Shares of uniform rental provider Vestis Corporation (NYSE:VSTS) fell 37.5% in the afternoon session after the company reported disappointing first-quarter 2025 results, which missed across the board and included guidance that fell well short of expectations. The big hit came from lost deals and weaker sales to current clients, along with the loss of a big national account. Revenue dropped 6%, and even after removing a one-time charge, profit still fell from last year. The company gave a weak outlook for next quarter and pulled its full-year forecast, pointing to shaky demand. There were no redeeming qualities here.
Curious to know what's happening on the US markets in the middle of the day on Wednesday? Join us as we explore the top gainers and losers in today's session.
Uniform rental provider Vestis Corporation (NYSE:VSTS) missed Wall Street’s revenue expectations in Q1 CY2025, with sales falling 5.7% year on year to $665.2 million. Next quarter’s revenue guidance of $678 million underwhelmed, coming in 4.8% below analysts’ estimates. Its non-GAAP loss of $0.05 per share was significantly below analysts’ consensus estimates.
The regular session of the US market on Tuesday is now over, but let's get a preview of the after-hours session and explore the top gainers and losers driving the post-market movements.
Vestis Corporation (NYSE: VSTS) (“Vestis” or the “Company”), a leading provider of uniforms and workplace supplies, today announced the appointment of Jim Barber as President and Chief Executive Officer and as a member of the company’s Board of Directors (the “Board”), effective June 2, 2025. Mr. Barber succeeds Phillip Holloman, who has been serving as Interim Executive Chairman, President and Chief Executive Officer since March 18, 2025. Mr. Holloman will return to his role as Chairman of the Board following the transition.
Vestis Corporation (NYSE: VSTS), a leading provider of uniforms and workplace supplies, today announced its results for the second quarter ended March 28, 2025 and updated its outlook.
The US market is yet to commence its session on Thursday, but let's get a preview of the pre-market session and explore the top gainers and losers driving the early market movements.
Uber shares fell 0.9% to settle at $73.77 on Wednesday. Vestis shares gained 3.4% to close at $8.30 during the session. Paycom shares climbed 3.7% to settle at $219.23 on Wednesday. Interactive Brokers shares gained 2.7% to close at $161.71 during the session. CRH shares gained 2.4% to close at $87.81 on Wednesday.
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Vestis (NYSE: VSTS), a leading provider of uniforms and workplace supplies, has announced that it will report its fiscal second quarter 2025 earnings results after the market closes on Tuesday, May 6, 2025.
Business services providers thrive by solving complex operational challenges for their clients, allowing them to focus on their secret sauce. But cutbacks in corporate spending and the threat of new AI products have kept sentiment in check,
and over the past six months, the industry has tumbled by 2.3%. This performance mirrored the S&P 500’s decline.
