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Vince Holding Corp (VNCE) delivers contemporary luxury through its minimalist California-inspired designs and premium wholesale/retail channels. This news hub provides investors and industry professionals with essential updates on the company's financial performance, strategic initiatives, and market position.
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Our curated news collection features official press releases, regulatory filings, and verified market analysis. Stay informed about the company's direct-to-consumer growth strategies, Rebecca Taylor brand developments, and sustainability initiatives within luxury fashion.
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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.
Vince Holding Corp. reported Q4 Fiscal 2023 Total Company Net Sales of $75.3 million, with a 580 basis points increase in Gross Margin and a 390 basis points improvement in Operating Margin compared to Q4 Fiscal 2022. The company completed the wind down of the Rebecca Taylor business, entered into a strategic partnership with Authentic Brands Group, refinanced credit facilities, and launched a cost savings plan to boost gross margin and align expenses. Despite a 17.5% decrease in net sales, Vince saw an increase in gross margin rate driven by lower promotional activity and the wind down of Rebecca Taylor. Operating losses decreased, while net loss was $4.7 million. For Fiscal Year 2024, total net sales decreased 18.1% to $292.9 million, with improved gross margin driven by the wind down of Rebecca Taylor. Income from operations rose to $31.6 million, with net income of $25.4 million. The Transformation Program is expected to result in over $30 million in savings over three years. Total company net sales are expected to decline in Q1 2024, impacted by royalty fees, but to increase in the full year fiscal 2024.
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