Vestis Corporation Investors: Please contact the Portnoy Law Firm to recover your losses. August 8, 2025 Deadline to file Lead Plaintiff Motion

Investors can contact the law firm at no cost to learn more about recovering their losses

LOS ANGELES, July 28, 2025 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Vestis Corporation ("Open Lending" or the "Company") (NYSE: VSTS) investors of a class action representing investors that bought securities between May 2, 2024 and May 6, 2025, inclusive (the "Class Period"). Open Lending investors have until August 8, 2025 to file a lead plaintiff motion.

Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: lesley@portnoylaw.com, to discuss their legal rights, or click here to join the case. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.

Case Allegations: Vestis provides uniform rental services and workplace supplies across the United States and Canada.

The class action lawsuit alleges that during the Class Period, Vestis misled investors by creating the false impression that it had reliable information supporting its revenue forecasts and growth projections, while downplaying risks related to seasonality and broader economic conditions. In reality, according to the complaint, Vestis' optimistic outlook—promising a return to positive growth in fiscal 2025 driven by improved service, annual price increases, and stronger customer satisfaction, loyalty, and retention—was unfounded. Instead, these efforts led to a substantial decline in revenue from existing customers, undermining the company’s growth projections.

The lawsuit further claims that on May 7, 2025, Vestis withdrew its full-year 2025 revenue and growth guidance and issued third-quarter forecasts that significantly missed market expectations. Vestis reportedly attributed its disappointing results to "lost business exceeding new business" and primarily to "lower adds over stops," referring to reduced net volume from existing customers. Vestis also cited an "increasingly uncertain macro environment" as a reason for pulling its full-year outlook. Following this announcement, Vestis’ stock price dropped more than 37%.

Please visit our website to review more information and submit your transaction information.

The Portnoy Law Firm represents investors in pursuing claims against caused by corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.

Lesley F. Portnoy, Esq.
Admitted CA and NY Bar
lesley@portnoylaw.com
310-692-8883
www.portnoylaw.com

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