Wolf Popper LLP Announces Investigation on Behalf of Vestis Corporation Investors
/EIN News/ -- NEW YORK, May 03, 2024 (GLOBE NEWSWIRE) -- Wolf Popper LLP is investigating potential claims on behalf of purchasers of Vestis Corporation (“Vestis”) common stock (NYSE: VSTS).
Vestis is a provider of uniforms and workplace supplies. On September 30, 2023, Aramark spun out Vestis common shares to its shareholders.
Before the market opened on May 2, 2024, Vestis announced weak fiscal second quarter 2024 results and lowered its full year fiscal 2024 revenue growth guidance from 4% - 4.5% to (1)% - 0% and lowered its adjusted EBITDA margin guidance from 14.3% to 12% - 12.4%. On this news, Vestis’s stock price collapsed $8.31 per share to close at $10.16 on May 2, 2024, down 45.0% on very heavy volume.
Investors who lost over $50,000 trading in Vestis common stock and who would like to discuss the investigation should contact Adam Savett at (212) 451-9655, or asavett@wolfpopper.com.
Wolf Popper has successfully recovered billions of dollars for defrauded investors. Wolf Popper’s reputation and expertise have been repeatedly recognized by courts that have appointed the firm to major positions in securities litigation. For more information about Wolf Popper, please visit the Firm’s website at www.wolfpopper.com.
Attorney Advertising: Prior Results Do Not Guarantee a Similar Outcome.
Wolf Popper LLP
Adam Savett
845 Third Avenue
New York, NY 10022
Tel.: (212) 451-9655
Email: asavett @wolfpopper.com
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