8-K
Unifirst Corp (UNF)
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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 17, 2025
UNIFIRST CORPORATION
(Exact name of registrant as specified in its charter)
| Massachusetts | 001-08504 | 04-2103460 | |
|---|---|---|---|
| (State or other jurisdiction<br><br>of incorporation) | (Commission File Number) | (IRS Employer<br><br>Identification No.) | |
| 68 Jonspin Road, Wilmington, Massachusetts | 01887 | ||
| (Address of Principal Executive Offices) | (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:
| Title of each class | Trading symbol(s) | Name of each exchange on which registered |
|---|---|---|
| Common Stock, $0.10 par value per share | UNF | 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 17, 2025, UniFirst Corporation (the “Company”) issued a press release (“Press Release”) announcing changes to its reportable segments. Beginning with the fourth quarter and year ended August 30, 2025, the Company will report results under three reportable segments: (1) Uniform & Facility Service Solutions; (2) First Aid & Safety Solutions; and (3) Other. The Company revised its reportable segments to align with how the Company’s Chief Operating Decision Maker, which is the Company’s Chief Executive Officer, manages the Company’s business, including resource allocation and performance assessment. A copy of the Press Release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
In order to assist investors, the Company has included in Exhibit 99.2 to this Current Report on Form 8-K certain recast unaudited historical information to provide investors with supplemental financial and operational information that is on a basis consistent with the Company’s revised segment structure. These changes only affect segment allocation of results and do not revise or restate the Company’s previously reported consolidated financial statements or the Company’s previously reported non-GAAP adjustments on a consolidated basis.
The information in this Item 2.02, including the exhibit attached hereto, is being furnished and shall not be deemed “filed” for any purpose, including for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (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, as amended, or the Exchange Act, regardless of any general incorporation language in such filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
| Exhibit<br><br>Number | Description |
|---|---|
| 99.1 | Press Release dated October 17, 2025. |
| 99.2 | Historical Financial Information for Revised Segment Reporting. |
| 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 | ||
|---|---|---|
| Date: October 17, 2025 | By: | /s/ Shane O’Connor |
| Shane O’Connor | ||
| Executive Vice President and Chief Financial Officer |
EX-99.1
Investor Relations Contact
Shane O’Connor, Executive Vice President & CFO
UniFirst Corporation
978-658-8888
shane_oconnor@unifirst.com
UNIFIRST ANNOUNCES REVISED SEGMENT REPORTING
WILMINGTON, Mass., October 17, 2025 (GLOBE NEWSWIRE) Beginning with the fourth quarter and year ended August 30, 2025, UniFirst Corporation (the “Company,” “we,” or “our”) will be changing the structure of its reporting organization, which will result in corresponding changes to the Company’s financial operating and reportable segments.
Prior to this change, the Company had five reporting segments: U.S. and Canadian Rental and Cleaning, Manufacturing (“MFG”), Corporate, First Aid, and Specialty Garments Rental and Cleaning (“Specialty Garments”). We previously referred to our U.S. and Canadian Rental and Cleaning, MFG, and Corporate segments combined as our “Core Laundry Operations.”
Following this change, the Company will report results under three reportable segments as described below. Our new reporting structure reflects how the Company currently oversees and manages the business, assesses performance and allocates resources, and will plan to continue to do so going forward.
Uniform & Facility Service Solutions: This reporting segment consolidates the former U.S. and Canadian Rental and Cleaning, MFG and Corporate segments and now 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 following table summarizes the above-described modifications to our segments:
| Previous Segments (Prior to May 31, 2025) | Summary of Modifications | Modified Segments (As of June 1, 2025) |
|---|---|---|
| U.S. and Canadian Rental and Cleaning* | U.S. and Canadian Rental and Cleaning, Manufacturing, Corporate and cleanroom solutions (from Specialty Garments) were combined to form “Uniform & Facility Service Solutions” | Uniform & Facility Service Solutions |
| Manufacturing* | ||
| Corporate* | ||
| First Aid | Renamed “First Aid & Safety Solutions” with no changes to components | First Aid & Safety Solutions |
| Specialty Garments Rental and Cleaning | Previously consisted of nuclear and cleanroom solutions.<br><br>Renamed to “Other” and modified to consist of nuclear operations. | Other |
*Previously referred to collectively as our “Core Laundry Operations.”
