Vestis Corporation (VSTS) Misses Q2 EPS by 13c; offers outlook

Vestis Corporation (NYSE: VSTS) reported Q2 EPS of $0.16, $0.13 worse than the analyst estimate of $0.29. Revenue for the quarter came in at $698.25 million versus the consensus estimate of $742.42 million.

OUTLOOK

Fiscal Year 2024 Outlook

We continue to expect to deliver fiscal 2024 revenue growth in the range of (1)% to 0%. We also expect fiscal 2024 Adjusted EBITDA Margin to be toward the higher end of the range between 12.0% and 12.4%, inclusive of approximately $18 million in incremental public company costs in the period.

For earnings history and earnings-related data on Vestis Corporation (VSTS) click here.

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