# EDGAR Filing Document

**Accession Number:** 0000717954
**File Stem:** 0001193125-25-245773
**Filing Date:** 2025-10
**Character Count:** 40280
**Document Hash:** 6c0257b12a524b0bafb9e85cfd73891b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-245773.hdr.sgml**: 20251022

**ACCESSION NUMBER**: 0001193125-25-245773

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 12

**CONFORMED PERIOD OF REPORT**: 20251022

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20251022

**DATE AS OF CHANGE**: 20251022

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** UNIFIRST CORP
- **CENTRAL INDEX KEY:** 0000717954
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-PERSONAL SERVICES [7200]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 042103460
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0829

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-08504
- **FILM NUMBER:** 251408692

**BUSINESS ADDRESS:**
- **STREET 1:** 68 JONSPIN RD
- **CITY:** WILMINGTON
- **STATE:** MA
- **ZIP:** 01887
- **BUSINESS PHONE:** (978) 658-8888

**MAIL ADDRESS:**
- **STREET 1:** 68 JONSPIN ROAD
- **CITY:** WILMINGTON
- **STATE:** MA
- **ZIP:** 01887

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** INTERSTATE UNIFORM SERVICES CORP/MA
- **DATE OF NAME CHANGE:** 19840410

?xml version='1.0' encoding='ASCII'? 8-K

**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):** **October 22, 2025**![img20579840_0.jpg](img20579840_0.jpg)

UNIFIRST CORP**ORATION** 

**(Exact name of registrant as specified in its charter)** 

------

---

| | | | |
|:---|:---|:---|:---|
| Massachusetts | 001-08504 | 001-08504 | 04-2103460 |
| **(State or other jurisdiction**<br>**of incorporation)** | **(Commission File Number)** | **(Commission File Number)** | **(IRS Employer**<br>**Identification No.)** |
| 68 Jonspin Road**,** Wilmington**,** Massachusetts  | 68 Jonspin Road**,** Wilmington**,** Massachusetts  | 01887 | 01887 |
| **(Address of Principal Executive Offices)** | **(Address of Principal Executive Offices)** | **(Zip Code)** | **(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 Instructions A.2. below):

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

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

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

☐ 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:

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Title of each class** | &nbsp;&nbsp;**Trading symbol(s)** | &nbsp;&nbsp;**Name of each exchange on which registered** |
| &nbsp;&nbsp;Common Stock, $0.10 par value per share | &nbsp;&nbsp;UNF | &nbsp;&nbsp;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 ☐

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. ☐

------

**Item 2.02 Results of Operations and Financial Condition.**

On October 22, 2025, UniFirst Corporation (the "Company") issued a press release ("Press Release") announcing financial results for the fourth quarter and full year of fiscal 2025, which ended on August 30, 2025. 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, shall not be deemed "filed" for any purpose, including for purposes of Section 18 of the Securities Exchange Act of 1934 (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 or the Exchange Act, regardless of any general incorporation language in such filing.

**Item 9.01 Financial Statements and Exhibits.**

(d) <u>Exhibits</u>

---

| | |
|:---|:---|
| **Exhibit**<br>**Number** | **Description** |
| 99 | [<u>Press release of the Company dated October 22, 2025</u>](unf-ex99.htm) |
| 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 | UNIFIRST CORPORATION |
| Date: October 22, 2025 | 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

**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 FOURTH QUARTER AND FULL FISCAL YEAR OF FISCAL 2025**

**Wilmington, MA – October 22, 2025** – UniFirst Corporation (NYSE: UNF) (the "Company," "UniFirst" or "we") today reported results for its fourth quarter and full year ended August 30, 2025, as compared to the corresponding periods in the prior fiscal year. The fourth quarter and full year in fiscal 2024 included an extra week of operations as compared to fiscal 2025.

**Q4 2025 Financial Highlights**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Consolidated revenues for the fourth quarter were $614.4 million compared to $639.9 million in the prior year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Excluding the impact of the extra week of operations in fiscal 2024, consolidated revenues increased 3.4%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Operating margin was 8.1% of revenues compared to 8.4% of revenues in the prior year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•The quarterly tax rate was 20.2% compared to 21.8% in the prior year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Net income was $41.0 million compared to $44.6 million in the prior year

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Diluted earnings per share decreased to $2.23 from $2.39 in the prior year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Adjusted EBITDA margin was 14.3% of revenues compared to 14.9% of revenues in the prior year.

