Vestis reports Q2 EPS (21c), consensus 15c

Reports Q2 revenue $665.25M, consensus $690.81M. “We are disappointed with our second quarter results, which do not reflect the true potential of our business. As Interim CEO, I’ve been engaging with our teammates and focusing on our operations to drive immediate action,” said Phillip Holloman, Interim Executive Chairman, President and CEO. “Despite the challenges in the quarter, I’m pleased that we have continued to improve our new customer sales with both local and national accounts. The uniform and workplace supplies industry remains a highly attractive market segment, and I am energized by the significant opportunity for Vestis (VSTS) to deliver long-term value creation.”