Short answer
Vestis Corp (VSTS) filed its Q2 2026 10-Q quarterly report on May 12, 2026 for the quarter ended Apr 3, 2026. Quarterly revenue was $659M (down 0.9% year over year) with net income of $3M.
Q2 2026 key financials · XBRL
- Revenue
- $659M
- −0.9% YoY · −0.6% QoQ
- Net income
- $3M
- +109.3% YoY · +140.6% QoQ
- Operating margin
- 4.1%
- EPS (diluted)
- $0.02
- +109.1% YoY · +140.0% QoQ
Source: XBRL data from the Vestis Corp (VSTS) Q2 2026 10-Q on SEC EDGAR. USD.
Vestis Corp Q2 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Quarterly revenue $659.4M, down $5.8M or 0.9% YoY; uniforms declined $10.5M, workplace supplies increased $4.7M
- Operating margin 4.1% vs negative 1.3% YoY; operating income $26.8M vs loss of $8.6M
- Best segment United States revenue $598.9M, operating income $49.8M, margin 8.3% vs 3.1%; Canada margin 3.2% vs 3.5%
- Six-month operating cash flow $95.9M vs $10.4M; cash $50.3M and total debt $1,127.5M vs $1,168.5M
- Transformation plan targets at least $75M annual savings by fiscal 2026; energy surcharge addresses higher energy costs
Risk Factors
- New geopolitical risk: February 2026 U.S.-Israel offensive against Iran and retaliatory missile attacks
- Supply-chain risk: Strait of Hormuz disruptions threaten a waterway carrying approximately 20% of global oil supply
- Cost risk: Conflict-driven energy-price increases could heighten inflationary pressure on input costs
- Market risk: Escalation could adversely affect customer spending patterns in Vestis operating markets
- Regulatory risk: Potential sanctions and governmental responses could disrupt trade and transportation routes
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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