$VSTS
Vestis Corp Stock $vsts

$vsts Overview Financials Valuation SEC Filings Company Website

2024 Q1 Form 10-Q Financial Statement

#000196764924000012 Filed on February 09, 2024

Income Statement

Concept	2024 Q1	2023 Q4	2023 Q3
Revenue	$705.4M	$717.9M	$715.9M
YoY Change	-49.62%	2.46%	5.33%
Cost Of Revenue	$504.4M	$502.4M	$490.1M
YoY Change	-49.33%		2.91%
Gross Profit	$201.0M	$215.5M	$225.8M
YoY Change	-50.31%		10.97%
Gross Profit Margin	28.49%	30.02%	31.54%
Selling, General & Admin	$122.7M	$132.6M	$132.3M
YoY Change	-47.94%	4.95%	17.15%
% of Gross Profit	61.05%	61.51%	58.57%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$35.21M	$35.36M	$34.80M
YoY Change	-47.83%	4.35%	3.28%
% of Gross Profit	17.52%	16.41%	15.41%
Operating Expenses	$122.7M	$132.6M	$167.1M
YoY Change	-59.53%	4.95%	13.95%
Operating Profit	$43.05M	$47.60M	$58.78M
YoY Change	-57.49%	7.27%	3.3%
Interest Expense	-$34.71M	-$30.78M	$51.55M
YoY Change	-9989.74%		25676.5%
% of Operating Profit	-80.63%	-64.66%	87.71%
Other Income/Expense, Net	-$34.71M	-$30.78M
YoY Change	-21660.87%	-16297.37%
Pretax Income	$8.341M	$16.82M	$109.3M
YoY Change	-91.14%	-62.25%	91.47%
Income Tax	$2.376M	$4.557M	$15.36M
% Of Pretax Income	28.49%	27.09%	14.05%
Net Earnings	$5.965M	$12.27M	$93.97M
YoY Change	-91.52%	-63.35%	120.59%
Net Earnings / Revenue	0.85%	1.71%	13.13%
Basic Earnings Per Share	$0.05	$0.09
Diluted Earnings Per Share	$0.05	$0.09	$0.71
COMMON SHARES
Basic Shares Outstanding	131.4M shares	131.4M shares
Diluted Shares Outstanding	131.9M shares	131.7M shares

Balance Sheet

Concept	2024 Q1	2023 Q4	2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments	$30.66M	$48.86M	$36.05M
YoY Change	191.99%
Cash & Equivalents	$30.66M	$48.86M	$36.05M
Short-Term Investments
Other Short-Term Assets	$26.54M	$25.49M	$416.3M
YoY Change	-93.5%
Inventory	$140.9M	$149.9M	$174.7M
Prepaid Expenses
Receivables	$406.0M	$403.3M	$392.9M
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$1.005B	$1.028B	$1.020B
YoY Change	-0.71%
LONG-TERM ASSETS
Property, Plant & Equipment	$710.9M	$718.8M	$722.4M
YoY Change	-0.71%
Goodwill	$963.7M	$965.3M	$963.5M
YoY Change			0.02%
Intangibles	$225.7M	$232.6M	$238.6M
YoY Change			0.0%
Long-Term Investments
YoY Change
Other Assets	$216.6M	$217.4M	$212.6M
YoY Change	6.56%
Total Long-Term Assets	$2.117B	$2.134B	$2.137B
YoY Change	-0.83%
TOTAL ASSETS
Total Short-Term Assets	$1.005B	$1.028B	$1.020B
Total Long-Term Assets	$2.117B	$2.134B	$2.137B
Total Assets	$3.122B	$3.162B	$3.157B
YoY Change	-0.79%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$146.5M	$130.0M	$134.5M
YoY Change	-4.79%
Accrued Expenses	$103.5M	$91.02M	$207.1M
YoY Change	-45.63%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$8.000M	$26.25M	$53.91M
YoY Change	-67.35%
Total Short-Term Liabilities	$400.2M	$393.8M	$395.5M
YoY Change	8.53%
LONG-TERM LIABILITIES
Long-Term Debt	$1.411B	$1.455B	$1.568B
YoY Change	1345.54%
Other Long-Term Liabilities	$50.61M	$48.30M	$98.68M
YoY Change	-51.57%
Total Long-Term Liabilities	$1.461B	$1.503B	$1.667B
YoY Change	623.14%
TOTAL LIABILITIES
Total Short-Term Liabilities	$400.2M	$393.8M	$395.5M
Total Long-Term Liabilities	$1.461B	$1.503B	$1.667B
Total Liabilities	$2.221B	$2.258B	$2.280B
YoY Change	187.09%
SHAREHOLDERS EQUITY
Retained Earnings	$9.032M	$7.667M	$0.00
YoY Change
Common Stock	$1.315M	$1.314M	$0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$900.7M	$904.2M	$877.4M
YoY Change
Total Liabilities & Shareholders Equity	$3.122B	$3.162B	$3.157B
YoY Change	-0.79%

