Cintas raises FY17 cont ops EPS view to $4.57-$4.65 from $4.55-$4.63
Consensus $4.61. Raises Fy17 revenue view to $5.18B-$5.225B from $5.16B-$5.225B, consensus $5.2B. CEO Scott Farmer concluded, "We are updating our annual guidance. We expect fiscal 2017 revenue to be in the range of $5.180 billion to $5.225 billion and fiscal 2017 EPS from continuing operations to be in the range of $4.57 to $4.65. This guidance does not include any future financial impact from our acquisition of G&K, including transaction expenses. It does include the impact of one less workday in fiscal 2017 compared to fiscal 2016. Our solid second quarter results, along with our updated guidance, position us to achieve record revenue and to grow our EPS double-digits for a seventh consecutive year. I thank our partners for continuing to deliver best in class results."