Vestis Corporation has revised its fiscal 2024 revenue growth outlook downwards to between (1)% and 0%, from a previous range of 4%-4.5%. The company also adjusted its EBITDA margin expectations to 12%-12.4%, down from 14.3%. These changes are part of Vestis's efforts to enhance cost efficiency, optimize logistics and merchandise, and restructure organizationally for accelerated growth. Despite these adjustments, Vestis remains optimistic about its free cash flow, expecting a conversion ratio to net income of 100% or more, with a focus on disciplined capital allocation and deleveraging.