Vestis reports Q2 adjusted EPS 16c, consensus 8c

Reports Q2 revenue $659.4M, consensus $655.98M. “During the second quarter, Vestis (VSTS) continued to advance its strategic transformation through targeted initiatives aimed at enhancing operating leverage and profitability,” said Jim Barber, President and CEO. “We realized the early benefits of these actions, with Adjusted EBITDA increasing year-over-year, supported by the first quarter of improved operating leverage since becoming a standalone public company. Our focus on service, operating performance, and cost discipline is delivering results, culminating in a return to profitable growth. Given this momentum, we are raising our full-year fiscal 2026 Adjusted EBITDA and Free Cash Flow guidance, and reaffirming our expectations for sequential improvements in Adjusted EBITDA as we move through the year.”