Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against Vestis Corporation (VSTS)

Core Viewpoint - A securities class action lawsuit has been filed against Vestis Corporation for allegedly misleading investors about its revenue outlook and growth potential during the specified class period [1][2]. Group 1: Lawsuit Details - The lawsuit was initiated in the United States District Court for the Southern District of New York on behalf of individuals or entities that acquired Vestis securities between May 2, 2024, and May 6, 2025 [1]. - The complaint claims that the defendants misrepresented Vestis' revenue projections and downplayed risks associated with seasonality and macroeconomic factors [2]. Group 2: Company Performance - Vestis had projected a return to positive growth in fiscal 2025, citing improvements in service efficacy and annual price increases, alongside enhanced customer satisfaction and retention rates [2]. - Contrary to these optimistic projections, the company experienced a significant decline in revenue from existing customers, indicating that it was not prepared to meet its growth guidance [2]. Group 3: Investor Information - Investors who purchased shares of Vestis are encouraged to contact the law firm before the lead plaintiff motion deadline on August 8, 2025, to discuss their rights and interests regarding the class action [3].