Vince Hldg Corp Stock Price, News & Analysis

Vince Holding Corp. (NYSE:VNCE), a global contemporary retailer, announced that the New York Stock Exchange (NYSE) has accepted its business plan to maintain its listing status. This follows a notice received on May 6, 2025, when VNCE was found non-compliant with NYSE's listing standards due to its 30-trading day average market capitalization and stockholders' equity both falling below $50 million.

The company will remain listed on the NYSE, subject to quarterly reviews over the next 18 months to monitor progress toward the approved plan's objectives.

Vince Holding Corp. (NYSE:VNCE), a global contemporary retailer, has announced its participation in an upcoming virtual fireside chat. The event will feature CEO Brendan Hoffman and CFO Yuji Okumura in a discussion hosted by Eric Beder from Small Cap Consumer Research.

The fireside chat is scheduled for Thursday, July 10, 2025, at 12:00 p.m. Eastern Time. Investors can access the live webcast through the company's investor relations website, with an archive available after the event.

Vince Holding Corp (VNCE) reported Q1 2025 results with net sales of $57.9M, down 2.1% YoY. The company posted a net loss of $4.8M or $(0.37) per share, compared to net income of $4.4M in Q1 2024. Gross profit was $29.2M (50.3% margin), while operating loss was $4.4M. The wholesale segment remained flat at $30.3M, while direct-to-consumer sales declined 4.4% to $27.6M. The company ended Q1 with 58 stores, down 4 from last year. For Q2 2025, VNCE expects flat to -3% net sales growth and operating income margin of -1% to 1%. The company is actively managing tariff impacts through supply chain diversification and vendor negotiations. Total borrowings were $34.7M with $20.4M available under revolving credit.

Vince Holding Corp. (NYSE: VNCE), a global contemporary retailer, has scheduled its first quarter 2025 financial results announcement for Tuesday, June 17, 2025. The company will release its results before the market opens and host a conference call at 8:30 a.m. ET on the same day. During the call, management will discuss financial results and may address questions about business developments, trends, and other matters. Interested participants can join by dialing 833-470-1428 with conference ID 598215. The call will also be accessible via webcast at investors.vince.com, with a recording available for 12 months afterward.

Vince Holding Corp. (NYSE: VNCE) has received a notice from the NYSE on May 6, 2025, regarding non-compliance with continued listing standards. The company's 30-trading day average market capitalization of $22.6 million falls below the required $50 million threshold. Additionally, VNCE's stockholders' equity of $41.8 million (as of February 1, 2025) is also below the $50 million requirement.

VNCE must submit a business plan within 45 days demonstrating compliance with NYSE standards. The NYSE's Listing Operations Committee will either accept the plan, subjecting VNCE to quarterly monitoring, or reject it, leading to potential suspension and delisting. The company's stock will continue trading during this period, and its SEC reporting requirements remain unchanged.

Vince Holding Corp (NYSE: VNCE) reported its Q4 and FY2024 results. In Q4, total net sales increased 6.2% to $80.0 million, driven by strength in wholesale but offset by softness in direct-to-consumer. Q4 gross profit improved to $40.1 million (50.1% margin), up from $34.2 million (45.4% margin) year-over-year. However, the company recorded a Q4 net loss of $28.3 million, largely due to a $32.0 million goodwill impairment charge. For FY2024, total sales slightly increased 0.2% to $293.5 million. Gross profit rose to $145.2 million (49.5% margin) from $133.3 million (45.5% margin). The company reported a full-year net loss of $19.0 million. The company ended Q4 with 57 stores, down 6 from the previous year, and had $39.8 million available under its revolving credit facility.

Vince Holding Corp. (NYSE: VNCE) has appointed Yuji Okumura as Chief Financial Officer, effective April 14, 2025. Okumura, who has been serving as interim CFO since March 2025 and Controller since September 2020, brings nearly two decades of accounting and financial reporting experience to the role.

Prior to joining VNCE as Director of Financial Reporting in 2018, Okumura spent over 11 years at KPMG US in public accounting. The company also announced plans to report its fourth quarter and fiscal year 2024 financial results before market opening on May 2, 2025, followed by a conference call at 8:30 a.m. ET.

Vince Holding Corp. (NYSE: VNCE) announced a significant leadership change with CFO John Szczepanski stepping down effective March 28, 2025. Yuji Okumura, current VP Controller, will assume the role of Interim CFO.

Okumura brings nearly two decades of accounting experience, including serving as VP Controller since 2020 and previously working at KPMG US for over 11 years. The company reaffirmed its Q4 and full-year fiscal 2024 guidance as disclosed on December 10, 2024.

Following the previously announced P180 Transaction, where P180 Inc. acquired majority ownership, VNCE is conducting goodwill impairment analyses. The company warns of a potential non-cash impairment charge that could negatively impact financial results. Q4 and full-year fiscal 2024 results are expected by April 25, 2025.

Vince Holding Corp. (NYSE: VNCE) announced that P180 has acquired a majority stake from Sun Capital Partners. As part of the transaction, Brendan Hoffman is expected to become CEO effective February 3, 2025, replacing interim CEO David Stefko, who will remain on the board.

The deal includes significant debt reduction through multiple transactions: a $20 million pay-down of the Sun Debt Facility using $15 million from increased ABL Credit Facility borrowings, and P180's acquisition and cancellation of $7 million in loans. This reduces VNCE's subordinated debt by approximately $27 million, leaving $7.5 million outstanding.

Following the acquisition, P180 owns approximately 65% of VNCE's outstanding common stock, while Sun Capital retains about 2%. P180 has agreed to reimburse certain transaction-related fees and expenses, including legal fees and BofA consent fees.