Cashflow Statement

Concept	2024 Q1	2023 Q4	2023 Q3
OPERATING ACTIVITIES
Net Income	$5.965M	$12.27M	$93.97M
YoY Change	-91.52%	-63.35%	120.59%
Depreciation, Depletion And Amortization	$35.21M	$35.36M	$34.80M
YoY Change	-47.83%	4.35%	3.28%
Cash From Operating Activities	$76.04M	$51.51M	$113.1M
YoY Change	10.52%	545.99%	43.86%
INVESTING ACTIVITIES
Capital Expenditures	$12.88M	$16.95M	$25.27M
YoY Change	-60.14%		13.83%
Acquisitions
YoY Change
Other Investing Activities	$0.00	$0.00	$52.12M
YoY Change	-100.0%		12931.0%
Cash From Investing Activities	-$12.88M	-$16.95M	$26.85M
YoY Change	-40.66%	31.02%	-222.62%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net		$8.750M
YoY Change
Cash From Financing Activities	-81.52M	-$21.65M	-117.8M
YoY Change	34.07%	837.42%	112.96%
NET CHANGE
Cash From Operating Activities	76.04M	$51.51M	113.1M
Cash From Investing Activities	-12.88M	-$16.95M	26.85M
Cash From Financing Activities	-81.52M	-$21.65M	-117.8M
Net Change In Cash	-18.35M	$12.81M	22.16M
YoY Change	33.98%	-285.25%	1483.0%
FREE CASH FLOW
Cash From Operating Activities	$76.04M	$51.51M	$113.1M
Capital Expenditures	$12.88M	$16.95M	$25.27M
Free Cash Flow	$63.16M	$34.56M	$87.81M
YoY Change	73.04%		55.69%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2023Q4	us-gaap	Derivative Gain Loss Statement Of Income Or Comprehensive Income Extensible Enumeration DerivativeGainLossStatementOfIncomeOrComprehensiveIncomeExtensibleEnumeration	http://fasb.org/us-gaap/2023#CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization
CY2022Q4	us-gaap	Derivative Gain Loss Statement Of Income Or Comprehensive Income Extensible Enumeration DerivativeGainLossStatementOfIncomeOrComprehensiveIncomeExtensibleEnumeration	http://fasb.org/us-gaap/2023#CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization
CY2023Q4	us-gaap	Cost Of Goods And Service Excluding Depreciation Depletion And Amortization CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization	502381000	usd
CY2022Q4	us-gaap	Cost Of Goods And Service Excluding Depreciation Depletion And Amortization CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization	496113000	usd
CY2023Q4	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	35362000	usd
CY2022Q4	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	33887000	usd
CY2023Q4	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	132582000	usd
CY2022Q4	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	126323000	usd
CY2023Q4	us-gaap	Operating Costs And Expenses OperatingCostsAndExpenses	670325000	usd
CY2022Q4	us-gaap	Operating Costs And Expenses OperatingCostsAndExpenses	656323000	usd
CY2023Q4	us-gaap	Operating Income Loss OperatingIncomeLoss	47598000	usd
CY2022Q4	us-gaap	Operating Income Loss OperatingIncomeLoss	44373000	usd
CY2023Q4	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-30775000	usd
CY2022Q4	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	190000	usd
CY2023Q4	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	16823000	usd
CY2022Q4	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	44563000	usd
CY2023Q4	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	4557000	usd
CY2022Q4	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	11095000	usd
CY2023Q4	us-gaap	Net Income Loss NetIncomeLoss	12266000	usd
CY2022Q4	us-gaap	Net Income Loss NetIncomeLoss	33468000	usd
CY2023Q4	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.09
CY2022Q4	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.26
CY2023Q4	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.09
CY2022Q4	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.26
CY2023Q4	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	131390000	shares
CY2022Q4	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	130725000	shares
CY2023Q4	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	131735000	shares
CY2022Q4	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	130725000	shares
CY2023Q4	us-gaap	Net Income Loss NetIncomeLoss	12266000	usd
CY2022Q4	us-gaap	Net Income Loss NetIncomeLoss	33468000	usd
