RTTNews | Jun 30, 2021 08:33AM EDT

08:32 Wednesday, June 30, 2021 (RTTNews.com) - While reporting financial results for the third quarter on Wednesday, UniFirst Corp. (UNF) raised its earnings and revenue outlook for the full-year 2021, based on its results to date as well as its outlook for the remainder of the year.

For fiscal 2021, the company now projects earnings in a range of $7.80 to $8.00 per share on revenues between $1.810 billion and $1.817 billion.

Previously, the company expected earnings in the range of $7.30 to $7.65 per share on revenues between $1.793 billion and $1.803 billion.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $7.66 per share on revenues of $1.80 billion for the year. Analysts' estimates typically exclude special items.

"However, as we look forward to fiscal 2022, we do expect our margins to be pressured by the current inflationary environment as well as a rebound of certain costs that trended lower during the pandemic," said Steven Sintros, President and CEO.

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