Vestis Corp
For the period ended Mar 28, 2025. Filed May 7, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 28, 2025 · Filed May 7, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Changes in Equity
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (UNAUDITED)
| Common Stock | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Shares Outstanding · Par Value · Additional Paid-In Capital · (Accumulated Deficit) Retained Earnings · Net ParentInvestment · AccumulatedOtherComprehensiveLoss · Total Parent’s Equity | |||||||||
| Balance, September 27, 2024 | 131,482 | $1,315 | $928,082 | $2,565 | $— | $(28,911) | $903,051 | ||
| Net Income | — | — | — | 832 | — | — | 832 | ||
| Dividends Declared ($0.035 per common share) | — | — | — | (4,610) | — | — | (4,610) | ||
| Other Comprehensive Loss (1) | — | — | — | — | — | (3,157) | (3,157) | ||
| Share-based compensation expense | — | — | 5,180 | — | — | — | 5,180 | ||
| Issuance of common stock upon exercise of stock options or awards of restricted stock units | 219 | 2 | — | — | — | — | 2 | ||
| Tax payments related to shares withheld for share based compensation plans | — | — | (1,708) | — | — | — | (1,708) | ||
| Balance, December 27, 2024 | 131,701 | $1,317 | $931,554 | $(1,213) | $— | $(32,068) | $899,590 | ||
| Separation-related adjustments | — | $— | $— | $— | $— | $— | |||
| Net Loss | — | — | — | (27,830) | — | — | (27,830) | ||
| Dividends Declared ($0.035 per common share) | — | — | — | (4,611) | — | — | (4,611) | ||
| Other Comprehensive Income | — | — | — | — | — | 1,238 | 1,238 | ||
| Share-based compensation expense | — | — | 7,977 | — | — | — | 7,977 | ||
| Issuance of common stock upon exercise of stock options or awards of restricted stock units | 80 | 1 | (1) | — | — | — | — | ||
| Tax payments related to shares withheld for share based compensation plans | — | — | (90) | — | — | — | (90) | ||
| Balance, March 28, 2025 | 131,781 | $1,318 | $939,440 | $(33,654) | $— | $(30,830) | $876,274 | ||
(1) Includes $9.5 million of cumulative currency translation adjustment that was derecognized as a result of the Company's sale of its equity method investment during the six months ended March 28, 2025.
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (UNAUDITED)
| Common Stock | |||||||
|---|---|---|---|---|---|---|---|
| Shares Outstanding | Par Value | Additional Paid-In Capital | Retained Earnings | Net ParentInvestment | AccumulatedOtherComprehensiveLoss | Total Parent’s Equity | |
| Balance, September 29, 2023 | — | $— | $— | $— | $908,533 | $(31,173) | $877,360 |
| Separation-related adjustments | — | — | — | — | 9,485 | — | 9,485 |
| Issuance of common stock in connection with the Separation and reclassification of net parent investment(2) | 131,225 | 1,312 | 916,706 | — | (918,018) | — | — |
| Net Income | — | — | — | 12,266 | — | — | 12,266 |
| Dividends Declared ($0.035 per common share) | — | — | — | (4,599) | — | — | (4,599) |
| Other Comprehensive Income | — | — | — | — | — | 6,640 | 6,640 |
| Share-based compensation expense | — | — | 4,716 | — | — | — | 4,716 |
| Issuance of common stock upon exercise of stock options or awards of restricted stock units | 212 | 2 | 71 | — | — | — | 73 |
| Tax payments related to shares withheld for share based compensation plans | — | — | (1,783) | — | — | — | (1,783) |
| Balance, December 29, 2023 | 131,437 | $1,314 | $919,710 | $7,667 | $— | $(24,533) | $904,158 |
| Separation-related adjustments | — | — | — | — | (3,079) | — | (3,079) |
| Issuance of common stock in connection with the Separation and reclassification of net parent investment | — | — | (3,079) | — | 3,079 | — | — |
| Net Income | — | — | — | 5,965 | — | — | 5,965 |
| Dividends Declared ($0.035 per common share) | — | — | — | (4,600) | — | — | (4,600) |
| Other Comprehensive Loss | — | — | — | — | — | (6,449) | (6,449) |
| Share-based compensation expense | — | — | 4,731 | — | — | — | 4,731 |
| Issuance of common stock upon exercise of stock options or awards of restricted stock units | 14 | 1 | 84 | — | — | — | 85 |
| Tax payments related to shares withheld for share based compensation plans | — | — | (100) | — | — | — | (100) |
| Balance, March 29, 2024 | 131,451 | 1,315 | 921,346 | 9,032 | — | (30,982) | 900,711 |
(2) The issuance of common stock in connection with the Separation consists of 130.7 million shares of common stock distributed and 0.5 million shares contributed to an Aramark donor advised fund for charitable contributions.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.