The earnings call reflected a mixed sentiment. While there were positive developments such as the appointment of a new CEO and sequential monthly revenue growth, the company faced significant challenges such as a decline in revenue and adjusted EBITDA margin, as well as issues with customer retention. The execution of the credit agreement amendment provides some financial flexibility, but the overall performance fell short of expectations.

Company Guidance -

Q3 2025

In the fiscal second quarter of 2025, Vestis Corporation reported revenue of $665 million, a decline of 5.7% year-over-year and 2.7% from the previous quarter. The decrease was driven by an $11 million drop in rental revenue and a $7 million decline in direct sales. Adjusted for a $150 million one-time bad debt adjustment, EBITDA was $63 million, representing a margin of 9.4%, down from 11.9% in Q1. Despite these challenges, new business contributed 2.4% to revenue growth, with customer retention at 92.4%. Operational improvements and increased sales productivity were noted, with field and national account teams installing 35% more recurring revenue year-over-year. Looking forward, Vestis has shifted to quarterly guidance, projecting Q3 revenue between $674 million and $682 million and adjusted EBITDA of at least $63 million. The company emphasizes a focus on customer service and operational improvements, alongside financial flexibility through a recent credit agreement amendment.

New Leadership Appointment

Jim Barber, former COO of UPS, will be stepping into the role of President and CEO on June 2, 2025.

Sequential Monthly Revenue Growth

Vestis reported sequential monthly revenue growth in each month since January, including April, with the current run rate 3.4% higher than it was in January.

Successful Execution of Credit Agreement Amendment

Vestis executed an amendment to its credit agreement, providing additional financial flexibility through the end of fiscal 2026.

Strong Performance in New Business

New business contributed to 2.4% of revenue growth during the quarter, with field and national account sales teams collectively installing 35% more recurring revenue year-over-year.

Vestis Corporation (VSTS) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

VSTS Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 05, 2025	2025 (Q3)	0.05 / -	0.16	―	―	―
May 06, 2025	2025 (Q2)	0.14 / -0.05	0.13	-138.46% (-0.18)
Jan 31, 2025	2025 (Q1)	0.12 / 0.14	0.22	-36.36% (-0.08)
Nov 21, 2024	2024 (Q4)	0.13 / 0.11	0.555	-80.18% (-0.45)
Aug 07, 2024	2024 (Q3)	0.09 / 0.16	0.45	-64.44% (-0.29)
May 02, 2024	2024 (Q2)	0.22 / 0.13	―	―
Feb 07, 2024	2024 (Q1)	0.21 / 0.22	―	―
Nov 29, 2023	2023 (Q4)	0.29 / 0.56	0.177	213.56% (+0.38)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

VSTS Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
May 06, 2025	$8.71	$5.44	-37.54%
Jan 31, 2025	$15.80	$13.94	-11.77%
Nov 21, 2024	$13.25	$15.55	+17.36%
Aug 07, 2024	$12.41	$12.62	+1.69%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Vestis Corporation (VSTS) report earnings?

Vestis Corporation (VSTS) is schdueled to report earning on Aug 05, 2025, Before Open (Confirmed).

What is Vestis Corporation (VSTS) earnings time?

Vestis Corporation (VSTS) earnings time is at Aug 05, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is VSTS EPS forecast?

VSTS EPS forecast for the fiscal quarter 2025 (Q3) is 0.05.

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