UniFirst speciality garments segment performance down for Q2
31 Mar '06
3 min read
Excluding the Company's Specialty Garments and First Aid segments, income from operations from the Company's core laundry business decreased 15.9 percent and 4.2 percent in the comparable quarterly and six month periods.
The primary reasons for the decline in the core laundry business' profitability were increased natural gas, fuel and merchandise costs. Selling costs also continue to be high as a percentage of revenues compared to fiscal 2005 due to a conscious effort to increase the size of the Company's sales force.
In addition, the core laundry operations profitability was impacted in the quarter by higher than expected employee related costs, including healthcare claims.
The Company will hold a conference call at 4:00 PM (EST) to discuss its quarterly financial results, business highlights and outlook. A simultaneous live webcast of the call will be available over the Internet and can be accessed at www.unifirst.com.
UniFirst is one of the largest providers of workplace uniforms, protective clothing and facility services products in North America. The Company employs 9,200 team partners who serve approximately 190,000 customer locations in 46 states, Canada and Europe from 179 manufacturing, distribution and customer service facilities.
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