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Earnings Reports 1 February 2026 - 2 February 2026

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  • Vestis (VSTS) Trades 30% Over Analyst Targets as Debt Questions Linger
    July 10, 2026, 5:29 PM EDT. Vestis Corporation (NYSE:VSTS) moved up 1.3% to $14.54 Friday, about 30% higher than the average analyst target of $11.20. There's no new earnings out, and the analyst view is still mixed, but the stock holds its gains. In fiscal Q2, revenue slipped, though adjusted EBITDA rose 19% to $74.5 million. Free cash flow hit $56.6 million, helping the company cut $34 million off its debt. CEO Jim Barber pointed to operational progress and aims for $75 million in yearly savings by fiscal 2026. Vestis holds $1.08 billion in net debt versus a $1.93 billion market cap, and now trades at roughly 9.7 times adjusted EBITDA. Debt remains in focus, even as cash flow numbers improve.
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