Q: Hello,
Can you comment on K-Bro Linens results? i currently own some and wondering if it is time to increase my exposure. Much appreciated.
Can you comment on K-Bro Linens results? i currently own some and wondering if it is time to increase my exposure. Much appreciated.
5i Research Answer:
EPS of 36c crushed estimates of 8c; revenue of $139M beat estimates of $129M. EBITDA of $22.5M beat estimates by 20%. Earnings rose 35%. Revenue rose 53%. Hospitality revenue soared more than 60%. It was the eight consecutive quarter of record results. A buyback was also announced. We would be fine buying/adding.