Vestis Swings to Fiscal Q2 Adjusted Earnings, Revenue Declines; Fiscal 2026 Revenue Outlook Updated
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Vestis (VSTS) reported fiscal Q2 adjusted earnings of $0.16 per diluted share, up from a loss of $0.05 a year earlier, surpassing analysts' expectations of $0.08. Revenue for the quarter was $659.4 million, slightly down from $665.2 million last year, but above the expected $655.3 million. For fiscal 2026, the revenue outlook has been updated to a flat to 1% decline, an improvement from the previous forecast of 1% to 2% decline. Shares rose over 9% in premarket trading.
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