Cintas (CTAS) official guidance

Fiscal year 2027 effective tax rate is expected to be 20.4% compared to 20.2% in fiscal year 2026.

Our effective tax rate for fiscal 2027 is expected to be similar to the fiscal 2026 rate of 20.2%.

Fiscal year 2027 effective tax rate is expected to be 20.2%, which is the same as fiscal year 2026.

What we've got implied in the guide is we're assuming an uptick in energy expenses for next year, and think about that in terms of being on par with what we experienced in Q4.

Mr. Schneider concluded, "As we look forward to what lies ahead for fiscal 2027, we are raising our full fiscal year financial guidance. We are raising our annual revenue expectations from a range of $12.10 billion to $12.25 billion to a range of $12.15 billion to $12.27 billion, and we are raising our adjusted diluted EPS expectations from a range of $5.36 to $5.50 to a range of $5.45 to $5.54. The adjusted diluted EPS guide does not include the impact of non-recurring transaction expenses related to the UniFirst acquisition."

We expect fiscal 2027 adjusted diluted EPS between $5.36 and $5.50, which represents 8.5%-11.3% growth.

Mr. Schneider concluded, "For fiscal 2027, revenue is expected to be in the range of $12.10 billion to $12.25 billion, and our adjusted diluted EPS is expected to be in the range of $5.36 to $5.50."

Our guide for fiscal year 2027 has incremental margins in that range of 30%-32%, which is right in the heart of our stated range of 25%-35%.

Fiscal year 2027 interest, net is expected to be approximately $103.0 million compared to $101.2 million in fiscal year 2026. The increase is primarily a result of the amortization of bridge loan financing expenses related to the UniFirst acquisition. Expected interest, net does not factor in any debt activity or issuance of commercial paper related to future share buybacks or acquisition activity, including the funding necessary for the proposed acquisition of UniFirst.

We anticipate interest expense net to be around $105 million in fiscal 2027.

Fiscal year 2027 interest expense net of interest income (interest, net) is expected to be approximately $105.0 million compared to $101.2 million in fiscal year 2026.

Mr. Schneider concluded, "As we look forward to what lies ahead for fiscal 2027, we are raising our full fiscal year financial guidance. We are raising our annual revenue expectations from a range of $12.10 billion to $12.25 billion to a range of $12.15 billion to $12.27 billion, and we are raising our adjusted diluted EPS expectations from a range of $5.36 to $5.50 to a range of $5.45 to $5.54. The adjusted diluted EPS guide does not include the impact of non-recurring transaction expenses related to the UniFirst acquisition."

Looking ahead to fiscal 2027, our outlook reflects confidence in our business model As we will discuss in more detail, we expect fiscal 2027 revenue in the range of $12.1 billion-$12.25 billion, implying total growth of 7.4%-8.7%.

Mr. Schneider concluded, "For fiscal 2027, revenue is expected to be in the range of $12.10 billion to $12.25 billion, and our adjusted diluted EPS is expected to be in the range of $5.36 to $5.50."

| Workday adjusted revenue growth | $ | 11,264.76 | $ | 12,053.64 | 7.0% | $ | 12,203.07 | 8.3% |

If you looked at an entire year, it would be the 100 basis points that you referenced. Then depending on when we actually go live with the entire business, it will be something less than that because we're not anticipating us to be fully rolled out by June first.

Transaction costs related to the UniFirst acquisition incurred during fiscal year 2026 are estimated to have an impact on diluted EPS in a range of $0.03 to $0.04.

Fiscal year 2026 effective tax rate is expected to be 20.0%, which is the same as fiscal year 2025.

Our guidance assumes a constant foreign currency exchange rate, Fiscal 2026 net interest expense of approximately $104 million, a Fiscal 2026 effective tax rate of 20%, which is the same compared to our Fiscal 2025, and the guidance does not include the impact of any future share buybacks or significant economic disruptions or downturns.

Fiscal year 2026 effective tax rate is expected to be 20.0%, which is the same as fiscal year 2025.

Our guidance assumes a constant foreign currency exchange rate, the fiscal 2026 net interest expense of approximately $97.0 million, a fiscal 2026 effective tax rate of 20.0%, which is the same compared to our fiscal 2025.

Fiscal year 2026 effective tax rate is expected to be 20.0%, which is the same as fiscal year 2025.

We are raising our annual revenue expectations to a range of $11.21 billion to $11.24 billion and raising our adjusted diluted EPS to a range of $4.86 to $4.90.

Fiscal year 2026 interest, net is expected to be approximately $101.0 million compared to $95.5 million in fiscal year 2025, primarily as a result of refinancing senior notes at a higher interest rate in the fourth quarter of fiscal 2025, as well as higher variable rate interest expense from commercial paper as a result of buyback activity during fiscal 2026. Expected interest, net may change as a result of debt activity or issuance of commercial paper related to future share buybacks or acquisition activity.

Our guidance assumes a constant foreign currency exchange rate, Fiscal 2026 net interest expense of approximately $104 million, a Fiscal 2026 effective tax rate of 20%, which is the same compared to our Fiscal 2025, and the guidance does not include the impact of any future share buybacks or significant economic disruptions or downturns.

Fiscal year 2026 interest, net is expected to be approximately $104.0 million compared to $95.5 million in fiscal year 2025, primarily as a result of refinancing senior notes at a higher interest rate in the fourth quarter of fiscal 2025, as well as higher variable rate interest expense from commercial paper as a result of buyback activity during fiscal 2026. Expected interest, net may change as a result of debt activity or issuance of commercial paper related to future share buybacks or acquisition activity.

Our guidance assumes a constant foreign currency exchange rate, the fiscal 2026 net interest expense of approximately $97.0 million, a fiscal 2026 effective tax rate of 20.0%, which is the same compared to our fiscal 2025.

Fiscal year 2026 interest, net is expected to be approximately $97.0 million compared to $95.0 million in fiscal year 2025, primarily as a result of refinancing senior notes at a higher interest rate, partially offset by lower variable rate interest.