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GK > SEC Filings for GK > Form 8-K on 28-Jan-2014All Recent SEC Filings

Show all filings for G&K SERVICES INC



Results of Operations and Financial Condition

Item 2.02 Results of Operations and Financial Condition

On January 28, 2014, G&K Services, Inc. issued a press release announcing its financial results for the second quarter of its fiscal year 2014, ended December 28, 2013. A copy of the press release is furnished as Exhibit 99.1 to this report. The press release contains non-GAAP financial measures which are rental organic growth rate, and certain non-GAAP operating results which are reconciled to GAAP operating results. The organic growth rate is calculated using rental revenue, adjusted for foreign currency exchange rate differences, acquisitions, and divestitures. Management believes that organic growth is useful in analyzing the company's overall financial condition and the results of its operations. Management believes that certain non-GAAP operating results, which exclude certain non-recurring items, provide a more meaningful measure on which to compare the company's overall results of operations between periods.

Additionally, as previously disclosed, G&K Services, Inc. divested two businesses, which have been reclassified as discontinued operations. On January 28, 2014, a revised presentation of the company's historical consolidated statements of operations reflecting the effect of the discontinued operations for each quarter of fiscal 2013 and fiscal 2014 was made available on the company's website. A copy of this document is furnished as Exhibit 99.2 to this report.

The information in this Item 2.02 and Exhibits 99.1 and 99.2 shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended.
Item 9.01 Financial Statements and Exhibits.

(c) Exhibits.

99.1 Press Release dated January 28, 2014 (furnished)
99.2 Revised presentation of historical income statements (furnished)


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