INVESTOR ALERT

Law Offices of Howard G. Smith Announces Investigation of Vestis Corporation (VSTS) on Behalf of Investors

Law Offices of Howard G. Smith announces an investigation on behalf of Vestis Corporation (“Vestis” or the “Company”) (NYSE: VSTS) investors concerning the Company’s possible violations of federal securities laws.

On May 2, 2024, Vestis released its second quarter FY2024 financial results, falling below expectations and revising its 2024 outlook, reporting that it “now expect[ed] to deliver fiscal 2024 revenue growth in the range of [negative] (1)% to 0%.” The Company blamed “challenges ... related to sales productivity and deliberate moderated pricing actions” for the disappointing results.

On this news, Vestis’s stock price fell $8.31, or 45%, to close at $10.16 per share on May 2, 2024, thereby injuring investors.

If you purchased Vestis securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at [phone] or by email to [e-mail], or visit our website at www.howardsmithlaw.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240523313088/en/

The Vestis Corporation Stock at the time of publication of the news with a raise of +1,74 % to 11,70EUR on Tradegate stock exchange (22. Mai 2024, 22:27 Uhr).