Stock Track | Vestis Corporation Plummets 10% in Pre-Market on Disappointing Results, Sluggish Outlook

Stock Track

Jan 31, 2025

Vestis Corporation (VSTS) stock plunged over 10% in pre-market trading on Friday, following the release of its fiscal first-quarter 2025 results and reaffirmed outlook for the full year.

For the quarter ended December 27, 2024, the uniform and workplace supplies provider reported adjusted earnings of $0.14 per share, down from $0.22 a year earlier, although slightly beating analysts' estimates. However, revenue declined to $683.8 million, missing expectations of $688.9 million and down from $717.9 million in the prior-year quarter.

Notably, Vestis reiterated its fiscal 2025 revenue guidance range of $2.80 billion to $2.83 billion, implying flat growth compared to the previous year. This sluggish growth outlook, coupled with the revenue miss, appeared to disappoint investors, triggering a sell-off in the company's shares during pre-market trading.

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However, revenue declined to $683.8 million, missing expectations of $688.9 million and down from $717.9 million in the prior-year quarter.</p>\n\n<p>Notably, Vestis reiterated its fiscal 2025 revenue guidance range of $2.80 billion to $2.83 billion, implying flat growth compared to the previous year. This sluggish growth outlook, coupled with the revenue miss, appeared to disappoint investors, triggering a sell-off in the company's shares during pre-market trading.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"VSTS","symbol_name":"Vestis Corporation","start_time":0,"source_url":"","article_id":"1115288523","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1115288523","pubTimestamp":1738333957,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Vestis Corporation  stock plunged over 10% in pre-market trading on Friday, following the release of its fiscal first-quarter 2025 results and reaffirmed outlook for the full year.For the quarter ended December 27, 2024, the uniform and workplace supplies provider reported adjusted earnings of $0.14 per share, down from $0.22 a year earlier, although slightly beating analysts' estimates. 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