CY2023Q4	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent	6640000	usd
CY2022Q4	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent	5748000	usd
CY2023Q4	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	6640000	usd
CY2022Q4	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	5748000	usd
CY2023Q4	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	18906000	usd
CY2022Q4	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	39216000	usd
CY2023Q4	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	35362000	usd
CY2022Q4	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	33887000	usd
CY2023Q4	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-2576000	usd
CY2022Q4	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	196000	usd
CY2023Q4	us-gaap	Share Based Compensation ShareBasedCompensation	4716000	usd
CY2022Q4	us-gaap	Share Based Compensation ShareBasedCompensation	4496000	usd
CY2023Q4	us-gaap	Asset Impairment Charges AssetImpairmentCharges	0	usd
CY2022Q4	us-gaap	Asset Impairment Charges AssetImpairmentCharges	5120000	usd
CY2023Q4	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	9462000	usd
CY2022Q4	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	14937000	usd
CY2023Q4	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-25054000	usd
CY2022Q4	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	18336000	usd
CY2023Q4	vsts	Increase Decrease In Rental Merchandise In Service Net IncreaseDecreaseInRentalMerchandiseInServiceNet	118000	usd
CY2022Q4	vsts	Increase Decrease In Rental Merchandise In Service Net IncreaseDecreaseInRentalMerchandiseInServiceNet	3860000	usd
CY2023Q4	us-gaap	Increase Decrease In Other Current Assets IncreaseDecreaseInOtherCurrentAssets	8170000	usd
CY2022Q4	us-gaap	Increase Decrease In Other Current Assets IncreaseDecreaseInOtherCurrentAssets	-4226000	usd
CY2023Q4	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-4758000	usd
CY2022Q4	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	2001000	usd
CY2023Q4	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	9503000	usd
CY2022Q4	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	-35220000	usd
CY2023Q4	us-gaap	Increase Decrease In Other Noncurrent Liabilities IncreaseDecreaseInOtherNoncurrentLiabilities	-7350000	usd
CY2022Q4	us-gaap	Increase Decrease In Other Noncurrent Liabilities IncreaseDecreaseInOtherNoncurrentLiabilities	38000	usd
CY2023Q4	us-gaap	Increase Decrease In Other Noncurrent Assets IncreaseDecreaseInOtherNoncurrentAssets	3920000	usd
CY2022Q4	us-gaap	Increase Decrease In Other Noncurrent Assets IncreaseDecreaseInOtherNoncurrentAssets	3467000	usd
CY2023Q4	us-gaap	Other Operating Activities Cash Flow Statement OtherOperatingActivitiesCashFlowStatement	958000	usd
CY2022Q4	us-gaap	Other Operating Activities Cash Flow Statement OtherOperatingActivitiesCashFlowStatement	361000	usd
CY2023Q4	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	51505000	usd
CY2022Q4	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	7973000	usd
CY2023Q4	us-gaap	Payments To Acquire Productive Assets PaymentsToAcquireProductiveAssets	16949000	usd
CY2022Q4	us-gaap	Payments To Acquire Productive Assets PaymentsToAcquireProductiveAssets	13655000	usd
CY2023Q4	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	0	usd
CY2022Q4	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	719000	usd
CY2023Q4	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-16949000	usd
CY2022Q4	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-12936000	usd
CY2023Q4	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	8750000	usd
CY2022Q4	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	0	usd
CY2023Q4	us-gaap	Finance Lease Principal Payments FinanceLeasePrincipalPayments	7612000	usd
CY2022Q4	us-gaap	Finance Lease Principal Payments FinanceLeasePrincipalPayments	6889000	usd
CY2023Q4	vsts	Net Cash Distributions To From Parent NetCashDistributionsToFromParent	-3573000	usd
CY2022Q4	vsts	Net Cash Distributions To From Parent NetCashDistributionsToFromParent	4580000	usd