The key measures used by management to evaluate segment performance continue to be revenues and operating income. These measures are consistent with how the Company’s Chief Executive Officer, who serves as the Chief Operating Decision Maker, reviews financial results to assess performance and allocate resources. Adjusted EBITDA is also presented for additional informational purposes and to facilitate period-to-period comparisons of operating performance; however, it is not a measure presented in accordance with U.S. GAAP.
To assist investors in understanding the impact of these changes, the Company has provided recast supplemental unaudited information containing seven quarters of historical financial and operational metrics (from the first quarter of fiscal 2024 through the third quarter of fiscal 2025) for the three reportable segments. The recast financial information is accessible through the News Releases section of the Company’s Investor Relations website at investors.unifirst.com.
The supplemental historical segment information does not represent a restatement or reissuance of previously issued financial statements and relates solely to changes in segment presentation. The modifications had no impact on the Company’s previously reported consolidated financial results.
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 three 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 additional information, contact UniFirst at 888.296.2740 or visit UniFirst.com. Follow UniFirst on Social Media: LinkedIn, Facebook, X, YouTube, Instagram.
EX-99.2
Exhibit 99.2
Unaudited and Pro Forma Estimated Recast of Prior Financial Information
Revenue, Operating Income and Adjusted EBITDA
Recast of Financial Information for First Three Quarters of Fiscal 2025, Four Quarters of Fiscal 2024 and Fiscal Year End 2024
Revenue, Operating Income and Adjusted EBITDA
(Unaudited, in thousands of USD)
Selected Financial Data (Unaudited)
| Fiscal 2024 | Fiscal 2025 | |||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Thirteen Weeks Ended | Fourteen Weeks Ended | Year Ended | Thirteen Weeks Ended | |||||||||||||||||||||
| 11/25/2023 | 2/24/2024 | 5/25/2024 | 8/31/2024 | 8/31/2024 | 11/30/2025 | 3/1/2025 | 5/31/2025 | |||||||||||||||||
| Revenue | ||||||||||||||||||||||||
| Uniform & Facility Service Solutions | $ | 544,928 | $ | 543,862 | $ | 549,218 | $ | 586,022 | $ | 2,224,030 | $ | 552,752 | $ | 551,407 | $ | 554,331 | ||||||||
| First Aid & Safety Solutions | 24,867 | 24,829 | 27,292 | 29,283 | 106,271 | 26,222 | 27,454 | 29,787 | ||||||||||||||||
| Other | 23,730 | 22,020 | 26,818 | 24,562 | 97,130 | 25,934 | 23,358 | 26,660 | ||||||||||||||||
| Consolidated Revenues | $ | 593,525 | $ | 590,711 | $ | 603,328 | $ | 639,867 | $ | 2,427,431 | $ | 604,908 | $ | 602,219 | $ | 610,778 | ||||||||
| Operating Income | ||||||||||||||||||||||||
| Uniform & Facility Service Solutions | $ | 48,873 | $ | 25,942 | $ | 43,378 | $ | 50,834 | $ | 169,027 | $ | 48,520 | $ | 30,172 | $ | 43,243 | ||||||||
| First Aid & Safety Solutions | (1,071 | ) | (1,004 | ) | 148 | 95 | (1,832 | ) | 341 | (486 | ) | 525 | ||||||||||||
| Other | 5,335 | 3,005 | 4,924 | 3,119 | 16,383 | 6,670 | 1,528 | 4,409 | ||||||||||||||||
| Consolidated Operating Income | $ | 53,137 | $ | 27,943 | $ | 48,450 | $ | 54,048 | $ | 183,578 | $ | 55,531 | $ | 31,214 | $ | 48,177 | ||||||||
| Adjusted EBITDA Reconciliation | ||||||||||||||||||||||||
| Net Income | $ | 42,325 | $ | 20,457 | $ | 38,057 | $ | 44,635 | $ | 145,474 | $ | 43,105 | $ | 24,459 | $ | 39,680 | ||||||||
