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UNIFIRST CORP

For the period ended Aug 30, 2025. Filed Oct 29, 2025.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Oct 29, 2025

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

Segment Reporting

  1. Segment Reporting

Operating segments are identified as components of an enterprise for which separate discrete financial information is available for evaluation by the chief operating decision-maker, or decision-making group, in making decisions on how to allocate resources and assess performance.

Prior to May 31, 2025, the Company organized its business intosix operating segments: U.S. Rental and Cleaning, Canadian Rental and Cleaning, Manufacturing (“MFG”), Specialty Garments Rental and Cleaning (“Specialty Garments”), First Aid and Corporate. The U.S. Rental and Cleaning and Canadian Rental and Cleaning operating segments were previously combined to form the U.S. and Canadian Rental and Cleaning reporting segment, and as a result, the Company had five reporting segments. The Company previously referred to its U.S. and Canadian Rental and Cleaning, MFG, and Corporate segments combined as its “Core Laundry Operations.”

Beginning with the fourth quarter of 2025, the Company reorganized its business into three reportable operating segments:

Uniform & Facility Service Solutions: This reporting segment consolidates the former U.S. and Canadian Rental and Cleaning, MFG and Corporate segments and includes our cleanroom solutions, which was previously part of the Specialty Garments reporting segment. The Uniform & Facility Service Solutions reporting segment designs, manufactures, purchases, rents, cleans, delivers and sells, uniforms and protective clothing and non-garment items in the U.S. and Canada. The segment, through our cleanroom solutions, also purchases, rents, cleans, delivers and sells specialty garments and non-garment items primarily for cleanroom applications and provides cleanroom cleaning at limited customer locations. Additionally, Uniform & Facility Service Solutions consists of our distribution center, sales and marketing, information systems, engineering, materials management, manufacturing planning, finance, budgeting, human resources, other general and administrative costs and interest expense.

First Aid & Safety Solutions: We renamed our First Aid reporting segment as the First Aid & Safety Solutions reporting segment to better reflect the scope of services and products offered. The First Aid & Safety Solutions reporting segment sells first aid cabinet services, non-prescription medicines and safety supplies, and provides certain safety training.

Other: This reporting segment currently consists of our nuclear solutions, which was previously part of the Specialty Garments reporting segment with our cleanroom solutions. The segment purchases, rents, cleans, delivers and sells, specialty garments and non-garment items primarily for nuclear applications.

The Company’s chief operating decision maker (the “CODM”) is the Chief Executive Officer. The modifications to the Company’s reporting segments reflect how the CODM assesses performance and allocates resources. The CODM uses segment revenues and segment operating income to assess performance and allocate resources. The Company has recast prior certain period segment results to conform with the current presentation. Asset information is not utilized by the CODM for purposes of assessing performance or allocating resources, and therefore such information has not been presented.

The following table includes our financial results by reportable segment for the periods indicated (in thousands):

As of and forthe year ended August 30, 2025Uniform & Facility Service SolutionsFirst Aid & Safety SolutionsOtherTotal
Revenues$2,218,562$114,586$99,204$2,432,352
Cost of revenues1,403,13375,02764,2401,542,400
Selling and administrative expenses513,50734,89116,701565,099
Depreciation and amortization133,4203,8153,120140,355
Operating Income$168,502$853$15,143$184,498
Capital expenditures$147,265$5,035$2,045$154,345
As of and forthe year ended August 31, 2024Uniform & Facility Service SolutionsFirst Aid & Safety SolutionsOtherTotal
Revenues$2,224,030$106,271$97,130$2,427,431
Cost of revenues1,444,43773,28162,1171,579,835
Selling and administrative expenses475,73531,37915,472522,586
Depreciation and amortization134,8313,4433,158141,432
Operating Income$169,027$(1,832)$16,383$183,578
Capital expenditures$153,480$3,169$3,768$160,417
As of and forthe year ended August 26, 2023Uniform & Facility Service SolutionsFirst Aid & Safety SolutionsOtherTotal
Revenues$2,041,180$94,824$97,043$2,233,047
Cost of revenues1,352,98567,48660,8251,481,296
Selling and administrative expenses453,07726,95316,885496,915
Depreciation and amortization115,0542,9363,243121,233
Operating Income$120,064$(2,551)$16,090$133,603
Capital expenditures$166,022$4,037$1,932$171,991

The Company’s long-lived assets as of August 30, 2025 and August 31, 2024 and revenues and income before income taxes for fiscal 2025, 2024 and 2023 were attributed to the following countries (in thousands):

Long-lived assets as of:August 30,2025August 31,2024
U.S.$1,763,658$1,696,273
Europe, Canada, Mexico and Nicaragua (1)89,89484,463
Total$1,853,552$1,780,736
Revenues for fiscal years:202520242023
U.S.$2,245,894$2,237,295$2,054,601
Europe and Canada (1)186,458190,136178,446
Total$2,432,352$2,427,431$2,233,047
Income before income taxes for fiscal years:202520242023
U.S.$177,041$178,895$129,997
Europe, Canada, Mexico and Nicaragua (1)18,33410,4848,840
Total$195,375$189,379$138,837

(1)

No country other than the U.S. accounts for greater than 10% of total long-lived assets, revenues or income before income taxes.

  1. Related Party

During fiscal 2025, 2024 and 2023, the Company reco gnized $1.7 million, 1.5 million and $1.6 million, respectively, of revenues with a company for which a member of the Company’s Board of Directors served as senior officer for such periods.

During fiscal 2025, the Company didnot record any material expenses with a related party. During fiscal 2024 and 2023, the Company recorded $2.1 million and $3.2 million, respectively, of expense with a company for whichone member of the Company’s Board of Directors was an executive officer for a portion of such periods. Such member of the Board of Directors is no longer an executive officer of the company, and as a result, no such expenses were categorized as related party during fiscal 2025.

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