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Negative Sentiment

Vestis posts quarterly loss beats revenue forecast

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On Monday, Vestis Corp. reported a fiscal fourth-quarter loss of $12.5 million, or 10 cents per share. Adjusted earnings were 3 cents, matching Wall Street expectations from a Zacks survey. The Roswell, Georgia-based uniforms and workplace supplies provider logged $712 million in revenue, beating the $703.4 million forecast. For the year, Vestis posted a $40.2 million loss, or 31 cents per share, on $2.73 billion in revenue.

Prepared by Christopher Adams and reviewed by editorial team.

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