Cintas Corporation (NASDAQ:CTAS) posted stronger-than-expected first-quarter sales and expanding margins on Wednesday, prompting the uniform rental giant to lift its full-year revenue and earnings outlook despite profit coming in line with forecasts.
The firm reported first-quarter earnings per share of $1.20, in line with the analyst consensus estimate.
Quarterly sales of $2.718 billion (+8.7% year over year), beating the Street view of $2.698 billion. Revenue growth in the quarter was positively impacted by 0.9% due to acquisitions.
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