CY2023Q4	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	-1710000	usd
CY2022Q4	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	0	usd
CY2023Q4	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-21645000	usd
CY2022Q4	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-2309000	usd
CY2023Q4	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	-105000	usd
CY2022Q4	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	359000	usd
CY2023Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	12806000	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-6913000	usd
CY2023Q3	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	36051000	usd
CY2022Q3	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	23736000	usd
CY2023Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	48857000	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	16823000	usd
CY2023Q3	us-gaap	Stockholders Equity StockholdersEquity	877360000	usd
CY2023Q4	vsts	Stockholders Equity Separation Transaction Adjustments StockholdersEquitySeparationTransactionAdjustments	9485000	usd
CY2023Q4	us-gaap	Stockholders Equity Note Spinoff Transaction StockholdersEquityNoteSpinoffTransaction	0	usd
CY2023Q4	us-gaap	Net Income Loss NetIncomeLoss	12266000	usd
CY2023Q4	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.035
CY2023Q4	us-gaap	Dividends Dividends	4599000	usd
CY2023Q4	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	6640000	usd
CY2023Q4	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	4716000	usd
CY2023Q4	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	73000	usd
CY2023Q4	us-gaap	Adjustments Related To Tax Withholding For Share Based Compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation	1783000	usd
CY2023Q4	us-gaap	Stockholders Equity StockholdersEquity	904158000	usd
CY2022Q3	us-gaap	Stockholders Equity StockholdersEquity	2335812000	usd
CY2022Q4	us-gaap	Net Income Loss NetIncomeLoss	33468000	usd
CY2022Q4	vsts	Net Parent Investment Net Transfers To Parent NetParentInvestmentNetTransfersToParent	-9077000	usd
CY2022Q4	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	5748000	usd
CY2023Q3	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2023Q4	vsts	Stockholders Equity Separation Transaction Adjustments StockholdersEquitySeparationTransactionAdjustments	9500000	usd
CY2023Q4	vsts	Deferred Income Taxes And Unrecognized Tax Benefits Adjustments DeferredIncomeTaxesAndUnrecognizedTaxBenefitsAdjustments	13300000	usd
CY2023Q4	vsts	Net Cash Distributions To From Parent NetCashDistributionsToFromParent	-3600000	usd
CY2023Q4	us-gaap	Use Of Estimates UseOfEstimates	<div style="margin-top:10pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-top:10pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts in the Consolidated and Combined Financial Statements and accompanying notes. The Company utilizes key estimates in preparing the financial statements including environmental estimates, goodwill, intangibles, insurance reserves, income taxes and long-lived assets. These estimates are based on historical information, current trends and information available from other sources. Actual results could materially differ from those estimates.</span></div>
CY2023Q3	us-gaap	Inventory Valuation Reserves InventoryValuationReserves	18700000	usd
CY2023Q4	us-gaap	Inventory Valuation Reserves InventoryValuationReserves	18700000	usd
CY2023Q4	us-gaap	Inventory Raw Materials Net Of Reserves InventoryRawMaterialsNetOfReserves	29351000	usd
CY2023Q3	us-gaap	Inventory Raw Materials Net Of Reserves InventoryRawMaterialsNetOfReserves	35332000	usd
CY2023Q4	us-gaap	Inventory Work In Process Net Of Reserves InventoryWorkInProcessNetOfReserves	1296000	usd
CY2023Q3	us-gaap	Inventory Work In Process Net Of Reserves InventoryWorkInProcessNetOfReserves	1104000	usd
CY2023Q4	us-gaap	Inventory Finished Goods Net Of Reserves InventoryFinishedGoodsNetOfReserves	119282000	usd
CY2023Q3	us-gaap	Inventory Finished Goods Net Of Reserves InventoryFinishedGoodsNetOfReserves	138283000	usd
CY2023Q4	us-gaap	Inventory Net InventoryNet	149929000	usd
