Sam (Last Name Not Transcribed)'s questions to Vestis Corp (VSTS) leadership • Q1 2025
Question
An analyst from William Blair, Sam, asked for more details on the health of the national account pipeline and an update on the progress of merchandise reuse initiatives.
Answer
CEO Kimberly Scott expressed strong confidence in the national account pipeline, highlighting growth from penetrating existing customers, targeting new multi-location accounts, and strength in the healthcare vertical. She described the merchandise reuse initiative as a successful ground-level effort across all locations that improves efficiency, lowers amortization, and reduces cash needs for new inventory.