Important Deadline for Vestis Corporation Shareholders Announced by The Gross Law Firm

Important Notice for Vestis Corporation Shareholders

The Gross Law Firm has recently issued a crucial notification aimed at shareholders of Vestis Corporation, listed on the NYSE under the ticker symbol VSTS. The firm has raised awareness about a significant deadline approaching on August 8, 2025, for shareholders who purchased shares within a specified timeframe. Those affected are encouraged to reach out to the firm regarding their potential appointment as lead plaintiffs, although being a lead plaintiff is not a prerequisite for receiving compensation.

Class Period Details

Shareholders who invested in Vestis stock between May 2, 2024, and May 6, 2025, are particularly urged to register. This class period has been identified in the legal action taken against Vestis Corporation, which alleges that the company made excessively optimistic statements to investors while simultaneously concealing critical adverse information about its business performance.

Allegations Against Vestis Corporation

According to the legal complaint, the statements made by the defendants not only misled investors but also masked significant flaws in Vestis’ ability to expand its business. Notably, the company is said to have struggled with the execution of planned strategic initiatives intended to enhance customer experiences and onboard new clients. Allegedly, these failures hindered both customer retention and revenue growth from existing customers.

On May 7, 2025, Vestis disclosed disappointing financial results for Q2 of fiscal year 2025, retracting its revenue and growth projections for the entire fiscal year. Moreover, the company's guidance for Q3 fell dramatically short of market expectations. Vestis described its poor performance as partly due to “lost business exceeding new business” and primarily attributable to what they referred to as “lower adds over stops,” indicating a severe drop in volume changes with existing clients. The downturn in projections was attributed to an overall