The Company's financial results for the fourth quarters of fiscal 2025 and 2024 included approximately $1.4 million and $1.8 million, respectively, of costs directly attributable to its customer relationship management ("CRM") computer system and enterprise resource planning ("ERP") projects. The Company refers to the CRM and ERP projects together as its "Key Initiatives". The effect of these items on the fourth quarter of fiscal 2025 and 2024 combined to decrease:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Operating income and Adjusted EBITDA by $1.4 million and $1.8 million, respectively.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Net income by $1.1 million and $1.3 million, respectively.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Diluted earnings per share by $0.05 and $0.07, respectively.

**Fiscal 2025 Financial Highlights**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Full year consolidated revenues were $2.432 billion, an increase of 0.2%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Excluding the impact of the extra week of operations in fiscal 2024, full year revenues increased 2.1%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Full year operating income was $184.5 million, an increase of 0.5%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Net income for the year increased to $148.3 million from $145.5 million in the prior year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Diluted earnings per share increased to $7.98 from $7.77 in the prior year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Adjusted EBITDA margin was 13.8% of revenues as compared to 13.7% of revenues in the prior year.

The Company's financial results for the full years of fiscal 2025 and 2024 included $6.8 million and $11.8 million, respectively, of costs directly attributable to its Key Initiatives. The effect of these items on the full years of fiscal 2025 and 2024 combined to decrease:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Operating income and Adjusted EBITDA by $6.8 million and $11.8 million, respectively.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Net income by $5.1 million and $9.0 million, respectively.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Diluted earnings per share by $0.28 and $0.48, respectively.

Steven Sintros, UniFirst President and Chief Executive Officer, said, "We closed the year with a solid fourth quarter. I am proud of the Company's accomplishments during fiscal 2025 as we execute our strategic plan to drive long-term growth through investments in our people, technology and operational execution. I want to sincerely thank all of our Team Partners who continue to *Always Deliver* for each other and our customers as we strive towards our vision of being universally recognized as the best service provider in the industry. …all while living our mission of ***Serving the People Who do the Hard Work.***"

------

**Changes to Operating and Reportable Segments**

Beginning with the fourth quarter of 2025, we are reporting results under three operating and reportable segments. This shift in reportable segments reflects how our leadership oversees and manages the business. Our three operating and reportable segments consist of the following:

***Uniform & Facility Service Solutions***

***First Aid & Safety Solutions***

***Other***

To assist investors, we have provided certain recast unaudited historical financial and operational data that is on a basis consistent with our revised segment structure. This data can be found both in our Form 8-K filed on October 17, 2025 and on our Investor Relations webpage under "News Releases." These changes only affect segment allocation of results and do not revise or restate our previously reported consolidated financial statements.

**Q4 2025 Segment Financial Highlights**

<u>Uniform & Facility Service Solutions</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Revenues for the quarter were $560.1 million compared to $586.0 million in the prior year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Organic growth, which excludes the effect of acquisitions, fluctuations in the Canadian dollar and the impact of the extra week of operations in fiscal 2024, was 2.9%. The Uniform & Facility Service Solutions' organic growth rate was primarily the result of solid new account sales and improved customer retention.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Operating margin was 8.3% compared to 8.7% in the prior year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Adjusted EBITDA margin was 14.8% compared to 15.3% in the prior year.

The costs we incurred related to the Key Initiatives were recorded to the Uniform & Facility Service Solutions' segment, and decreased both the Uniform & Facility Service Solutions' operating and Adjusted EBITDA margins for the fourth quarters of fiscal 2025 and 2024 by 0.2% and 0.3%, respectively.

The segment's operating and Adjusted EBITDA margins in the fourth quarter of fiscal 2025 were down slightly from the fourth quarter of fiscal 2024, which benefited from the extra week of operations. In addition, the quarterly results reflect additional investments in accelerating growth, improving customer retention and our digital transformation.

<u>First Aid & Safety Solutions</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Revenues for the quarter were $31.1 million compared to $29.3 million in the prior year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Organic growth was 12.4%, driven by strong growth in our First Aid van business.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Operating income and Adjusted EBITDA were $0.5 million and $1.5 million, respectively.

The segment's results continue to reflect the investments we are making in our First Aid van business.

