Cintas down after annual profit forecast below estimates

** Shares of uniform rental firm Cintas Corp down as much as 4.5% at $192.50

** CTAS raises annual profit forecast to $4.74 to $4.86 the midpoint of which is below the analysts' estimates of $4.85 -LSEG

** Co's prior target for annual profit forecast was in the range of $4.71 to $4.85

** Reports 8.2% increase in cost of sales for Q1, driven by higher material and labor expenses

** Still co beats revenue and profit estimates for Q1 as rental uniforms and first-aid supplies will be resilient in the face of persistent inflation

** Now expects fiscal 2026 revenue between $11.06 billion and $11.18 billion vs. prior forecast of $11 billion to $11.15 billion

** Including session moves, stock up nearly 9% YTD