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Vince Holding Corp. (symbol: VNCE) is a renowned fashion brand that has been defining luxury through its minimalist aesthetic since its founding in 2002. Based in Los Angeles, Vince is celebrated for its luxe yarns and intricate detailing, creating a blend of California ease and understated refinement. The company offers a wide range of products, including women’s and men’s apparel, footwear, and handbags. Notable pieces feature lofty cashmere sweaters, soft cotton tees, modern functional outerwear, and relaxed Japanese denim.
Vince operates primarily through three segments: Vince Wholesale, Vince Direct-to-consumer, and the Rebecca Taylor and Parker segment. The Vince Wholesale segment is the primary revenue driver, supplying luxury essentials to various retailers. The Direct-to-consumer segment focuses on selling products directly through its e-commerce website and retail stores. The Rebecca Taylor and Parker segment offers additional fashion lines, contributing to the company’s diverse portfolio.
Vince Holding Corp. has achieved significant milestones recently, expanding its product lines and enhancing its market presence. The brand's commitment to quality and customer satisfaction has solidified its reputation in the luxury fashion industry. The company continues to innovate, with ongoing projects aimed at introducing new collections and enhancing the e-commerce experience.
With a strong financial foundation and strategic partnerships, Vince is well-positioned to maintain its growth trajectory. Investors and customers alike can expect continuous updates on the company's performance, events, and new developments, ensuring they are always informed about the latest from Vince Holding Corp.
Vince Holding Corp. (NYSE: VNCE) reported Q3 2024 financial results with net sales of $80.2 million, down 4.7% from $84.1 million in Q3 2023. The company achieved significant gross margin expansion of 580 basis points to 50.0%. Net income increased to $4.3 million ($0.34 per share) compared to $1.0 million ($0.08 per share) last year.
The decrease in revenue was attributed to an 8.3% decline in Vince brand direct-to-consumer sales and a 2.2% decrease in wholesale sales. The company maintains its full-year FY2024 outlook, expecting low-single-digit revenue decrease compared to FY2023's $292.9 million, with operating margin improvement of 25-50 basis points.
Vince Holding Corp. (NYSE: VNCE) has announced it will release its third quarter 2024 financial results before the market opens on Tuesday, December 10, 2024. The company will host a conference call at 8:30 a.m. ET on the same day to discuss the results. During the call, management may address questions about business developments, trends, and financial matters, including previously undisclosed information. Interested parties can participate by dialing 833-470-1428 (conference ID 402475) or accessing the call via the company's investor website. A recording will be available for 12 months afterward.
Vince Holding Corp. (NYSE: VNCE), a global contemporary retailer, has announced its participation in Noble Capital Markets' C-Suite Interview Series. The interview, which is presented by Channelchek, features Interim CEO David Stefko and CFO John Szczepanski in conversation with Noble Capital Markets Senior Research Analyst Michael Kupinski.
The interview was recorded on October 15, 2024, and is now available for viewing on Channelchek's platform. Additionally, investors and interested parties can access the interview through Vince Holding Corp.'s official website at http://investors.vince.com.
Vince Holding Corp. (NYSE: VNCE) reported Q2 2024 results with net sales of $74.2 million, up 6.8% year-over-year. The company saw a 7.0% increase in Vince brand sales, driven by a 29.6% increase in wholesale channel sales. However, direct-to-consumer sales declined 18.1%. Gross margin improved by 80 basis points to 47.4%. The company reported net income of $0.6 million or $0.05 per diluted share. VNCE updated its full-year FY2024 outlook, now expecting a low-single-digit decrease in total company net sales compared to FY2023's $292.9 million. The company also announced a $1 million stock repurchase program and is progressing with its Transformation Program, aimed at driving enhanced profitability.
Vince Holding Corp. (NYSE: VNCE), a global contemporary retailer, has announced its plans to report second quarter 2024 financial results after market close on Monday, September 16, 2024. The company will hold a conference call at 4:30 p.m. ET on the same day to discuss the results. During the call, Vince may address questions about business and financial developments, trends, and other matters, potentially disclosing previously unreleased information.
Interested parties can participate in the call by dialing 833-470-1428 with conference ID 726141. The call will also be accessible via the internet at http://investors.vince.com/. A recording of the call will be available for 12 months after the event at the same website.
Vince Holding Corp. (NYSE: VNCE), a global contemporary retailer, announced that Small Cap Consumer Research and Noble Capital Markets have initiated equity research coverage on the company. Both firms have rated VNCE positively, with Small Cap Consumer Research giving a Buy rating and a $3.00 price target, and Noble Capital Markets providing an Outperform rating, also with a $3.00 price target. These reports and additional market data are available on Channelchek.
Vince Holding Corp. (NYSE: VNCE) has announced its participation in the Noble Capital Markets’ Consumer, Communications, Media, and Technology Emerging Growth Equity Conference. The virtual event is scheduled for Wednesday, June 26, 2024, at 10:00 AM Eastern Time. Interested attendees can register for the live presentation at no cost. Additionally, a webcast of the presentation will be available on the company's website and archived for 90 days.
Vince Holding Corp. (NYSE: VNCE) reported Q1 2024 results with net sales of $59.2 million, a 7.6% decrease YoY.
Gross margin improved by 440 basis points to 50.6%. Despite lower sales, the company saw income from operations at $5.6 million, compared to a loss of $2.4 million last year.
Net income was $4.4 million or $0.35 per diluted share, up from a net loss of $0.4 million last year. Adjusted net loss was $3.3 million or $(0.26) per share.
VNCE reaffirmed its FY2024 outlook and continued its Transformation Plan aiming for over $30 million in savings over three years.
The company ended Q1 with 62 stores, down by 5 stores YoY. Total borrowings stood at $50.3 million with $25.9 million in credit availability.
Vince Holding Corp. (NYSE: VNCE), a global contemporary retailer, announced that it will release its first quarter 2024 financial results on June 18, 2024, before the market opens. A conference call to discuss these results will follow at 8:30 a.m. ET the same day. The call will address business and financial developments, trends, and other pertinent matters. Participants can join the call by dialing 833-470-1428 with the conference ID 420390, or access it online via the company's investor relations website. A recording of the call will be available for 12 months post-event on the same site.
Vince Holding Corp. (NYSE: VNCE) will be participating in a fireside chat at the Sidoti Micro Cap Conference on May 9, 2024. The presentation will be webcast live and available for 90 days online.
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