**Balance Sheet and Capital Allocation**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Cash, cash equivalents and Short-term investments totaled $209.2 million as of August 30, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Cash flow from operating activities increased to $296.9 million in fiscal 2025, or 0.5%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•The Company had no long-term debt outstanding as of August 30, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•The Company paid dividends to shareholders of $24.6 million in fiscal 2025, an increase of 5.5% from the prior year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•During fiscal 2025, the Company repurchased 402,415 shares of Common Stock for approximately $70.9 million. As of August 30, 2025, the Company had $40.6 million remaining under its existing share repurchase authorization.

------

**Financial Outlook**

Mr. Sintros continued, "For fiscal 2026, we expect our revenues to be between $2.475 billion and $2.495 billion and fully diluted earnings per share to be between $6.58 and $6.98. This guidance includes an estimated $7.0 million of costs directly attributable to our Key Initiatives that we anticipate will be expensed in fiscal 2026. Please note the following regarding our guidance:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Net income, at the midpoint of the range, is expected to be $124.1 million.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Consolidated Operating Income, at the midpoint of the range, is expected to be $158.8 million.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Consolidated Adjusted EBITDA, at the midpoint of the range, is expected to be $319.7 million.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Net income, Operating Income and Diluted earnings per share are anticipated to be impacted by higher depreciation and amortization assumptions, largely due to the projected deployment of our ongoing Oracle ERP initiative. In addition, fiscal 2026 is expected to have higher stock-based compensation expense. As a reminder, these non-cash items are excluded from Adjusted EBITDA.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Uniform & Facility Service Solutions' organic revenue growth, at the midpoint of the range, is expected to be 2.6%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Uniform & Facility Service Solutions' operating and Adjusted EBITDA margins, at the midpoint of the range, are expected to be 6.6% and 13.3%, respectively.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Overall results are anticipated to be impacted by lower expected revenue and profitability out of our nuclear services business.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•The effective tax rate is assumed to be 26.0%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Guidance does not include the impact of any future share buybacks or unexpected events affecting the economy generally.

**Conference Call Information** 

UniFirst Corporation will hold a conference call today at 9:00 a.m. (ET) to discuss its quarterly and full year 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.

**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**

------

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, 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 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 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 weaknesses in internal control over financial reporting disclosed in our Annual Report on Form 10-K for the year ended August 31, 2024 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 31, 2024, 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)***

