G&K Services (GK) Tops Q2 EPS by 3c; Lowers Top End of Guidance

G&K Services (NASDAQ: GK) reported Q2 EPS of $0.92, $0.03 better than the analyst estimate of $0.89. Revenue for the quarter came in at $243.1 million versus the consensus estimate of $245.38 million.

GUIDANCE:

G&K Services sees FY2016 EPS of $3.50-$3.60, versus prior guidance of $3.50-$3.70. G&K Services sees FY2016 revenue of $975-990 million, versus prior guidance of $975-1000 million.

“I couldn’t be more proud of our team’s performance, delivering record financial results in what remains a difficult operating environment,” said Douglas A. Milroy, Chairman and Chief Executive Officer. “As we move into the second half of the fiscal year, I’m confident our team and Game Plan will continue to drive strong progress toward our 15/5 Goals.”

For earnings history and earnings-related data on G&K Services (GK) click here.

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