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On May 6, 2025, Vestis reported a significant drop in 2Q 2025 revenue results that missed analysts’ expectations. In addition, the company’s adjusted EBITDA decreased 41% quarter-over-quarter. The decline in revenue was primarily from “lost business in excess of new business” and decrease in sales driven by the loss of a national account customer.
Following this news, VSTS’ stock price fell by $3.31 per share, or approximately 38%, to close at $5.40 per share.