revenue $661.7M, net income $11.0M. Vestis operating income +49% on transformation plan; revenue -1.8% on 52-vs-53-week calendar

Filed August 11, 2026 · Period ending July 3, 2026 · Compared to 10-Q Aug 5, 2025 · ~2 min read

Key Changes

• high

  Operating income rose 49% YoY to $37.2M in Q3 FY26, driven by $24.4M reduction in operating expenses from transformation plan headcount cuts and lower bad debt, partially offset by $6.1M in consulting fees. Nine-month operating income up 72% to $80.6M.

  MD&A: Operating Results verify on EDGAR →
• high

  Multi-year transformation plan launched Q1 FY26 targeting $75M+ annual cost savings by end of FY26. Total estimated costs $35-40M; $31.2M recognized through Q3 ($23.2M consulting, $8.0M severance). Plan substantially complete by end of FY27.

  Notes: Transformation Plan view on EDGAR →
• high

  Revenue declined 1.8% to $661.7M in Q3 FY26, reflecting 4.5% volume decline partially offset by pricing. Filing attributes volume decline in part to 'targeted reductions in unprofitable sales volume' from transformation plan and notes compared periods contain different numbers of weeks (52-week vs 53-week fiscal years).

  MD&A: Revenue verify on EDGAR →