---

| | | | | |
|:---|:---|:---|:---|:---|
| **(In thousands, except per share data)** | **Thirteen <br>weeks ended <br>August 30, 2025** | **Fourteen <br>weeks ended <br>August 31, 2024** | **Fifty-two<br> weeks ended <br>August 30, 2025** | **Fifty-three<br> weeks ended <br>August 31, 2024** |
| Revenues | $614447 | $639867 | $2432352 | $2427431 |
| **Operating expenses:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Cost of revenues <sup>(1)</sup> | 382012 | 408604 | 1542400 | 1579835 |
| &nbsp;&nbsp;&nbsp;Selling and administrative expenses <sup>(1)</sup> | 146980 | 139236 | 565099 | 522586 |
| &nbsp;&nbsp;&nbsp;&nbsp;Depreciation and amortization | 35879 | 37979 | 140355 | 141432 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total operating expenses | 564871 | 585819 | 2247854 | 2243853 |
| Operating income | 49576 | 54048 | 184498 | 183578 |
| **Other (income) expense:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest income, net | (2348) | (2652) | (9770) | (7242) |
| &nbsp;&nbsp;&nbsp;&nbsp;Other expense (income), net | 513 | (372) | (1107) | 1441 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total other income, net | (1835) | (3024) | (10877) | (5801) |
| Income before income taxes | 51411 | 57072 | 195375 | 189379 |
| Provision for income taxes | 10384 | 12437 | 47104 | 43905 |
| Net income | $41027 | $44635 | $148271 | $145474 |
| **Income per share – Basic:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Common Stock | $2.32 | $2.50 | $8.33 | $8.11 |
| &nbsp;&nbsp;&nbsp;&nbsp;Class B Common Stock | $1.86 | $2.00 | $6.66 | $6.49 |
| **Income per share – Diluted:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Common Stock | $2.23 | $2.39 | $7.98 | $7.77 |
| **Income allocated to – Basic:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Common Stock | $34420 | $37472 | $124551 | $122188 |
| &nbsp;&nbsp;&nbsp;&nbsp;Class B Common Stock | $6607 | $7163 | $23720 | $23286 |
| **Income allocated to – Diluted:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Common Stock | $41027 | $44635 | $148271 | $145474 |
| **Weighted average shares outstanding – Basic:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Common Stock | 14823 | 15018 | 14961 | 15073 |
| &nbsp;&nbsp;&nbsp;&nbsp;Class B Common Stock | 3552 | 3590 | 3560 | 3590 |
| **Weighted average shares outstanding – Diluted:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Common Stock | 18438 | 18683 | 18581 | 18724 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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)** | **August 30,<br>2025** | **August 31,<br>2024** |
| **Assets** |  |  |
| Current assets: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Cash and cash equivalents | $203501 | $161571 |
| &nbsp;&nbsp;&nbsp;&nbsp;Short-term investments | 5672 | 13505 |
| &nbsp;&nbsp;&nbsp;&nbsp;Receivables, net | 285297 | 278851 |
| &nbsp;&nbsp;&nbsp;&nbsp;Inventories | 145197 | 156908 |
| &nbsp;&nbsp;&nbsp;&nbsp;Rental merchandise in service | 227720 | 237969 |
| &nbsp;&nbsp;&nbsp;&nbsp;Prepaid taxes | 7708 | 14893 |
| &nbsp;&nbsp;&nbsp;&nbsp;Prepaid expenses and other current assets | 49508 | 51979 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total current assets | 924603 | 915676 |
| Property, plant and equipment, net | 829622 | 801612 |
| Goodwill | 657748 | 648850 |
| Customer contracts and other intangible assets, net | 105829 | 119999 |
| Deferred income taxes | 977 | 833 |
| Operating lease right-of-use assets, net | 70110 | 66682 |
| Other assets | 189266 | 142761 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | $2778155 | $2696413 |
| **Liabilities and shareholders' equity** |  |  |
| Current liabilities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Accounts payable | $94980 | $92509 |
| &nbsp;&nbsp;&nbsp;&nbsp;Accrued liabilities | 176903 | 170240 |
| &nbsp;&nbsp;&nbsp;&nbsp;Accrued taxes | 674 | 447 |
| &nbsp;&nbsp;&nbsp;&nbsp;Operating lease liabilities, current | 17846 | 18241 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total current liabilities | 290403 | 281437 |
| Long-term liabilities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Accrued liabilities | 128554 | 123401 |
| &nbsp;&nbsp;&nbsp;&nbsp;Accrued and deferred income taxes | 135648 | 132496 |
| &nbsp;&nbsp;&nbsp;&nbsp;Operating lease liabilities | 54593 | 50568 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total long-term liabilities | 318795 | 306465 |
| Shareholders' equity: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Common Stock | 1468 | 1500 |
| &nbsp;&nbsp;&nbsp;&nbsp;Class B Common Stock | 355 | 359 |
| &nbsp;&nbsp;&nbsp;&nbsp;Capital surplus | 109107 | 104791 |
| &nbsp;&nbsp;&nbsp;&nbsp;Retained earnings | 2079812 | 2025505 |
| &nbsp;&nbsp;&nbsp;&nbsp;Accumulated other comprehensive loss | (21785) | (23644) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total shareholders' equity | 2168957 | 2108511 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total liabilities and shareholders' equity | $2778155 | $2696413 |

---

------

**Detail of Operating Results**

***(Unaudited)***

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Thirteen <br>weeks ended <br>August 30, 2025** | **Thirteen <br>weeks ended <br>August 30, 2025** | **Thirteen <br>weeks ended <br>August 30, 2025** | **Thirteen <br>weeks ended <br>August 30, 2025** | **Fourteen <br>weeks ended <br>August 31, 2024** | **Fourteen <br>weeks ended <br>August 31, 2024** | **Fourteen <br>weeks ended <br>August 31, 2024** | **Fourteen <br>weeks ended <br>August 31, 2024** |
| **(In thousands, except percentages)** | **Uniform & Facility Service Solutions** | **First Aid & Safey Solutions** | **Other** | **Total** | **Uniform & Facility Service Solutions** | **First Aid & Safey Solutions** | **Other** | **Total** |
| Revenues | $560072 | $31123 | $23252 | $614447 | $586022 | $29283 | $24562 | $639867 |
| *Revenue Growth %* | *-4.4%* | *6.3%* | *-5.3%* | *-4.0%* |  |  |  |  |
| Operating Income (Loss) <sup>(1), (2)</sup> | $46567 | $473 | $2536 | $49576 | $50834 | $95 | $3119 | $54048 |
| *Operating Margin* | *8.3%* | *1.5%* | *10.9%* | *8.1%* | *8.7%* | *0.3%* | *12.7%* | *8.4%* |
| Adjusted EBITDA <sup>(1), (2)</sup> | $83098 | $1511 | $3457 | $88066 | $89893 | $1035 | $4099 | $95027 |
| *Adjusted EBITDA Margin* | *14.8%* | *4.9%* | *14.9%* | *14.3%* | *15.3%* | *3.5%* | *16.7%* | *14.9%* |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)The Company's financial results for the fourth quarters of fiscal 2025 and 2024 included approximately $1.4 million and $1.8 million, respectively, of costs directly attributable to its Key Initiatives.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)The Key Initiatives' costs decreased both Uniform & Facility Service Solutions' operating and Adjusted EBITDA margins for the fourth quarters of fiscal 2025 and 2024 by 0.2% and 0.3%, respectively.

