Unifirst Corporation (UNF)
Pretax margin
| Aug 31, 2024 | Aug 26, 2023 | Aug 27, 2022 | Aug 28, 2021 | Aug 29, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 189,379 | 138,837 | 134,325 | 196,871 | 177,888 |
| Revenue | US$ in thousands | 2,434,670 | 2,239,780 | 2,003,670 | 1,828,780 | 1,810,540 |
| Pretax margin | 7.78% | 6.20% | 6.70% | 10.77% | 9.83% |
August 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $189,379K ÷ $2,434,670K
= 7.78%
Unifirst Corporation's pretax margin has fluctuated over the past five years. In the latest fiscal year ending August 31, 2024, the pretax margin stood at 7.78%, showing a slight improvement compared to the previous year's 6.20%. However, it remains below the levels seen in fiscal years 2021 and 2020, where the pretax margins were 10.77% and 9.83% respectively. The pretax margin for fiscal year 2022 was 6.70%.
The pretax margin indicates the company's ability to generate profits before accounting for taxes relative to its revenue. The upward trend from 2023 to 2024 suggests some improvement in operational efficiency or cost management. However, the pretax margin is still lower than the peak levels seen in 2020 and 2021, indicating potential areas where Unifirst Corporation could further enhance profitability. Further analysis of the company's operating expenses, revenue growth, and cost control strategies may provide insights into the factors influencing the pretax margin over the years.
Peer comparison
Aug 31, 2024