Cintas' (CTAS) raised forecast falls short of analyst consensus; Shares dip
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Cintas Corporation Announces Fiscal 2024 First Quarter Results
September 26, 2023 8:30 AM EDTCINCINNATI--(BUSINESS WIRE)-- Cintas Corporation (Nasdaq: CTAS) today reported results for its fiscal 2024 first quarter ended August 31, 2023. Revenue for the first quarter of fiscal 2024 was $2.34 billion compared to $2.17 billion in last years first quarter, an increase of 8.1%. The organic revenue growth rate for the first quarter of fiscal 2024, which adjusts for the impacts of acquisitions and foreign currency exchange rate fluctuations, was also 8.1%.
Gross margin for the first quarter of fiscal 2024 was $1.14 billion compared to $1.03 billion in last years first quarter, an increase of 11.0%. Gross margin as a... More