CY2023Q3	us-gaap	Inventory Net InventoryNet	174719000	usd
CY2023Q4	vsts	Amortization Of Rental Merchandise In Service AmortizationOfRentalMerchandiseInService	80800000	usd
CY2022Q4	vsts	Amortization Of Rental Merchandise In Service AmortizationOfRentalMerchandiseInService	77700000	usd
CY2023Q4	us-gaap	Interest Paid InterestPaid	29400000	usd
CY2022Q4	us-gaap	Interest Paid InterestPaid	0	usd
CY2023Q4	us-gaap	Severance Costs1 SeveranceCosts1	400000	usd
CY2022Q4	us-gaap	Severance Costs1 SeveranceCosts1	0	usd
CY2023Q3	us-gaap	Goodwill Goodwill	963543000	usd
CY2023Q4	us-gaap	Goodwill Foreign Currency Translation Gain Loss GoodwillForeignCurrencyTranslationGainLoss	1708000	usd
CY2023Q4	us-gaap	Goodwill Goodwill	965251000	usd
CY2023Q2	us-gaap	Intangible Assets Gross Excluding Goodwill IntangibleAssetsGrossExcludingGoodwill	400893000	usd
CY2023Q2	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	168314000	usd
CY2023Q2	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	232579000	usd
CY2022Q3	us-gaap	Intangible Assets Gross Excluding Goodwill IntangibleAssetsGrossExcludingGoodwill	400381000	usd
CY2022Q3	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	161773000	usd
CY2022Q3	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	238608000	usd
CY2023Q4	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	6500000	usd
CY2022Q4	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	6500000	usd
CY2023Q4	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	1491250000	usd
CY2023Q3	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	1500000000	usd
CY2023Q4	us-gaap	Deferred Finance Costs Net DeferredFinanceCostsNet	10197000	usd
CY2023Q3	us-gaap	Deferred Finance Costs Net DeferredFinanceCostsNet	11057000	usd
CY2023Q4	us-gaap	Long Term Debt Current LongTermDebtCurrent	26250000	usd
CY2023Q3	us-gaap	Long Term Debt Current LongTermDebtCurrent	26250000	usd
CY2023Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	1454803000	usd
CY2023Q3	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	1462693000	usd
CY2023Q4	us-gaap	Letters Of Credit Outstanding Amount LettersOfCreditOutstandingAmount	5300000	usd
CY2023Q4	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	717923000	usd
CY2022Q4	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	700696000	usd
CY2023Q4	us-gaap	Capitalized Contract Cost Amortization Period CapitalizedContractCostAmortizationPeriod	P9Y
CY2023Q4	us-gaap	Capitalized Contract Cost Net CapitalizedContractCostNet	105500000	usd
CY2023Q3	us-gaap	Capitalized Contract Cost Net CapitalizedContractCostNet	104400000	usd
CY2023Q4	us-gaap	Capitalized Contract Cost Amortization CapitalizedContractCostAmortization	5200000	usd
CY2022Q4	us-gaap	Capitalized Contract Cost Amortization CapitalizedContractCostAmortization	4900000	usd
CY2023Q4	us-gaap	Operating Lease Cost OperatingLeaseCost	10371000	usd
CY2022Q4	us-gaap	Operating Lease Cost OperatingLeaseCost	10434000	usd
CY2023Q4	vsts	Finance Lease Cost FinanceLeaseCost	8829000	usd
CY2022Q4	vsts	Finance Lease Cost FinanceLeaseCost	8591000	usd
CY2023Q4	us-gaap	Operating Lease Payments OperatingLeasePayments	5984000	usd
CY2022Q4	us-gaap	Operating Lease Payments OperatingLeasePayments	6039000	usd
CY2023Q4	us-gaap	Finance Lease Interest Payment On Liability FinanceLeaseInterestPaymentOnLiability	1358000	usd
CY2022Q4	us-gaap	Finance Lease Interest Payment On Liability FinanceLeaseInterestPaymentOnLiability	965000	usd
CY2023Q4	us-gaap	Finance Lease Principal Payments FinanceLeasePrincipalPayments	7612000	usd
CY2022Q4	us-gaap	Finance Lease Principal Payments FinanceLeasePrincipalPayments	6889000	usd
CY2023Q4	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	4596000	usd
CY2022Q4	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	2930000	usd
CY2023Q4	us-gaap	Right Of Use Asset Obtained In Exchange For Finance Lease Liability RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability	10275000	usd
CY2022Q4	us-gaap	Right Of Use Asset Obtained In Exchange For Finance Lease Liability RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability	8862000	usd
