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UNF - UniFirst: Stronger Revenue Growth But Still Lacks Margin Of Safety
Unifirst Corporation
2024-04-23 04:13:20 ET
Summary
UniFirst Corporation's revenue growth has been strong, but margins have been declining due to investments in key initiatives and technology transformations.
The workwear and uniform market is expected to grow, driven by the growth and expansion of businesses.
UniFirst's strategic initiatives, such as CRM and ERP projects, are crucial for streamlining operations and enhancing customer engagement.
With a 9% upside potential that seems to lack margin of safety, this brings me to a hold rating.