Unifirst Corporation (UNF)
Operating profit margin
| Aug 31, 2024 | Aug 26, 2023 | Aug 27, 2022 | Aug 28, 2021 | Aug 29, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 183,578 | 133,603 | 134,351 | 195,825 | 172,729 |
| Revenue | US$ in thousands | 2,434,670 | 2,239,780 | 2,003,670 | 1,828,780 | 1,810,540 |
| Operating profit margin | 7.54% | 5.97% | 6.71% | 10.71% | 9.54% |
August 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $183,578K ÷ $2,434,670K
= 7.54%
Analyzing the operating profit margin of Unifirst Corporation over the past five years reveals fluctuations in the company's profitability. The operating profit margin indicates the efficiency of the company in generating profits from its core operations.
In August 2024, the operating profit margin stood at 7.54%, representing an improvement from the previous year's 5.97%. This increase suggests better cost management and possibly increased revenue generation relative to operating expenses.
Comparing the current operating profit margin to previous years, it is lower than the strong performance seen in August 2021 when it reached 10.71%. This indicates a decline in profitability compared to the peak performance of the prior year.
The margins in 2022 and 2023 were relatively stable around 6-7%, indicating a moderate performance in terms of profitability during those years.
Overall, the fluctuation in Unifirst Corporation's operating profit margin over the past five years suggests varying levels of operational efficiency and profitability, which may be influenced by factors such as changes in revenue, cost structures, and economic conditions.
Peer comparison
Aug 31, 2024