experience. I service. it customer journey? experience NPS? experience? that your it Is become score, about goal and

Shane O’Connor

Yes.

the right, flat. So the the year relatively Andrew, to our on as it about was income. operating merchandise, impact were we you're talking relates merchandise in of earlier It when

the gone impact still through was to it's the As XX about year, The on XX favorable basis nominal. the we've there quarter has to relatively seen expand, that points. a benefit benefit of continued we've

Andrew Steinerman

Okay.

Shane O’Connor

Yes.

the those for aside legal, mentioned, the from from the other benefit other had care equally claims and that items. I accounting point We're basis health items, that XX comparison shared As expense comparison.

Steven Sintros

the service Yes, I'll take Andrew. customer question,

program of terms has our always more have terms it's ourselves, would been of for how last formal time, we first introduced the over the responses factor. And a measure growing key And and in In on. we year, retention a with customers. NPS I so say

we've So yet pleased results. where But we're not communicating we'd early we've with at the point be been the results that been getting.

out pretty talked being about feeling can the good as match. where And I that that differentiated retention by is really is market, that But reputation our said, service that there, we've the with over XXX get to have a services, point the locations with go as before, reputation. location think in we coast-to-coast really our lines consistency, up that and overall location, out goal and to to state-to-state, for bid we

people investments making lot we're of technology, in, designed outcome. And it's whether a are enhancing really facilities, and around that all

additional becoming I an some invest again, think of focus to always it's even satisfaction, as we true focus. in measure company, been technology but So in a bigger ways customer it's the

Operator

Our comes Josh next UBS. with Chan from question

Joshua Chan

might though price? dip retention concede to starting typical retention levels, retention levels? now on below your successful are maintaining some you to even at rates Or is On have you your normal

Steven Sintros

pricing in say it to as the quarters, it well, of think, has I bit we've ticked I compared a results some historical, more not nature. really environment the again, in factors I improved lot went couple overestimate maybe Yes. to balance to area. is we But last I accounts, think more cycle up based on of it's our, said a competitive is want lost now I a in should we're that our up earlier. say think the on a But don't have and mentioned say environment competitive right bit I I we say, would that. through I it as where of saw would much but around would and yes, I the the

Joshua Chan

ballpark All should forward? then, face forward, quantify margin expansion about we that right. kind can Appreciate think slower color. guess, you growth? way looking us of I going that And that the Is for of there in any how or

Steven Sintros

Yes.

I margins think not make next about to year, point, or at into position a this we're comments really additional forward. the going looking in results

prepared cyclical, and inflection pleased mentioned and I we before, is sort Shane mentioned with somewhat we're slower. of continue, particularly merchandise, an from a of we focus doing point on a perspective that in hitting number the drive we to mentioned, operational of some if our as cost be trends which someone but remarks, the think I growth as things cost execution to perspective, going is of improvements, also on sourcing are

Joshua Chan

lapping one is fourth Okay. the inclusive technical week be growth question Yes. that that maybe this modest fiscal year? just than more And of your more [indiscernible]? Or the the could Is extra then comment quarter. that 'XX

Steven Sintros

extra of we're apples-to-apples week. of of talking excluding Everything Yes. sort about sort the the there is impact

Operator

turn this showing I'd remarks. any not any Steve time. to closing back to over I'm questions for further like the at call

Steven Sintros

outlook us like to today for well great forward have report fourth I'd and October day. our again for when our 'XX. we provide results. look expect a with to as our joining thank fiscal in you, Great. just as review everyone quarter to Thank to everyone We speaking

Operator

today's gentlemen, does and conclude this presentation. Ladies

disconnect, and a have may You day. now wonderful

UniFirst (UNF) 26 Jun 242024 Q3 Earnings call transcript