Unifirst Corporation (UNF)
Pretax margin
| Aug 31, 2024 | May 25, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 189,379 | 168,874 | 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 |
| Revenue (ttm) | US$ in thousands | 2,434,673 | 2,424,124 | 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 |
| Pretax margin | 7.78% | 6.97% | 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% |
August 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $189,379K ÷ $2,434,673K
= 7.78%
The pretax margin of Unifirst Corporation has shown variability over the past few years, ranging from a low of 6.05% in February 2024 to a high of 13.45% in August 2019. The trend indicates fluctuations in the company's ability to generate profits before considering taxes. In recent periods, the pretax margin has stabilized around the range of 6.97% to 7.78%, suggesting a consistent level of profitability. However, it is noteworthy that the pretax margin was higher in earlier periods, with double-digit percentages recorded up to August 2021. This may indicate changes in the company's cost structure, operating efficiency, or revenue composition over time. Further analysis of the company's financial performance and business strategies would be beneficial to understand the factors contributing to the pretax margin fluctuations.
Peer comparison
Aug 31, 2024