Vestis Corporation (NYSE: VSTS)

This lawsuit is for anyone who acquired securities in Vestis Corporation (NYSE: VSTS) from May 2, 2024 though May 6, 2025.

The lawsuit alleges that the Company and certain of its executives violated federal law. Specifically, the lawsuit alleges that, throughout the time period mentioned above, the Company misled investors regarding its financial condition. More specifically, the lawsuit alleges that the Company misled investors by failing to timely warn investors the Company was having problems retaining customers and attracting new customers..

On May 7, 2025, Vestis released its second quarter fiscal 2025 financial results and revised its prior growth and revenue guidance for 2025, providing guidance for the third quarter, falling significantly below market expectations. The Company explained that the poor results were partially due to “lost business in excess of new business” but primarily on “lower adds over stops, which is how [it] describe[s] volumes changes with [its] existing customers.” On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Vestis Corporation (NYSE: VSTS) from May 2, 2024 though May 6, 2025 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.