EXHIBIT 99.2 REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS TO G&K SERVICES, INC.: We have audited in accordance with auditing standards generally accepted in the United States, the financial statements of G&K Services, Inc. included in this Form 10-K and have issued our report thereon dated August 10, 2001. Our audit was made for the purpose of forming an opinion on those statements taken as a whole. The schedule of valuation and qualifying accounts and reserves is the responsibility of the Company's management and is presented for the purpose of complying with the Securities and Exchange Commission's rules and is not part of the basic financial statements. This schedule has been subjected to the auditing procedures applied in the audit of the basic financial statements and, in our opinion, fairly states in all material respects the financial data required to be set forth therein in relation to the basic financial statements taken as a whole. ARTHUR ANDERSEN LLP Minneapolis, Minnesota August 10, 2001 NOTE: THE REPORT ABOVE IS A COPY OF A PREVIOUSLY ISSUED REPORT AND IT HAS NOT BEEN REISSUED BY ARTHUR ANDERSEN LLP ("ANDERSEN"). CERTAIN FINANCIAL INFORMATION FOR THE PERIOD ENDED JUNE 30, 2001 WAS NOT REVIEWED BY ANDERSEN AND INCLUDES: (i) RECLASSIFICATIONS TO CONFORM TO THE CURRENT YEAR FINANCIAL STATEMENT PRESENTATION, AND (ii) ADDITIONAL DISCLOSURES TO CONFORM WITH NEW ACCOUNTING PRONOUNCEMENTS AND SEC RULES AND REGULATIONS ISSUED DURING THE YEAR. G&K SERVICES, INC. SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS AND RESERVES (IN THOUSANDS) Additions ---------------------------- Balance at Charged to Charged to Beginning of Costs and Other Balance at Description Year Expenses Accounts Deductions End of Year - ---------------------------------- ------------ ------------ ------------ ------------ ----------- Allowance for Doubtful Accounts June 28, 2003 $3,326 $4,123 $ - $3,762 $3,687 ============================================================================= June 29, 2002 $2,613 $3,477 $ - $2,764 $3,326 ============================================================================= June 30, 2001 $3,138 $2,307 $ - $2,832 $2,613 =============================================================================