Core Viewpoint - The Portnoy Law Firm is representing investors in a class action lawsuit against Vestis Corporation, alleging misleading information regarding revenue forecasts and growth projections during the specified class period [1][3]. Group 1: Class Action Details - The class action represents investors who purchased securities between May 2, 2024, and May 6, 2025, with a deadline of August 8, 2025, to file a lead plaintiff motion [1]. - The lawsuit claims that Vestis misled investors by presenting an overly optimistic outlook while downplaying risks associated with seasonality and economic conditions [3]. Group 2: Allegations and Company Performance - Vestis is accused of creating a false impression of reliable revenue forecasts, which ultimately led to a significant decline in revenue from existing customers [3]. - On May 7, 2025, Vestis withdrew its full-year 2025 revenue guidance and issued third-quarter forecasts that missed market expectations, attributing the disappointing results to "lost business exceeding new business" and an "increasingly uncertain macro environment" [4]. - Following the announcement of these results, Vestis' stock price fell by more than 37% [4].

Core Viewpoint - Robbins LLP has initiated a class action lawsuit on behalf of investors who acquired Vestis Corporation (NYSE:VSTS) securities between May 2, 2024, and May 6, 2025, alleging that the company misled investors regarding its customer growth and strategic initiatives [1][2]. Allegations - The complaint asserts that Vestis Corporation failed to disclose its inability to execute planned strategic initiatives aimed at improving customer experience and onboarding, which were expected to drive new customer growth and retention [2]. - It is claimed that these misleading statements led investors to purchase Vestis securities at artificially inflated prices [2]. Financial Results and Market Reaction - On May 7, 2025, Vestis announced disappointing financial results for Q2 of fiscal 2025, withdrew its revenue and growth guidance for the full fiscal year, and provided third-quarter guidance that significantly missed market expectations [3]. - The company attributed its poor performance to "lost business in excess of new business" and "lower adds over stops," indicating a decline in volume changes with existing customers [3]. - Following this announcement, Vestis' stock price plummeted from $8.71 per share on May 6, 2025, to $5.44 per share on May 7, 2025, marking a decline of approximately 37.54% in just one day [3]. Class Action Participation - Shareholders interested in participating in the class action must file a motion for lead plaintiff by August 8, 2025, with the lead plaintiff representing other class members in the litigation [4]. - Shareholders can choose to remain absent from the case while still being eligible for recovery [4].

Core Viewpoint - Robbins LLP has initiated a class action lawsuit on behalf of investors who acquired Vestis Corporation (NYSE: VSTS) securities between May 2, 2024, and May 6, 2025, alleging that the company misled investors regarding its customer growth and strategic initiatives [1][2]. Group 1: Allegations and Financial Impact - The complaint alleges that Vestis Corporation failed to disclose its inability to execute planned strategic initiatives aimed at improving customer experience and onboarding, which were expected to drive new customer growth and revenue [2]. - On May 7, 2025, Vestis announced disappointing financial results for Q2 of fiscal 2025, withdrew its revenue guidance for the full fiscal year, and provided third-quarter guidance significantly below market expectations, attributing poor results to "lost business in excess of new business" and "lower adds over stops" [3]. - Following the announcement, Vestis' stock price plummeted from $8.71 per share on May 6, 2025, to $5.44 per share on May 7, 2025, marking a decline of approximately 37.54% in just one day [3]. Group 2: Class Action Participation - Shareholders interested in serving as lead plaintiffs in the class action must file a motion by August 8, 2025, with the lead plaintiff representing other class members in the litigation [4]. - Shareholders are not required to participate in the case to be eligible for recovery and can remain absent class members if they choose not to take action [4].

Core Viewpoint - Robbins LLP has initiated a class action lawsuit on behalf of investors who acquired Vestis Corporation (NYSE:VSTS) securities between May 2, 2024, and May 6, 2025, due to allegations of misleading statements regarding customer growth and business performance [1][2]. Allegations - The complaint alleges that Vestis Corporation misled investors by failing to disclose its inability to execute strategic initiatives aimed at improving customer experience and onboarding, which were expected to drive new customer growth and revenue [2]. - It is claimed that these misleading statements led to investors purchasing Vestis securities at artificially inflated prices [2]. Financial Performance - On May 7, 2025, Vestis announced disappointing financial results for Q2 of fiscal 2025, withdrew its revenue and growth guidance for the full fiscal year, and provided third-quarter guidance that was significantly below market expectations [3]. - The company attributed its poor performance to "lost business in excess of new business" and "lower adds over stops," indicating a decline in volume changes with existing customers [3]. - Following this announcement, Vestis' stock price plummeted from $8.71 per share on May 6, 2025, to $5.44 per share on May 7, 2025, marking a decline of approximately 37.54% in just one day [3]. Class Action Participation - Shareholders interested in participating in the class action against Vestis Corporation must file a motion for lead plaintiff by August 8, 2025 [4]. - The lead plaintiff will represent other class members in directing the litigation, but participation is not required to be eligible for recovery [4].

Core Viewpoint - A class action lawsuit has been filed against Vestis Corporation for allegedly misleading investors about customer growth and strategic initiatives [1][2]. Allegations - The complaint claims that Vestis Corporation did not disclose its inability to execute planned strategic initiatives aimed at improving customer experience and onboarding, which were expected to drive new customer growth and retention [2]. - It is alleged that these misleading statements led to investors purchasing Vestis securities at artificially inflated prices [2]. Financial Results and Market Reaction - On May 7, 2025, Vestis announced disappointing financial results for Q2 of fiscal 2025, withdrew its revenue guidance for the full year, and provided third-quarter guidance that was significantly below market expectations [3]. - The company attributed its poor performance to "lost business in excess of new business" and "lower adds over stops," indicating a decline in volume changes with existing customers [3]. - Following this announcement, Vestis' stock price plummeted from $8.71 per share on May 6, 2025, to $5.44 per share on May 7, 2025, marking a decline of approximately 37.54% in just one day [3]. Class Action Participation - Shareholders interested in participating in the class action must file a motion for lead plaintiff by August 8, 2025, with the lead plaintiff representing other class members in the litigation [4]. - Shareholders can choose to remain absent from the case while still being eligible for recovery [4]. Company Background - Robbins LLP, the firm leading the class action, specializes in shareholder rights litigation and has been active in helping shareholders recover losses and improve corporate governance since 2002 [5].