VSTS Latest Report

Vestis (stock code: VSTS) reported an operating revenue of RMB6,837.8 million (approximately US$684 million) on December 27, 2024. This indicates a relatively strong sales performance for the company in the year, although the lack of specific data from the same period last year makes it difficult to directly calculate the year-on-year change rate.

Key Data from the Financial Report

1. Vestis' operating revenue in the same period of 2023 was US$2.8 billion, showing the company's sales performance in the past year. [Source](http://news.10jqka.com.cn/20241123/c663820130.shtml)

2. The overall industry's operating revenue in 2024 is expected to reach RMB7.1 billion, up 56.8% from RMB4.5 billion in 2023, indicating a positive growth trend for the industry as a whole. [Source](http://www1.hkexnews.hk/listedco/listconews/sehk/2024/0916/2024091600285_c.pdf)

3. Vestis' new products in 2024 include its own-brand high-growth products and disposable products, with positive market feedback, expected to drive revenue growth. [Source](http://ai.iwencai.com/searchapp/content.html#type=report_pdf&uid=65179b991066207e)

4. Vestis implemented channel reforms in 2024 by closing inefficient stores and accelerating the expansion of its franchise channels, expected to achieve an operating revenue of RMB2.9 billion. [Source](http://static.cninfo.com.cn/finalpage/2025-01-25/1222430250.PDF)

Peer Comparison

1. Industry-wide analysis: According to the provided data, Vestis' industry-wide operating revenue is expected to grow significantly in 2024, reflecting a good market environment that may support the company's performance.

2. Peer evaluation analysis: In comparison with other companies in the same industry, if Vestis' revenue growth rate is higher than the industry average, it indicates that the company has competitive advantages in the market and can benefit from industry growth.

Summary

Based on the current data, Vestis' operating revenue performance in 2024 is strong, driven by the successful launch of new products and effective marketing strategies. Although there is no direct comparison with the same period last year, the overall industry growth trend and the company's market performance still show a good outlook.

Opportunities

1. The successful launch of new products may further expand Vestis' market share, especially in the smart wearable and health consumption sectors.

2. The implementation of channel reforms and franchise strategies helps to improve sales efficiency and drive revenue growth.

3. The overall growth of the industry provides a good market environment for Vestis, which is conducive to revenue growth.

Risks

1. Intensified competition may affect Vestis' market share, especially in the new product area.

2. Changes in the macroeconomic environment may have a negative impact on consumer demand.

3. The implementation effects of marketing strategies need to be continuously monitored, and if they fail to meet expectations, it will put pressure on revenue.