Robert W. Baird & Co. and TRSA recently released the June 2022 Uniform & Linen Rental Survey. The results noted rising revenues among survey respondents in the second quarter as well as a positive growth outlook among both uniform rental and linen rental operations.
Thirty-eight percent of rental uniform respondents beat their own revenue expectations for the quarter with just 6% falling short. This is better than last quarter, with the 32% spread showing very solid net gains. Additionally, the industry’s consensus now sees roughly 5.9% organic growth over the next 12 months, easily a record. Offsetting are anecdotal comments suggesting the cost of goods sold (COGS) increasing faster than revenues.