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Fifty-two<br> weeks ended <br>August 30, 2025** | **Fifty-two<br> weeks ended <br>August 30, 2025** | **Fifty-two<br> weeks ended <br>August 30, 2025** | **Fifty-two<br> weeks ended <br>August 30, 2025** | **Fifty-three<br> weeks ended <br>August 31, 2024** | **Fifty-three<br> weeks ended <br>August 31, 2024** | **Fifty-three<br> weeks ended <br>August 31, 2024** | **Fifty-three<br> weeks ended <br>August 31, 2024** |
| **(In thousands, except percentages)** | **Uniform & Facility Service Solutions** | **First Aid & Safey Solutions** | **Other** | **Total** | **Uniform & Facility Service Solutions** | **First Aid & Safey Solutions** | **Other** | **Total** |
| Revenues | $2218562 | $114586 | $99204 | $2432352 | $2224030 | $106271 | $97130 | $2427431 |
| *Revenue Growth %* | *-0.2%* | *7.8%* | *2.1%* | *0.2%* |  |  |  |  |
| Operating Income (Loss) <sup>(3), (4)</sup> | $168502 | $853 | $15143 | $184498 | $169027 | $(1832) | $16383 | $183578 |
| *Operating Margin* | *7.6%* | *0.7%* | *15.3%* | *7.6%* | *7.6%* | *-1.7%* | *16.9%* | *7.6%* |
| Adjusted EBITDA <sup>(3), (4)</sup> | $313198 | $4784 | $18788 | $336770 | $311610 | $1710 | $20022 | $333342 |
| *Adjusted EBITDA Margin* | *14.1%* | *4.2%* | *18.9%* | *13.8%* | *14.0%* | *1.6%* | *20.6%* | *13.7%* |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3)The Company's financial results for the full years of fiscal 2025 and 2024 included approximately $6.8 million and $11.8 million, respectively, of costs directly attributable to its Key Initiatives.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4)The Key Initiatives' costs decreased both Uniform & Facility Service Solutions' operating and Adjusted EBITDA margins for the full years of fiscal 2025 and 2024 by 0.3% and 0.5%, respectively.

