Stock Track | Vestis Corporation Plunges 5.33% in After-Hours Trading on Earnings Miss and Restructuring Plan
Stock Track
Yesterday
Vestis Corporation (NYSE: VSTS) saw its stock plummet 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%. While quarterly sales of $712.01 million beat estimates, the earnings shortfall and a net loss of $13 million for the quarter weighed heavily on investor sentiment.
Vestis also unveiled a restructuring plan expected to cost between $25 million and $30 million, aimed at improving operational efficiency. The company anticipates fiscal 2026 revenue to be flat or down 2%, further dampening market confidence.
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.