CY2023Q4	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P4Y8M12D
CY2022Q3	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P4Y8M12D
CY2023Q4	us-gaap	Finance Lease Weighted Average Remaining Lease Term1 FinanceLeaseWeightedAverageRemainingLeaseTerm1	P5Y8M12D
CY2022Q3	us-gaap	Finance Lease Weighted Average Remaining Lease Term1 FinanceLeaseWeightedAverageRemainingLeaseTerm1	P5Y8M12D
CY2023Q4	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.045
CY2022Q3	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.044
CY2023Q4	us-gaap	Finance Lease Weighted Average Discount Rate Percent FinanceLeaseWeightedAverageDiscountRatePercent	0.044
CY2022Q3	us-gaap	Finance Lease Weighted Average Discount Rate Percent FinanceLeaseWeightedAverageDiscountRatePercent	0.043
CY2023Q4	us-gaap	Lessee Operating Lease Liability Payments Remainder Of Fiscal Year LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear	17101000	usd
CY2023Q4	us-gaap	Finance Lease Liability Payments Remainder Of Fiscal Year FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear	25545000	usd
CY2023Q4	vsts	Lessee Liability To Be Paid Remainder Of Fiscal Year LesseeLiabilityToBePaidRemainderOfFiscalYear	42646000	usd
CY2023Q4	us-gaap	Lessee Operating Lease Liability Payments Due Next Twelve Months LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths	18375000	usd
CY2023Q4	us-gaap	Finance Lease Liability Payments Due Next Twelve Months FinanceLeaseLiabilityPaymentsDueNextTwelveMonths	31369000	usd
CY2023Q4	vsts	Lessee Liability To Be Paid Year One LesseeLiabilityToBePaidYearOne	49744000	usd
CY2023Q4	us-gaap	Lessee Operating Lease Liability Payments Due Year Two LesseeOperatingLeaseLiabilityPaymentsDueYearTwo	12704000	usd
CY2023Q4	us-gaap	Finance Lease Liability Payments Due Year Two FinanceLeaseLiabilityPaymentsDueYearTwo	26958000	usd
CY2023Q4	vsts	Lessee Liability To Be Paid Year Two LesseeLiabilityToBePaidYearTwo	39662000	usd
CY2023Q4	us-gaap	Lessee Operating Lease Liability Payments Due Year Three LesseeOperatingLeaseLiabilityPaymentsDueYearThree	9052000	usd
CY2023Q4	us-gaap	Finance Lease Liability Payments Due Year Three FinanceLeaseLiabilityPaymentsDueYearThree	22582000	usd
CY2023Q4	vsts	Lessee Liability To Be Paid Year Three LesseeLiabilityToBePaidYearThree	31634000	usd
CY2023Q4	us-gaap	Lessee Operating Lease Liability Payments Due Year Four LesseeOperatingLeaseLiabilityPaymentsDueYearFour	6336000	usd
CY2023Q4	us-gaap	Finance Lease Liability Payments Due Year Four FinanceLeaseLiabilityPaymentsDueYearFour	18405000	usd
CY2023Q4	vsts	Lessee Liability To Be Paid Year Four LesseeLiabilityToBePaidYearFour	24741000	usd
CY2023Q4	vsts	Lessee Operating Lease Liability To Be Paid After Year Four LesseeOperatingLeaseLiabilityToBePaidAfterYearFour	9624000	usd
CY2023Q4	vsts	Finance Lease Liability To Be Paid After Year Four FinanceLeaseLiabilityToBePaidAfterYearFour	28680000	usd
CY2023Q4	vsts	Lease Liability To Be Paid After Year Four LeaseLiabilityToBePaidAfterYearFour	38304000	usd
CY2023Q4	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	73192000	usd
CY2023Q4	us-gaap	Finance Lease Liability Payments Due FinanceLeaseLiabilityPaymentsDue	153539000	usd
CY2023Q4	vsts	Lessee Liability To Be Paid Due LesseeLiabilityToBePaidDue	226731000	usd
CY2023Q4	us-gaap	Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	7666000	usd
CY2023Q4	us-gaap	Finance Lease Liability Undiscounted Excess Amount FinanceLeaseLiabilityUndiscountedExcessAmount	17713000	usd
CY2023Q4	vsts	Lessee Liability To Be Paid Undiscounted Excess Amount LesseeLiabilityToBePaidUndiscountedExcessAmount	25379000	usd
CY2023Q4	us-gaap	Operating Lease Liability OperatingLeaseLiability	65526000	usd
CY2023Q4	us-gaap	Finance Lease Liability FinanceLeaseLiability	135826000	usd
CY2023Q4	vsts	Operating And Finance Lease Liability OperatingAndFinanceLeaseLiability	201352000	usd
CY2023Q4	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	4716000	usd
CY2022Q4	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	3469000	usd
