UniFirst falls after Q1 profit miss

Shares of uniform retailer UniFirst UNF.N down 3% at $197.03 after Q1 profit misses estimates

Co posts Q1 adj. EPS of $1.98 vs. analysts' estimates of $2.06; operating margin falls to 7.3% vs. 9.2% a year earlier

Q3 revenue at $621.32 million beat estimates of $615.25 million, helped by new customer wins and improved retention in core Uniform & Facility Service Solutions segment

Co reaffirms FY revenue forecast of $2.475 billion to $2.495 billion vs. analysts' expectations of $2.48 billion - LSEG data

Forecasts FY EPS of $6.58 to $6.98 vs. analysts' expectations of $7.00

Average rating of 5 analysts is "hold"; median PT $175

As of last close, UNF up 19.9% over the past year