Vestis' Stock Rallies Ahead of Anticipated Quarterly Uptick in Ebitda

Dow Jones
Feb 11

By Emon Reiser

 

Shares of Vestis climbed after the workplace supplies and uniform rental company guided for 5% adjusted Ebitda growth in the quarters ahead as it reduces its operating expenses.

The stock rose 22% to $8.94 a share in midday trading on Tuesday. Shares are up 34% year to date.

Vestis ahead of the market open reported a loss of $6.4 million, or 5 cents a share for the quarter-ended Jan. 2, compared with a profit of $832,000, or 1 cent a share, in the year ago period.

After accounting for one-time items, Vestis reported 10 cents in adjusted earnings per share. Analysts polled by FactSet expected 6 cents a share.

Revenue fell to $663.4 million, compared with $683.8 million in the year-ago quarter. Analysts expected $664.2 million.

Vestis guided for adjusted Ebitda for the full year in the range of $285 million and $315 million, with 5% successive quarterly improvements beginning in the second quarter. Full-year revenue is expected to be flat to down 2%.

"In the first quarter, we saw a $0.02 improvement in cost per pound over fiscal Q1 2025, which translates to roughly $10 million in adjusted Ebitda at our current volume," Chief Executive Jim Barber said on a call with analysts. "We expect to see continued improvement in this trend throughout the year."

 

Write to Emon Reiser at emon.reiser@wsj.com

(END) Dow Jones Newswires

February 10, 2026 12:30 ET (17:30 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10