------

**Consolidated Statements of Cash Flows**

***(Unaudited)***

---

| | | |
|:---|:---|:---|
| **(In thousands)** | **Fifty-two<br> weeks ended <br>August 30, 2025** | **Fifty-three<br> weeks ended <br>August 31, 2024** |
| **Cash flows from operating activities:** |  |  |
| Net income | $148271 | $145474 |
| Adjustments to reconcile net income to cash provided by operating activities: |  |  |
| &nbsp;&nbsp;Depreciation and amortization <sup>(1)</sup> | 140355 | 141432 |
| &nbsp;&nbsp;Share-based compensation | 12173 | 9773 |
| &nbsp;&nbsp;Accretion on environmental contingencies | 1280 | 1264 |
| &nbsp;&nbsp;Accretion on asset retirement obligations | 875 | 976 |
| &nbsp;&nbsp;Deferred income taxes | 3897 | 5231 |
| &nbsp;&nbsp;(Gain) loss on sale of property and equipment | (2117) | 561 |
| &nbsp;&nbsp;Other | 448 | 466 |
| Changes in assets and liabilities, net of acquisitions: |  |  |
| &nbsp;&nbsp;Receivables, less reserves | (6478) | 511 |
| &nbsp;&nbsp;Inventories | 12318 | (8458) |
| &nbsp;&nbsp;Rental merchandise in service | 10039 | 10548 |
| &nbsp;&nbsp;Prepaid expenses and other current assets and Other assets | (24330) | (12582) |
| &nbsp;&nbsp;Accounts payable | 2333 | (4069) |
| &nbsp;&nbsp;Accrued liabilities | (8774) | (3021) |
| &nbsp;&nbsp;Prepaid and accrued income taxes | 6582 | 7163 |
| Net cash provided by operating activities | 296872 | 295269 |
| **Cash flows from investing activities:** |  |  |
| Acquisition of businesses, net of cash acquired | (11911) | (203) |
| Capital expenditures, including capitalization of software costs | (154345) | (160417) |
| Purchases of investments | (20406) | (24581) |
| Maturities of investments | 28356 | 21679 |
| Proceeds from sale of assets | 3259 | 1286 |
| Net cash used in investing activities | (155047) | (162236) |
| **Cash flows from financing activities:** |  |  |
| Payment of deferred financing costs | (1164) |  |
| Proceeds from exercise of share-based awards | 4 | 4 |
| Taxes withheld and paid related to net share settlement of equity awards | (4473) | (3239) |
| Repurchase of Common Stock | (70895) | (23780) |
| Payment of cash dividends | (24625) | (23345) |
| Net cash used in financing activities | (101153) | (50360) |
| Effect of exchange rate changes | 1258 | (545) |
| Net increase in cash and cash equivalents | 41930 | 82128 |
| Cash and cash equivalents at beginning of period | 161571 | 79443 |
| Cash and cash equivalents at end of period | $203501 | $161571 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)Depreciation and amortization for the full year of fiscal 2025 and 2024 included approximately $17.0 million and $18.8 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 <br>weeks ended <br>August 30, 2025** | **Thirteen <br>weeks ended <br>August 30, 2025** | **Thirteen <br>weeks ended <br>August 30, 2025** | **Thirteen <br>weeks ended <br>August 30, 2025** | **Thirteen <br>weeks ended <br>August 30, 2025** |
| **(In thousands, except percentages)** | **Uniform & Facility Service Solutions** | **First Aid & Safey Solutions** | **Other** | **Unallocated Adjustments** | **Total** |
| Revenue | $560072 | $31123 | $23252 | $— | $614447 |
| Net income | $48402 | $473 | $2536 | $(10384) | $41027 |
| Provision for income taxes |  |  |  | 10384 | 10384 |
| Interest income, net | (2348) |  |  |  | (2348) |
| Depreciation and amortization | 34086 | 1008 | 785 |  | 35879 |
| Share-based compensation expense | 2958 | 30 | 136 |  | 3124 |
| Adjusted EBITDA | $83098 | $1511 | $3457 | $— | $88066 |
| *Adjusted EBITDA Margin* | *14.8%* | *4.9%* | *14.9%* |  | *14.3%* |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Fourteen <br>weeks ended <br>August 31, 2024** | **Fourteen <br>weeks ended <br>August 31, 2024** | **Fourteen <br>weeks ended <br>August 31, 2024** | **Fourteen <br>weeks ended <br>August 31, 2024** | **Fourteen <br>weeks ended <br>August 31, 2024** |
| **(In thousands, except percentages)** | **Uniform & Facility Service Solutions** | **First Aid & Safey Solutions** | **Other** | **Unallocated Adjustments** | **Total** |
| Revenue | $586022 | $29283 | $24562 | $— | $639867 |
| Net income | $53858 | $95 | $3119 | $(12437) | $44635 |
| Provision for income taxes |  |  |  | 12437 | 12437 |
| Interest income, net | (2652) |  |  |  | (2652) |
| Depreciation and amortization | 36214 | 913 | 852 |  | 37979 |
| Share-based compensation expense | 2473 | 27 | 128 |  | 2628 |
| Adjusted EBITDA | $89893 | $1035 | $4099 | $— | $95027 |
| *Adjusted EBITDA Margin* | *15.3%* | *3.5%* | *16.7%* |  | *14.9%* |

