Uniform retailer Cintas reverses course after flagging fuel cost pressures

Shares of uniform retailer Cintas CTAS.O down as much as 2.6% at $173.59 in afternoon trading, reversing earlier gains

Executives flag an increase in gas prices, which co expects to overcome

Share price reversal could be linked to Iran’s announcement that it will not accept a ceasefire, raising risks of higher fuel costs, says Devyn DeLange, senior equity analyst at CFRA Research, adding that prolonged conflict could trigger recessionary pressures alongside inflation spikes

CTAS, however, lifts annual forecasts and beats Q3 sales estimates

Says transaction costs related to the acquisition of smaller rival UniFirst UNF.N had a 3-cent to 4-cent impact on earnings per share for fiscal 2026

Co will face some headwinds in the coming months related to the acquisitions, Greg Zakowicz, e-commerce and retail adviser to Omnisend says, adding "the cost and complexities of integrating the two companies are real"

Stock down 5.3% as of last close, YTD