G&K Services Reports Record Fiscal 2015 Second Quarter Results

MINNEAPOLIS--(BUSINESS WIRE)--G&K Services, Inc. (NASDAQ: GK) today reported operating results for the second quarter of its fiscal year 2015, which ended on December 27, 2014. Second quarter revenue grew 5.0 percent to $237.3 million, up from $225.9 million in last year’s second quarter. Earnings from continuing operations grew 11 percent to $0.83 per diluted share, compared to adjusted earnings from continuing operations of $0.75 per diluted share in the prior year period. Adjusted earnings from continuing operations in the prior year period excluded a $0.06 per share benefit from a change in merchandise amortization lives. Including this benefit, prior year earnings from continuing operations were $0.81 per diluted share

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