Benzinga | Jul 15, 2021 08:46AM EDT

Cintas Sees FY22 Sales $7.53B-$7.63B Vs $7.66B Est; Sees FY22 EPS $10.35-$10.75 Vs $10.25 Est

Mr. Schneider concluded, "For our fiscal 2022, we expect revenue to be in the range of $7.53 billion to $7.63 billion and diluted EPS to be in the range of $10.35 to $10.75. Please note the following regarding guidance:

* Our fiscal 2022 effective tax rate is expected to be in the range of 19.5% to 20.5% compared to a rate of 13.7% for fiscal 2021. The higher effective tax rate negatively impacts fiscal 2022 EPS guidance by about $0.85 and diluted EPS growth by about 800 basis points;

* Guidance does not include any future share buybacks or potential tax reform; and We remain in a dynamic environment that can continue to change. Our guidance contemplates a steadily improving economy absent any economic or pandemic-related setbacks."