Stock Track | Vestis Corporation Plunges 5.33% in After-Hours Trading on Earnings Miss and Restructuring Plan

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Vestis Corporation (VSTS) saw its stock drop 5.33% in after-hours trading following the release of its mixed fourth-quarter earnings report and the announcement of a strategic business transformation plan.

The company reported adjusted earnings of $0.03 per share, missing the analyst consensus estimate of $0.06 by 47.37%. This represents a 72.73% decline from the same period last year. While revenue of $712.01 million beat estimates by 4.97%, the significant earnings miss and a net loss of $13 million for the quarter weighed on investor sentiment.

Vestis also unveiled a multi-year restructuring plan aimed at improving operational efficiency, with expected costs of $25 million to $30 million. The company anticipates annual cost savings of $75 million by 2026 but provided a cautious revenue outlook for fiscal 2026, projecting flat to a 2% decline.

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This represents a 72.73% decline from the same period last year. While revenue of $712.01 million beat estimates by 4.97%, the significant earnings miss and a net loss of $13 million for the quarter weighed on investor sentiment.</p><p>Vestis also unveiled a multi-year restructuring plan aimed at improving operational efficiency, with expected costs of $25 million to $30 million. The company anticipates annual cost savings of $75 million by 2026 but provided a cautious revenue outlook for fiscal 2026, projecting flat to a 2% decline.</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":"1124731149","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1124731149","pubTimestamp":1764625958,"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 (VSTS) saw its stock drop 5.33% in after-hours trading following the release of its mixed fourth-quarter earnings report and the announcement of a strategic business transformation...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"VSTS":"Vestis Corporation"},"translate_title":"个股追踪|Vestis Corporation盘后暴跌5.33%因盈利未达预期及重组计划","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"VSTS":1},"content_text":"Vestis Corporation (VSTS) saw its stock drop 5.33% in after-hours trading following the release of its mixed fourth-quarter earnings report and the announcement of a strategic business transformation plan.The company reported adjusted earnings of $0.03 per share, missing the analyst consensus estimate of $0.06 by 47.37%. 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