Filing Flows › Vestis (VSTS) › Q2 FY25
Vestis (VSTS) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed May 7, 2025
Vestis (VSTS) reported revenue of $665M for the second quarter fiscal 2025 (Q2 FY25), -6% from a year earlier and -3% from the quarter before. Operating margin was -1.3%, net loss $27.8M (4.2% of revenue).
Vestis, Q2 FY25: revenue $665M (-6% year over year), operating margin -1.3%, net loss $27.8M, operating cash flow $6.7M. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $665M | -3% | -6% |
| Operating profit | −$8.6M | -129% | — |
| Net earnings | −$27.8M | — | — |
| Operating cash flow | $6.7M | +76% | -91% |
What changed
Revenue was $665.2M in Q2 FY25, down 6% year over year and down 3% from the previous quarter. United States was the largest line at 91% of revenue. United States lost $36.0M year over year (down 6%), 90% of the total change.
Operating costs exceeded revenue by $8.6M, an operating margin of -1.3%. Total costs grew 2% against a revenue fall of 6%. The fastest-growing cost line was SG&A (+21%). The quarter ended with a net loss of $27.8M, after a profit of $832K the previous quarter. Net interest and other expense of $25.6M was the main reason.
Operating cash flow was $6.7M (down 91% year over year). Non-cash charges added back $35.9M of depreciation and amortization and $8.0M of share-based compensation. Working capital and other items used $9.4M. Capital expenditures of $13.5M exceeded it, leaving free cash flow of −$6.9M.
Questions
What was Vestis' revenue in the second quarter fiscal 2025?
Vestis (VSTS) reported revenue of $665M for the second quarter fiscal 2025 (Q2 FY25), -6% from a year earlier and -3% from the quarter before.
Was Vestis profitable in the second quarter fiscal 2025?
Operating loss was $8.6M (-1.3% of revenue) and net loss $27.8M.
Source: Vestis 10-Q on SEC EDGAR.