Cintas raised its full-year guidance on Wednesday as the uniform supplier reported stronger-than-expected fiscal first-quarter results. The company now anticipates per-share earnings to come in between $4.17 and $4.25 for fiscal 2025, increasing from its initial forecast of $4.06 to $4.19. Revenue is projected at $10.22 billion to $10.32 billion, compared to the previous forecast range of $10.16 billion to $10.31 billion.
The current consensus among analysts surveyed by Capital IQ predicts an EPS of $4.17 on revenue of $10.28 billion for the ongoing fiscal year. Following this announcement, the stock edged up 1% in Wednesday trading. Chief Executive Todd Schneider commented, "Our raised fiscal 2025 outlook reflects the continued momentum we see across the business." For the three months ending in August, earnings rose 18% year over year to $1.10 a share, surpassing Wall Street's expectations.
Revenue increased to $2.5 billion from $2.34 billion a year earlier, just ahead of analysts' estimate of $2.49 billion. Sales from uniform rental and facility services grew 5.9% to $1.93 billion, while other revenue surged to $567.7 million from $515.5 million. The company's gross margin as a percentage of revenue improved by 140 basis points year over year to 50.1% in the first quarter.
Meanwhile, selling and administrative expenses rose to $691.1 million from $641 million last year, showcasing the company's effective cost management. Schneider further remarked, "Our first-quarter fiscal 2025 results reflect the strength and breadth of Cintas' value proposition for businesses of all types.
Cintas delivered revenue and earnings growth, continued margin expansion and strong cash generation, all of which enabled our balanced approach to capital allocation." The stock price currently stands at $206.32 with a change of +1.47, reflecting a percent change of +0.72..