Vince Hldg Corp Stock Price, News & Analysis

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) 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.

Vince Holding Corp. (NYSE: VNCE) has announced its upcoming participation in the 27th Annual ICR Conference at Grande Lakes Orlando in Orlando, FL. The company's management will deliver a presentation on Tuesday, January 14, 2025, at 9:30 a.m. Eastern Time. Investors and interested parties can access the live webcast through the company's Investor Relations website at http://investors.vince.com/. An archived version of the presentation will be made available on the same platform following the event.

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.