G&K Services (GK) Misses Q1 EPS by 2c

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G&K Services Reports Fiscal 2016 First Quarter Results

October 27, 2015 7:00 AM EDT

Organic Revenue Grows 5.5 Percent

Operating Margin Improves to 11.8 Percent

Return on Invested Capital Increases to 11.1 Percent

MINNEAPOLIS--(BUSINESS WIRE)-- G&K Services, Inc. (NASDAQ: GK) today reported operating results for the first quarter of its fiscal year 2016, which ended on September 26, 2015. First quarter revenue grew 3.0 percent to $237.2 million, up from $230.2 million in last years first quarter, as strong organic growth was partially offset by the negative impact of foreign currency translation. Earnings per diluted share were $0.80, compared to... More