Vestis Shares Fall as FY Outlook Remains Dreary Despite Turnaround Plan

Dow Jones

Dec 03, 2025

By Katherine Hamilton

Vestis shares declined after the company said revenue would be flat or decline in fiscal 2026, despite launching a new business transformation plan.

The stock fell 13% to $5.83 on Tuesday. Shares have lost 62% of their value this year.

Through its new plan the provider of uniforms and workplace supplies is aiming to improve commercial and operational performance, as well as streamline its assets and network, Chief Executive Jim Barber said. Management plans to improve segmentation, raise prices, expand product offerings, streamline its organizational structure and reallocate equipment.

The plan is expected to generate annual operating cost savings of at least $75 million by the end of fiscal 2026, as well as enhance revenue, Chief Financial Officer Kelly Janzen said.

Still, Vestis expects revenue to be flat to down 2% in fiscal 2026. Before unveiling its business transformation plan analysts had been guiding for flat revenue, according to FactSet.

Vestis expects the plan will be mostly wrapped up by the end of 2027. Costs related to the execution will be $25 million to $30 million.

Fiscal fourth-quarter sales came in ahead of Wall Street's expectations, but earnings missed estimates. The company reported after the close on Monday adjusted earnings of 3 cents a share, while analysts polled by FactSet were looking for 6 cents a share.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

(END) Dow Jones Newswires

December 02, 2025 13:59 ET (18:59 GMT)

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Shares have lost 62% of their value this year. \n</p>\n<p>\n  Through its new plan the provider of uniforms and workplace supplies is aiming to improve commercial and operational performance, as well as streamline its assets and network, Chief Executive Jim Barber said. Management plans to improve segmentation, raise prices, expand product offerings, streamline its organizational structure and reallocate equipment. \n</p>\n<p>\n  The plan is expected to generate annual operating cost savings of at least $75 million by the end of fiscal 2026, as well as enhance revenue, Chief Financial Officer Kelly Janzen said. \n</p>\n<p>\n  Still, Vestis expects revenue to be flat to down 2% in fiscal 2026. Before unveiling its business transformation plan analysts had been guiding for flat revenue, according to FactSet. \n</p>\n<p>\n  Vestis expects the plan will be mostly wrapped up by the end of 2027. Costs related to the execution will be $25 million to $30 million. \n</p>\n<p>\n  Fiscal fourth-quarter sales came in ahead of Wall Street's expectations, but earnings missed estimates. The company reported after the close on Monday adjusted earnings of 3 cents a share, while analysts polled by FactSet were looking for 6 cents a share. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Katherine Hamilton at katherine.hamilton@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) <a href=\"https://laohu8.com/S/DOW\">Dow</a> Jones Newswires\n</p>\n<p>\n  December 02, 2025 13:59 ET (18:59 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\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":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2588589063","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2588589063","pubTimestamp":1764701940,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Vestis shares declined after the company said revenue would be flat or decline in fiscal 2026, despite launching a new business transformation plan.The stock fell 13% to $5.83 on Tuesday. 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Before unveiling its business transformation plan analysts had been guiding for flat revenue, according to FactSet.Vestis expects the plan will be mostly wrap","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"VSTS":"Vestis Corporation","BK4137":"综合支持服务"},"translate_title":"尽管有扭亏为盈计划，但财年前景仍然黯淡，Vestis股价下跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"VSTS":0.9},"content_text":"By Katherine Hamilton \n\n\n \n\n\n  Vestis shares declined after the company said revenue would be flat or decline in fiscal 2026, despite launching a new business transformation plan. \n\n\n  The stock fell 13% to $5.83 on Tuesday. Shares have lost 62% of their value this year. \n\n\n  Through its new plan the provider of uniforms and workplace supplies is aiming to improve commercial and operational performance, as well as streamline its assets and network, Chief Executive Jim Barber said. Management plans to improve segmentation, raise prices, expand product offerings, streamline its organizational structure and reallocate equipment. \n\n\n  The plan is expected to generate annual operating cost savings of at least $75 million by the end of fiscal 2026, as well as enhance revenue, Chief Financial Officer Kelly Janzen said. \n\n\n  Still, Vestis expects revenue to be flat to down 2% in fiscal 2026. Before unveiling its business transformation plan analysts had been guiding for flat revenue, according to FactSet. \n\n\n  Vestis expects the plan will be mostly wrapped up by the end of 2027. Costs related to the execution will be $25 million to $30 million. \n\n\n  Fiscal fourth-quarter sales came in ahead of Wall Street's expectations, but earnings missed estimates. 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