Cintas’s stock declines after Q1 revenue matches analysts' estimates
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Cintasâs (NASDAQ:CTAS) shares on Tuesday fell as much as 4.9% after the provider of workplace uniforms reported quarterly revenue in line with analysts' estimates.
Revenue rose 8.1% from a year earlier to $2.34 billion for Cintasâs (CTAS) fiscal Q1 ended August 31. The consensus estimate was $2.34 billion.

Net income advanced 9.5% to $385.1 million, or $3.70 a share, from $351.7 million, or $3.39 a share, a year earlier. The company beat the consensus estimate of $3.68.
Management raised its yearly estimate of full-year revenue to a range of $9.40 billion to $9.52 billion, up from $9.35 billion to $9.50 billion. It also lifted its diluted EPS estimate to a range of $14.00 to $14.45, up from $13.85 to $14.35 previously.
"We are pleased with our first quarter fiscal 2024 financial results,â Todd M. Schneider, Cintas's (CTAS) president and CEO, said in a statement. âOur operating segments continue to execute at a high level, leading to robust volume growth and a record high operating margin of 21.4%.â

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