RADNOR, Pa., May 05, 2024 (GLOBE NEWSWIRE) — The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) is currently investigating potential violations of the federal securities laws on behalf of investors of Vestis Corporation (NYSE: VSTS) (“Vestis”).
On May 2, 2024, Vestis announced its earnings for the second-quarter ended March 29, 2024. Specifically, Vestis reported an adjusted earnings per share (EPS) of $0.13, significantly below analyst consensus of $0.23, and revenue of $705.4 million, also missing the expected $728.65 million. Additionally, Vestis revised its full-year 2024 revenue growth outlook to between negative 1% and 0%.
Following this news, Vestis’s stock price fell over 40% during intraday trading, to close at $10.16 per share on May 2, 2024.
If you are a Vestis investor and would like to learn more about our investigation, please CLICK HERE to fill out our online form or contact Kessler Topaz Meltzer & Check, LLP: Jonathan Naji, Esq. (484) 270-1453 or E-mail at info@ktmc.com. You can also click on the following link or paste it in your browser: https://www.ktmc.com/new-cases/vestis-corporation-investigation-1?utm_source=PR&utm_medium=link&utm_campaign=vsts&mktm=r
Kessler Topaz Meltzer & Check, LLP prosecutes class actions in state and federal courts throughout the country involving securities fraud, breaches of fiduciary duties and other violations of state and federal law. Kessler Topaz Meltzer & Check, LLP is a driving force behind corporate governance reform, and has recovered billions of dollars on behalf of institutional and individual investors from the United States and around the world. The firm represents investors, consumers and whistleblowers (private citizens who report fraudulent practices against the government and share in the recovery of government dollars). For more information about Kessler Topaz Meltzer & Check, LLP, please visit www.ktmc.com.
CONTACT:
Kessler Topaz Meltzer & Check, LLP
Jonathan Naji, Esq.
280 King of Prussia Road
Radnor, PA 19087
(484) 270-1453
info@ktmc.com
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