CY2023Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross	1765000	shares
CY2023Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue	6.53
CY2023Q4	vsts	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Grants In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsGrantsInPeriod	2835000	shares
CY2023Q4	us-gaap	Accrued Environmental Loss Contingencies Current AccruedEnvironmentalLossContingenciesCurrent	6600000	usd
CY2023Q3	us-gaap	Accrued Environmental Loss Contingencies Current AccruedEnvironmentalLossContingenciesCurrent	6800000	usd
CY2023Q4	us-gaap	Accrued Environmental Loss Contingencies Noncurrent AccruedEnvironmentalLossContingenciesNoncurrent	17200000	usd
CY2023Q3	us-gaap	Accrued Environmental Loss Contingencies Noncurrent AccruedEnvironmentalLossContingenciesNoncurrent	17300000	usd
CY2023Q4	us-gaap	Asset Retirement Obligations Noncurrent AssetRetirementObligationsNoncurrent	12500000	usd
CY2023Q3	us-gaap	Asset Retirement Obligations Noncurrent AssetRetirementObligationsNoncurrent	12300000	usd
CY2023Q4	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	717923000	usd
CY2022Q4	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	700696000	usd
CY2023Q4	us-gaap	Operating Income Loss OperatingIncomeLoss	47598000	usd
CY2022Q4	us-gaap	Operating Income Loss OperatingIncomeLoss	44373000	usd
CY2023Q4	us-gaap	Operating Income Loss OperatingIncomeLoss	47598000	usd
CY2022Q4	us-gaap	Operating Income Loss OperatingIncomeLoss	44373000	usd
CY2023Q4	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-30775000	usd
CY2022Q4	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	190000	usd
CY2023Q4	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	16823000	usd
CY2022Q4	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	44563000	usd
CY2023Q3	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	131200000	shares
CY2023Q4	us-gaap	Net Income Loss NetIncomeLoss	12266000	usd
CY2022Q4	us-gaap	Net Income Loss NetIncomeLoss	33468000	usd
CY2023Q4	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	131390000	shares
CY2022Q4	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	130725000	shares
CY2023Q4	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	345000	shares
CY2022Q4	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	0	shares
CY2023Q4	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	131735000	shares
CY2022Q4	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	130725000	shares
CY2023Q4	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.09
CY2022Q4	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.26
CY2023Q4	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.09
CY2022Q4	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.26
CY2023Q4	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	2027000	shares
CY2022Q4	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	0	shares
CY2023Q4	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.271
CY2022Q4	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.249
CY2023Q4	vsts	Deferred Tax Liabilities Increase Decrease Net DeferredTaxLiabilitiesIncreaseDecreaseNet	-9100000	usd
CY2023Q4	us-gaap	Unrecognized Tax Benefits That Would Impact Effective Tax Rate UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate	200000	usd
CY2023Q3	us-gaap	Unrecognized Tax Benefits That Would Impact Effective Tax Rate UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate	4400000	usd
CY2023Q4	us-gaap	Unrecognized Tax Benefits Period Increase Decrease UnrecognizedTaxBenefitsPeriodIncreaseDecrease	-4200000	usd
CY2023Q4	us-gaap	Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued	100000	usd
CY2023Q4	us-gaap	Oci Before Reclassifications Net Of Tax Attributable To Parent OciBeforeReclassificationsNetOfTaxAttributableToParent	6640000	usd
CY2022Q4	us-gaap	Oci Before Reclassifications Net Of Tax Attributable To Parent OciBeforeReclassificationsNetOfTaxAttributableToParent	5748000	usd
CY2023Q4	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.035
CY2023Q4	us-gaap	Dividends Payable Current DividendsPayableCurrent	4600000	usd

