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UNIFIRST CORP

For the period ended Nov 30, 2024. Filed Jan 10, 2025.

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About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Nov 30, 2024 · Filed Jan 10, 2025

UNF$235.40-3.2%Stored close · as of Nov 6, 2026
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United States

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-Q

☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended November 30,2024

OR

☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to

Commission file number:001-08504

UNIFIRST CORPORATION

(Exact name of registrant as specified in its charter)

Massachusetts04-2103460
(State or Other Jurisdiction ofIncorporation or Organization)(I.R.S. EmployerIdentification No.)
68 Jonspin Road, Wilmington, MA01887
(Address of Principal Executive Offices)(Zip Code)

(978) 658-8888

(Registrant’s Telephone Number, Including Area Code)

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

Title of each classTrading SymbolName of each exchange on which registered
Common Stock, $0.10 par value per shareUNFNew York Stock Exchange

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer”, “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer☒Accelerated filer☐
Non-accelerated filer☐Smaller Reporting Company☐
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. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No☒

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.

The number of outstanding shares of UniFirst Corporation Common Stock and Class B Common Stock as of January 2, 2025 were 15,007,187 and 3,558,435, respectively.

UniFirst Corporation

Quarterly Report on Form 10-Q

For the Thirteen Weeks Ended November 30, 2024

Table of Contents

Part I – FINANCIAL INFORMATION3
Item 1 – Financial Statements (unaudited)3
Consolidated Statements of Income for the Thirteen Weeks ended November 30, 2024 and November 25, 20233
Consolidated Statements of Comprehensive Income for the Thirteen Weeks ended November 30, 2024 and November 25, 20234
Consolidated Balance Sheets as of November 30, 2024 and August 31, 20245
Consolidated Statements of Shareholders’ Equity for the Thirteen Weeks ended November 30, 2024 and November 25, 20236
Consolidated Statements of Cash Flows for the Thirteen Weeks ended November 30, 2024 and November 25, 20237
Notes to Consolidated Financial Statements8
Item 2 – Management’s Discussion and Analysis of Financial Condition and Results of Operations24
Item 3 – Quantitative and Qualitative Disclosures About Market Risk34
Item 4 – Controls and Procedures35
Part II – OTHER INFORMATION36
Item 1 – Legal Proceedings36
Item 1A – Risk Factors36
Item 2 – Unregistered Sales of Equity Securities and Use of Proceeds36
Item 3 – Defaults Upon Senior Securities36
Item 4 – Mine Safety Disclosures36
Item 5 – Other Information37
Item 6 – Exhibits38
Signatures2
Certifications
Ex-31.1 Section 302 Certification of CEO
Ex-31.2 Section 302 Certification of CFO
Ex-32.1 Section 906 Certification of CEO
Ex-32.2 Section 906 Certification of CFO
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.