Cintas Corp, a US-based uniform supplier company, reported 1.9 per cent decrease in its revenue to $1.77 billion during the third quarter (Q3) FY21 ended on February 28, 2021, compared to the revenues of $1.81 billion in the same quarter prior fiscal. However, the company’s net income for the quarter rose to $258.3 million (Q3 FY20: $234.5 million).
Cintas Corp, a US-based uniform supplier company, reported 1.9 per cent decrease in its revenue to $1.77 billion during the third quarter (Q3) FY21 ended on February 28, 2021, compared to the revenues of $1.81 billion in the same quarter prior fiscal. However, the company's net income for the quarter rose to $258.3 million (Q3 FY20: $234.5 million).#
Gross margin for the quarter was $809.5 million ($824.4 million), while selling, general and administrative expenses were $483.0 million ($509.7 million). The company’s operating income for Q3 FY21 increased 3.8 per cent to $326.4 million ($314.6 million).
Cintas Corp, a US-based uniform supplier company, reported 1.9 per cent decrease in its revenue to $1.77 billion during the third quarter (Q3) FY21 ended on February 28, 2021, compared to the revenues of $1.81 billion in the same quarter prior fiscal. However, the company's net income for the quarter rose to $258.3 million (Q3 FY20: $234.5 million).#
Revenue of uniform rental and facility services fell 2.1 per cent to $1.41 billion ($1.44 billion), while other segment's revenue were down 0.9 per cent to $359.1 million ($362.6 million).
Fibre2Fashion News Desk (JL)
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