BUZZ-Vestis slides on Q1 revenue miss, CFO transition
ReutersJan 31, 2025 4:54 PM
Shares of uniform rental company Vestis Corp VSTS.N down about 13% at $13.76
Company reports revenue of $684 mln for Q1, below analysts' estimates of $688.9 mln, according to data compiled by LSEG
CFO Rick Dillon to step down and will remain with company until Feb. 14 - VSTS
Kelly Janzen to succeed Dillon - VSTS
Company posts adj. EPS of $0.14, above analysts' estimates of $0.12
Also reaffirms revenue forecast for FY25 of $2.8 bln to $2.83 bln, in line with analysts' estimates of $2.83 bln
VSTS shares fell more than 26% in 2024
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