The filing is a routine amendment for signature dates and does not contain new financial data. The core financial results show a bearish trend with declining profitability despite revenue growth. Traders should focus on the upcoming merger with Cintas, which is the primary driver of current shareholder value, and monitor the company's ability to control rising operating expenses.
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Executive Summary
UniFirst Corporation filed this amended 10-Q solely to update the signature dates of the original filing and its certifications to April 7, 2026. No financial or other disclosures were amended. The filing confirms the previously announced merger with Cintas and reports a 16.3% year-over-year decline in net income for the quarter, primarily due to higher operating expenses.
Key Facts
- This 10-Q/A is an amendment solely to update the signature dates of the original filing and its SOX certifications to April 7, 2026; no financial or other disclosures were restated.
- Net income for the thirteen weeks ended February 28, 2026, was $20.5 million, a 16.3% decrease from $24.5 million in the same period of the prior year.
- Operating income declined 16.7% year-over-year to $26.0 million, driven by increased selling and administrative expenses, which rose 10.9% to $157.4 million.
- The company reported a 3.4% year-over-year increase in total revenues to $622.5 million, primarily from its Uniform & Facility Service Solutions segment.
- The company confirmed its pending merger with Cintas, announced on March 10, 2026, which will result in shareholders receiving $155.00 in cash and 0.7720 shares of Cintas stock per share.
- The company repurchased $31.7 million of its common stock during the period and paid $12.5 million in dividends.
Financial Impact
Net income declined by $3.98 million (16.3%) compared to the prior year, from $24.46 million to $20.48 million for the thirteen-week period.
Risk Factors
- The merger with Cintas is subject to regulatory approval and could be terminated, in which case UniFirst would owe a $213.3 million termination fee.
- The company's material weakness in internal controls over financial reporting, as disclosed in its prior 10-K, has not been fully remediated, posing a risk to future financial reporting accuracy.
- The company faces a significant tax assessment in Mexico totaling over $84.7 million, the outcome of which remains uncertain.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 8 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 10-Q/A Filing (Primary) | 0001193125-26-144908 |
| Document: unf-ex31_2.htm | 0001193125-26-144908 |
| Document: unf-ex31_1.htm | 0001193125-26-144908 |
| Document: unf-ex32_1.htm | 0001193125-26-144908 |
| Document: unf-ex32_2.htm | 0001193125-26-144908 |
| Document: 0001193125-26-144908-index-headers.html | 0001193125-26-144908 |
| Document: 0001193125-26-144908-index.html | 0001193125-26-144908 |
| Document: 0001193125-26-144908.txt | 0001193125-26-144908 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 28, 2026 5w ago | 8-K | $281.88 $259.44 | ▼ −7.96% | ▼ −8.22% | $250.52 (−11.13%) |
Jul 1, 2026 13w ago | 8-K | $266.54 $301.19 | ▲ +13.00% | ▲ +15.19% | $250.52 (−6.01%) |
Jul 1, 2026 13w ago | Press Release | $266.54 $301.19 | ▲ +13.00% | ▲ +15.19% | $250.52 (−6.01%) |
Jun 12, 2026 16w ago | 8-K | $264.83 $271.78 | ▲ +2.62% | ▲ +0.84% | $250.52 (−5.40%) |
Jun 12, 2026 16w ago | Press Release | $264.83 $271.78 | ▲ +2.62% | ▲ +0.84% | $250.52 (−5.40%) |
Jun 11, 2026 16w ago | Institutional Cluster | $275.65 $270.87 | ▼ −1.73% | ▼ −3.62% | $250.52 (−9.12%) |
May 11, 2026 20w ago | DEFM14A | $252.35 $270.48 | ▲ +7.18% | ▲ +7.49% | $250.52 (−0.73%) |
Apr 7, 2026 25w ago | 10-Q/A | $254.73 $249.74 | ▲ +1.96% | ▲ +11.74% | $250.52 (+1.65%) |
Apr 1, 2026 26w ago | 8-K | $254.59 $255.79 | ▼ −0.47% | ▲ +9.25% | $250.52 (+1.60%) |
Apr 1, 2026 26w ago | Press Release | $254.59 $255.79 | ▲ +0.47% | ▼ −9.25% | $250.52 (−1.60%) |
US Market Status
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