Welcome to our dedicated page for Vince Hldg news (Ticker: VNCE), a resource for investors and traders seeking the latest updates and insights on Vince Hldg stock.
Vince Holding Corp. (VNCE) news coverage focuses on its role as a global retail company operating the Vince brand women's and men's ready to wear business. Company announcements describe Vince as a global luxury apparel and accessories brand known for elevated yet understated pieces for everyday effortless style, sold through a mix of direct-to-consumer and wholesale channels.
On this VNCE news page, readers can follow corporate updates such as quarterly and annual earnings releases, segment performance for Vince Wholesale and Vince Direct-to-consumer, and commentary from management on trends in net sales, gross margins, and operating income. Recent press releases have highlighted factors like tariff impacts, freight costs, product costing, pricing, discounting, and the balance between wholesale and direct-to-consumer growth.
News items also include disclosures about Vince Holding Corp.’s retail footprint, including the number of company-operated Vince stores, changes in store count, and initiatives such as store renovations, e-commerce site refreshes, marketing support, and the launch of drop-ship capabilities. Investors can review updates on the company’s exchange listing, including its voluntary transfer from the New York Stock Exchange to The Nasdaq Stock Market LLC under the symbol "VNCE" and related regulatory filings.
In addition, this page aggregates announcements about conference participation, investor presentations, and other Regulation FD communications referenced in Form 8-K filings. By reviewing the VNCE news feed, users can see how management describes the performance of the Vince brand, the impact of trade policies and tariffs, and the company’s use of non-GAAP measures such as adjusted EBITDA and adjusted net income in its public reporting.
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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