Stock Track | Vestis Corporation Plummets 12.38% Intraday on Earnings Miss and Restructuring Plan

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Vestis Corporation (NYSE: VSTS) saw its stock plummet 12.38% during Tuesday's intraday trading session, marking one of its sharpest declines in recent history.

The drop follows the company's mixed fourth-quarter earnings report, where adjusted earnings of $0.03 per share missed analyst estimates by 47.37% and represented a 72.73% year-over-year decline. Despite revenue beating expectations, Vestis reported a net loss of $13 million for the quarter. Investors were further spooked by the announcement of a costly restructuring plan, expected to cost $25-30 million, coupled with a cautious revenue outlook for fiscal 2026 (flat or down 2%).

The combination of weaker-than-expected earnings, high restructuring costs, and a subdued growth forecast has raised concerns about the company's near-term profitability and the execution risks associated with its transformation plan.

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