Q4 revenue rises 4.8% at G&K Services

Capital expenditures for the year were $34.0 million, up from $20.7 million in the prior year period, due to increased investments to enhance productivity and support profitable revenue growth.

Outlook

The company expects to drive continued performance gains in fiscal year 2013, despite slow employment growth and persistent weakness in the economy. The company expects fiscal 2013 revenue to be in the range of $890 million to $910 million, with earnings per diluted share between $2.20 and $2.40.

G&K Services, Inc. is a service-focused market leader of branded uniform and facility services programs in the United States, and is the largest such provider in Canada.

G&K Services Inc