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Vestis Corporation (NYSE: VSTS) SECURITIES FRAUD INVESTIGATION

Kessler Topaz Meltzer & Check, LLP is currently investigating potential violations of the federal securities laws on behalf of investors of Vestis Corporation (NYSE: VSTS) (“Vestis”). 

On May 2, 2024, Vestis announced its earnings for the second-quarter ended March 29, 2024. Specifically, Vestis reported an adjusted earnings per share (EPS) of $0.13, significantly below analyst consensus of $0.23, and revenue of $705.4 million, also missing the expected $728.65 million. Additionally, Vestis revised its full-year 2024 revenue growth outlook to between (1)% and 0%.

Following this news, Vestis’s stock price fell over 40% during intraday trading, to close at $10.16 per share on May 2, 2024.  

If you have any questions or would like to discuss this investigation, please contact Kessler Topaz Meltzer & Check, LLP:  Jonathan Naji, Esq. (484) 270-1453 or via e-mail at info@ktmc.com.  

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Purchase(s)
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Date
# of Shares
Price per Share
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# of Contracts
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