SHAREHOLDER ALERT: Pomerantz Law Firm is investigating claims on behalf of investors in Vestis Corporation

NEW YORK , May 7, 2024 /PRNewswire/ — Pomerantz LLP is investigating claims on behalf of investors in Vestis Corporation (“Vestis” or the “Company”) (NYSE: VSTS). Such investors are encouraged to contact Danielle Peyton at (email protected) or 646-581-9980, extension 7980.

The investigation concerns whether Vestis and certain of its officers and/or directors engaged in securities transactions Fraud or other unlawful business practices.

(Click here for information about joining the class action lawsuit)

At 2.MayIn 2024, Vestis announced its financial results for the past quarter March 29th2024. Among other things, Vestis reported adjusted earnings per share of $0.13well below consensus estimates $0.23and income from $705.4 millionthe expected is also missing $728.65 million. In addition, Vestis has adjusted its full-year 2024 revenue growth forecast to between minus 1% and 0%.

On this news, Vestis’ share price fell $8.31 per share or 44.99% to close $10.16 per share May 2, 2024.

Pomerantz LLP, with offices in new York, Chicago, Los Angeles, London, ParisAnd Tel Aviv, is considered one of the leading law firms in the areas of corporate, securities and antitrust litigation. Founded by the deceased Abraham L. PomerantzPomerantz, known as the dean of the class action bar, pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues the tradition he founded and fights for the rights of securities victims Fraud, breaches of fiduciary duty and corporate misconduct. The company has recovered numerous millions of dollars in damages on behalf of the class members. See www.pomlaw.com.

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CONTACT:
Danielle Peyton
Pomerantz LLP
(email protected)
646-581-9980 ext 7980

SOURCE Pomerantz LLP