Unifirst Corporation (UNF)
Pretax margin
| Feb 24, 2024 | Nov 25, 2023 | Aug 26, 2023 | Feb 25, 2023 | Nov 26, 2022 | Aug 27, 2022 | May 28, 2022 | Feb 26, 2022 | Nov 27, 2021 | Aug 28, 2021 | May 29, 2021 | Feb 27, 2021 | Nov 28, 2020 | Aug 29, 2020 | May 30, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | May 25, 2019 | Feb 23, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 143,167 | 160,845 | 138,837 | 135,876 | 135,019 | 134,325 | 145,466 | 166,342 | 185,712 | 196,871 | 195,474 | 168,198 | 171,821 | 177,888 | 195,767 | 230,261 | 247,893 | 237,924 | 219,907 | 205,999 |
| Revenue (ttm) | US$ in thousands | 2,365,112 | 2,318,618 | 2,239,785 | 2,119,703 | 2,061,428 | 2,003,673 | 1,951,889 | 1,904,995 | 1,868,175 | 1,828,779 | 1,791,680 | 1,773,258 | 1,789,406 | 1,809,749 | 1,860,727 | 1,870,168 | 1,842,887 | 1,815,402 | 1,769,844 | 1,741,215 |
| Pretax margin | 6.05% | 6.94% | 6.20% | 6.41% | 6.55% | 6.70% | 7.45% | 8.73% | 9.94% | 10.77% | 10.91% | 9.49% | 9.60% | 9.83% | 10.52% | 12.31% | 13.45% | 13.11% | 12.43% | 11.83% |
February 24, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $143,167K ÷ $2,365,112K
= 6.05%
The pretax margin of Unifirst Corporation has shown some fluctuation over the past few years. The pretax margin represents the percentage of each dollar of revenue that the company retains as profit before paying taxes.
From February 2019 to November 2019, there was a general upward trend in the pretax margin, starting at 12.43% and peaking at 13.45%. This indicated an improvement in the company's ability to generate profits relative to its revenue during this period.
However, from November 2019 to August 2020, there was a slight decrease in the pretax margin, dropping to 10.52% by August 2020. This might suggest potential challenges or increased costs impacting the company's profitability during this period.
From August 2020 to May 2021, there was a gradual increase in the pretax margin, reaching 10.91% by May 2021. This period showed a positive trend in the company's profit retention ability.
Subsequently, there was a decline in the pretax margin from May 2021 to February 2022, dropping to 9.49%. This could be indicative of various factors such as increased expenses or lower revenue impacting the company's profitability.
However, there was noticeable improvement in the pretax margin from February 2022 to November 2022, where it peaked at 9.60% before declining slightly in August 2023 to 6.20%. The most recent figure, in February 2024, shows a pretax margin of 6.05%.
Overall, the pretax margin of Unifirst Corporation has seen fluctuations, indicating varying levels of profitability and efficiency in generating profits before tax expenses. Continued monitoring and analysis of these trends will be essential for understanding the company's financial performance.
Peer comparison
Feb 24, 2024