G&K Services (GK) Reports In-Line Q3 EPS; Updates on FY16 Outlook

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Go back to G&K Services (GK) Reports In-Line Q3 EPS; Updates on FY16 Outlook

G&K Services Reports Fiscal 2016 Third Quarter Results

April 26, 2016 7:00 AM EDT

Adjusted Earnings Grow 10 Percent to $0.89 Per Diluted Share

Adjusted Operating Margin Improves 70 Basis Points to 12.7 Percent

Return on Invested Capital Increases to 12.4 Percent

Year to Date Cash Flow from Operations Grows 18 Percent to $96 Million

MINNEAPOLIS--(BUSINESS WIRE)-- G&K Services, Inc. (NASDAQ: GK) today reported operating results for the third quarter of its fiscal year 2016, which ended on March 26, 2016. Third quarter revenue grew 2.5 percent to $239.3 million, up from $233.5 million in last years third quarter. Earnings... More