| Provision for income taxes | 12,930 | 7,261 | 11,277 | 12,437 | 43,905 | 14,831 | 8,174 | 13,715 | ||||||||||||||||
| Interest income, net | (2,834 | ) | (350 | ) | (1,406 | ) | (2,652 | ) | (7,242 | ) | (2,695 | ) | (2,213 | ) | (2,514 | ) | ||||||||
| Depreciation and amortization | 33,733 | 35,160 | 34,560 | 37,979 | 141,432 | 34,808 | 34,946 | 34,722 | ||||||||||||||||
| Share-based compensation expense | 2,534 | 2,308 | 2,303 | 2,628 | 9,773 | 2,836 | 3,198 | 3,015 | ||||||||||||||||
| Gain on the sale of properties | - | - | - | - | - | - | - | (2,792 | ) | |||||||||||||||
| Executive transaction costs | - | - | - | - | - | 1,075 | 354 | - | ||||||||||||||||
| Consolidated Adjusted EBITDA | $ | 88,688 | $ | 64,836 | $ | 84,791 | $ | 95,027 | $ | 333,342 | $ | 93,960 | $ | 68,918 | $ | 85,826 | ||||||||
| Uniform & Facility Service Solutions | ||||||||||||||||||||||||
| Adjusted EBITDA Reconciliation | ||||||||||||||||||||||||
| Net Income | $ | 50,992 | $ | 25,716 | $ | 44,262 | $ | 53,858 | $ | 174,828 | $ | 50,925 | $ | 31,591 | $ | 48,461 | ||||||||
| Interest income, net | (2,834 | ) | (350 | ) | (1,406 | ) | (2,652 | ) | (7,242 | ) | (2,695 | ) | (2,213 | ) | (2,514 | ) | ||||||||
| Depreciation and amortization | 32,228 | 33,424 | 32,965 | 36,214 | 134,831 | 33,110 | 33,234 | 32,990 | ||||||||||||||||
| Share-based compensation expense | 2,389 | 2,154 | 2,177 | 2,473 | 9,193 | 2,688 | 3,028 | 2,858 | ||||||||||||||||
| Gain on the sale of properties | - | - | - | - | - | - | - | (2,792 | ) | |||||||||||||||
| Executive transaction costs | - | - | - | - | - | 1,075 | 354 | - | ||||||||||||||||
| Total Adjusted EBITDA | $ | 82,775 | $ | 60,944 | $ | 77,998 | $ | 89,893 | $ | 311,610 | $ | 85,103 | $ | 65,994 | $ | 79,003 | ||||||||
| First Aid & Safety Solutions | ||||||||||||||||||||||||
| Adjusted EBITDA Reconciliation | ||||||||||||||||||||||||
| Net Income | $ | (1,072 | ) | $ | (1,003 | ) | $ | 148 | $ | 95 | $ | (1,832 | ) | $ | 341 | $ | (486 | ) | $ | 525 | ||||
| Depreciation and amortization | 758 | 963 | 809 | 913 | 3,443 | 885 | 947 | 975 | ||||||||||||||||
| Share-based compensation expense | 22 | 25 | 25 | 27 | 99 | 27 | 29 | 30 | ||||||||||||||||
| Total Adjusted EBITDA | $ | (292 | ) | $ | (15 | ) | $ | 982 | $ | 1,035 | $ | 1,710 | $ | 1,253 | $ | 490 | $ | 1,530 | ||||||
| Other | ||||||||||||||||||||||||
| Adjusted EBITDA Reconciliation | ||||||||||||||||||||||||
| Net Income | $ | 5,335 | $ | 3,005 | $ | 4,924 | $ | 3,119 | $ | 16,383 | $ | 6,670 | $ | 1,528 | $ | 4,409 | ||||||||
| Depreciation and amortization | 747 | 773 | 786 | 852 | 3,158 | 813 | 765 | 757 | ||||||||||||||||
| Share-based compensation expense | 123 | 129 | 101 | 128 | 481 | 121 | 141 | 127 | ||||||||||||||||
| Total Adjusted EBITDA | $ | 6,205 | $ | 3,907 | $ | 5,811 | $ | 4,099 | $ | 20,022 | $ | 7,604 | $ | 2,434 | $ | 5,293 | ||||||||
| Unallocated Adjustments* | ||||||||||||||||||||||||
| Adjusted EBITDA Reconciliation | ||||||||||||||||||||||||
| Net Income | $ | (12,930 | ) | $ | (7,261 | ) | $ | (11,277 | ) | $ | (12,437 | ) | $ | (43,905 | ) | $ | (14,831 | ) | $ | (8,174 | ) | $ | (13,715 | ) |
| Provision for income taxes | 12,930 | 7,261 | 11,277 | 12,437 | 43,905 | 14,831 | 8,174 | 13,715 | ||||||||||||||||
| Total Adjusted EBITDA | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - |
* Amounts reflected as “Unallocated Adjustments” represent corporate and other items that are not included within the reportable segments and net to zero in consolidation.