UniFirst Corp. (NYSE:UNF) Q2 2020 Earnings Conference Call - Final Transcript

Apr 01, 2020 • 09:00 am ET

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UniFirst Corp. (NYSE:UNF) Q2 2020 Earnings Conference Call - Final Transcript

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Presentation
Executive
Shane F. O'Connor

suspend this important strategic initiative due to the coronavirus pandemic and remain hopeful that sometime in the second half of this fiscal year, we will begin piloting at select locations. As a reminder, we do not expect to incur any depreciation expense related to this project in fiscal 2020.

During the second quarter of fiscal 2020, we repurchased 20,500 common shares for a total of $4.2 million under our previously announced stock repurchase program. As of February 29, 2020, we had repurchased a total of 268,250 common shares for a total of $44.7 million under the program. This concludes our prepared remarks and we would now be happy to answer any questions that you may have.