Vestis (VSTS) Q3 Revenue Falls 3.5%

Vestis (NYSE:VSTS), a major player in uniform rental and workplace supplies across North America, reported third quarter fiscal 2025 earnings on August 5, 2025. The most notable result was a net loss per share of $(0.01) (GAAP), falling short of analyst estimates for a $0.05 GAAP profit and marking a reversal from a $0.04 profit (GAAP) in the same quarter last year. Revenue (GAAP) came in at $673.8 million, just below the $674.04 million GAAP revenue expected by analysts, and down from $698.2 million (GAAP) in the prior year period. Free cash flow (non-GAAP) also declined, coming in at $8.0 million compared to $27.7 million for the nine months ended June 28, 2024. The quarter underscored ongoing challenges for Vestis, with earnings and cash flow under pressure amid continued customer attrition and operational issues. The results point to a period of stabilization, with improvement efforts underway but not yet visible in the financials. Source: Analyst estimates provided by FactSet. Management expectations based on management's guidance, as provided in Q2 2025 earnings report. Vestis is a leading provider of uniform rental, floor mats, linens, managed restroom services, and related workplace supplies, mostly serving business and institutional customers. Its business is built on a recurring revenue model, with rental business representing 94% of total revenue in FY2024. The company operates over 350 facilities and serves more than 300,000 customer locations, making it one of the largest in its industry across the U.S. and Canada.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool