Vestis (NYSE:VSTS) Full Year 2024 Results
Key Financial Results
- Revenue: US$2.81b (flat on FY 2023).
- Net income: US$21.0m (down 90% from FY 2023).
- Profit margin: 0.7% (down from 7.5% in FY 2023).
- EPS: US$0.16 (down from US$1.63 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Vestis EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 30%.
The primary driver behind last 12 months revenue was the United States segment contributing a total revenue of US$2.56b (91% of total revenue). Notably, cost of sales worth US$1.99b amounted to 71% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$517.2m (65% of total expenses). Explore how VSTS's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Commercial Services industry in the US.
Performance of the American Commercial Services industry.
The company's shares are up 16% from a week ago.
Risk Analysis
Be aware that Vestis is showing 2 warning signs in our investment analysis and 1 of those is a bit concerning...
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About NYSE:VSTS
Vestis
Provides uniform rentals and workplace supplies in the United States and Canada.
Moderate growth potential and slightly overvalued.
