Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Vestis Corporation (VSTS)
NYSE:VSTS
RESEARCH TOOLSreports
Earnings Data
Report Date
May 01, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.15Last Year’s EPS
0.13Same Quarter Last Year
Based on 4 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Jan 31, 2025
|% Change Since: -17.47%
|Next Earnings Date:May 01, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a balanced view with both positive and negative aspects. While there were improvements in sales productivity, customer retention, and a strong national account pipeline, there were also challenges such as a year-over-year revenue decline, decreased EBITDA margin, and lower cash flow from operations.Company Guidance
During the fiscal first quarter 2025 earnings call, Vestis Corporation provided detailed guidance on several key metrics. The company reported Q1 revenue of $684 million, which remained flat sequentially from Q4 2024, but down 4.7% year-over-year, or 4.5% on a constant-currency basis. Adjusted EBITDA for Q1 was $81.2 million, up 1% sequentially but down 180 basis points year-over-year, resulting in an EBITDA margin of 11.9%. Vestis highlighted a strategic focus on volume growth, expecting it to exceed lost business by Q2, driven by new sales headcount, national account wins, and a customer retention rate of 92.9%, up 30 basis points year-over-year. For full-year fiscal 2025, Vestis reaffirmed its guidance for revenue growth of 3% to 4% and EBITDA growth approaching or exceeding 10% in the second half, supported by strong new volume wins, improved sales productivity, and positive pricing actions. The company also noted progress in cost savings initiatives, including logistics optimization and merchandise reuse. Vestis aimed to maintain a net debt-to-EBITDA ratio of 3.8 times, with plans to reach a target leverage level of 1.5 to 2.5 times by the end of fiscal 2026.Revenue and EBITDA in Line with Expectations
Q1 revenue was $684 million, flat sequentially from Q4 2024, and adjusted EBITDA was $81.2 million, up approximately 1% sequentially.
Strong National Account Pipeline
Significant wins include a new line of expansion with a large restaurant customer, where Vestis will more than triple its recurring revenue. The national accounts pipeline is the strongest it's been for Vestis.
Improvement in Sales Team Productivity
Productivity for field sales improved by 20% year-over-year, with some regions achieving a 40% increase. Sales hiring resumed with positive net change in sales headcount in January.
Customer Retention Improvement
Customer retention rate improved to 92.9%, up 30 basis points year-over-year and up 280 basis points versus the fourth quarter.
---
VSTS Earnings History
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 |
|---|---|---|---|
| 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% |
| May 02, 2024 | $18.28 | $10.06 | -44.97% |
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 May 01, 2025, TBA Not Confirmed.
What is Vestis Corporation (VSTS) earnings time?
Vestis Corporation (VSTS) earnings time is at May 01, 2025, TBA Not 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 (Q2) is 0.15.
---