---

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Fifty-two<br> weeks ended <br>August 30, 2025** | **Fifty-two<br> weeks ended <br>August 30, 2025** | **Fifty-two<br> weeks ended <br>August 30, 2025** | **Fifty-two<br> weeks ended <br>August 30, 2025** | **Fifty-two<br> weeks ended <br>August 30, 2025** |
| **(In thousands, except percentages)** | **Uniform & Facility Service Solutions** | **First Aid & Safey Solutions** | **Other** | **Unallocated Adjustments** | **Total** |
| Revenue | $2218562 | $114586 | $99204 | $— | $2432352 |
| Net income | $179379 | $853 | $15143 | $(47104) | $148271 |
| Provision for income taxes |  |  |  | 47104 | 47104 |
| Interest income, net | (9770) |  |  |  | (9770) |
| Depreciation and amortization | 133420 | 3815 | 3120 |  | 140355 |
| Share-based compensation expense | 11532 | 116 | 525 |  | 12173 |
| Gain on the sale of a non-operating property | (2792) |  |  |  | (2792) |
| Executive transaction costs | 1429 |  |  |  | 1429 |
| Adjusted EBITDA | $313198 | $4784 | $18788 | $— | $336770 |
| *Adjusted EBITDA Margin* | *14.1%* | *4.2%* | *18.9%* |  | *13.8%* |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Fifty-three<br> weeks ended <br>August 31, 2024** | **Fifty-three<br> weeks ended <br>August 31, 2024** | **Fifty-three<br> weeks ended <br>August 31, 2024** | **Fifty-three<br> weeks ended <br>August 31, 2024** | **Fifty-three<br> weeks ended <br>August 31, 2024** |
| **(In thousands, except percentages)** | **Uniform & Facility Service Solutions** | **First Aid & Safey Solutions** | **Other** | **Unallocated Adjustments** | **Total** |
| Revenue | $2224030 | $106271 | $97130 | $— | $2427431 |
| Net income (loss) | $174828 | $(1832) | $16383 | $(43905) | $145474 |
| Provision for income taxes |  |  |  | 43905 | 43905 |
| Interest income, net | (7242) |  |  |  | (7242) |
| Depreciation and amortization | 134831 | 3443 | 3158 |  | 141432 |
| Share-based compensation expense | 9193 | 99 | 481 |  | 9773 |
| Adjusted EBITDA | $311610 | $1710 | $20022 | $— | $333342 |
| *Adjusted EBITDA Margin* | *14.0%* | *1.6%* | *20.6%* |  | *13.7%* |

---

*Note: Our segment results for the fourth quarter and full fiscal year 2025 presented in this press release reflect our modified segments. Our prior period segment results presented in this press release have been recast to conform with the current presentation of our modified segments.*

------

Supplemental reconciliations of the Company's fiscal 2026 financial outlook for consolidated net income on a GAAP basis to Adjusted EBITDA and Adjusted EBITDA margin, which are non-GAAP financial measures, are presented in the following table. In addition, supplemental reconciliations of the fiscal 2026 financial outlook for segments' net income on a GAAP basis to segments' Adjusted EBITDA and Adjusted EBITDA margin, which are non-GAAP financial measures, are also presented in the following table.

Investors are encouraged to review the reconciliations of the outlook for these non-GAAP measures to the outlook for their most directly comparable GAAP financial measures, which are provided below. The Company's outlook contains forward-looking statements and information. Actual results may differ materially. See "Forward-Looking Statements Disclosure."

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Fifty-two weeks ended August 29, 2026** <sup>(1)</sup> | **Fifty-two weeks ended August 29, 2026** <sup>(1)</sup> | **Fifty-two weeks ended August 29, 2026** <sup>(1)</sup> | **Fifty-two weeks ended August 29, 2026** <sup>(1)</sup> | **Fifty-two weeks ended August 29, 2026** <sup>(1)</sup> |
| **(In thousands, except percentages)** | **Uniform & Facility Service Solutions** | **First Aid & Safey Solutions** | **Other** | **Unallocated Adjustments** | **Total** |
| Revenue | $2276000 | $126000 | $83000 | $— | $2485000 |
| Net income | $158100 | $1600 | $8000 | $(43602) | $124098 |
| Provision for income taxes |  |  |  | 43602 | 43602 |
| Interest income, net | (9900) |  |  |  | (9900) |
| Depreciation and amortization | 138300 | 3900 | 3400 |  | 145600 |
| Share-based compensation expense | 15400 | 100 | 750 |  | 16250 |
| Adjusted EBITDA | $301900 | $5600 | $12150 | $— | $319650 |
| *Adjusted EBITDA Margin* | *13.3%* | *4.4%* | *14.6%* |  | *12.9%* |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)Amounts represent the midpoint of the Company's guidance.

------