Files In Submission

Name	View Source	Status
0001967649-24-000012-index-headers.html	Edgar Link	pending
0001967649-24-000012-index.html	Edgar Link	pending
0001967649-24-000012.txt	Edgar Link	pending
0001967649-24-000012-xbrl.zip	Edgar Link	pending
ceo10-q302certification.htm	Edgar Link	pending
ceoandcfo906certification.htm	Edgar Link	pending
cfo10-q302certification.htm	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
image_0.jpg	Edgar Link	pending
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report.css	Edgar Link	pending
Show.js	Edgar Link	pending
vsts-20231229.htm	Edgar Link	pending
vsts-20231229.xsd	Edgar Link	pending
vsts-20231229_g1.jpg	Edgar Link	pending
vsts-20231229_def.xml	Edgar Link	unprocessable
vsts-20231229_lab.xml	Edgar Link	unprocessable
vsts-20231229_htm.xml	Edgar Link	completed
FilingSummary.xml	Edgar Link	unprocessable
vsts-20231229_cal.xml	Edgar Link	unprocessable
vsts-20231229_pre.xml	Edgar Link	unprocessable

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$VSTS
Vestis Corp Stock $vsts

2024 Q1 Form 10-Q Financial Statement

#000196764924000012 Filed on February 09, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$VSTS Vestis Corp Stock $vsts

2024 Q1 Form 10-Q Financial Statement

#000196764924000012 Filed on February 09, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$VSTS
Vestis Corp Stock $vsts