Vince Hldg Corp Stock Price, News & Analysis

Vince Holding Corp. (NYSE: VNCE) reported a 47.5% increase in net sales for Q1 2021, totaling $57.5 million, driven primarily by a 76.3% surge in Vince brand sales. Gross margin improved to 44.3% from 41.0% year-over-year. The company posted a net loss of $11.6 million or $0.98 per share, a significant reduction from $48.2 million in the prior year. Sales for Rebecca Taylor and Parker declined by 33.6% due to paused product development. The company ended Q1 with 72 stores, a net increase of 3.

Vince Holding Corp. (NYSE: VNCE) plans to announce its first quarter 2021 financial results after the market closes on June 10, 2021. The company will host a conference call at 4:30 p.m. ET on the same day to discuss the results and address questions related to business and financial developments. This call will provide insights into undisclosed information about the company's performance. Interested parties can join via phone or stream the call online, with a recording available for 12 months post-event.

Vince Holding Corp. (VNCE) reported a 28.4% decrease in net sales to $74.8 million for the fourth quarter ended January 30, 2021, compared to the previous year. Vince brand sales fell 20.4% while Rebecca Taylor and Parker saw a steep 68.9% reduction. The gross margin rate declined to 36.9% from 44.2%. The company recorded a net loss of $5.7 million or $0.48 per share, down from a net income of $51.7 million in the same period last year. The overall fiscal year 2020 sales decreased 41.4% to $219.9 million.

Vince Holding Corp. (NYSE: VNCE) is set to release its fourth quarter and fiscal year 2020 financial results on April 29, 2021, after market close. The Company will hold a conference call at 4:30 p.m. ET to discuss these results and address inquiries regarding business developments and trends. Participants can join by calling 833-392-0629 or via their website. Vince operates three brands: Vince, Rebecca Taylor, and Parker, offering luxury apparel and accessories through various retail and e-commerce channels.

Vince Holding Corp. (NYSE: VNCE) has appointed Mr. Jack Schwefel as the new CEO effective March 29, 2021, succeeding David Stefko. Schwefel, formerly CEO of Cost Plus, Inc., brings extensive retail leadership experience, having also led Dutch Fashion and Sur La Table. His track record includes driving profitable growth and omni-channel strategies. Stefko remains with the company as CFO. Marc Leder, Chairman, expressed confidence in Schwefel's ability to enhance Vince's growth. Schwefel aims to leverage the potential of Vince and Rebecca Taylor brands for long-term shareholder value.

Vince Holding Corp. (NYSE: VNCE) will present at the 23rd Annual ICR Conference on January 11, 2021, at 4:30 PM ET, hosted by Interim CEO David Stefko. The presentation will be available via a live webcast through the company's investor relations page, with an archive accessible for 90 days afterward. Vince Holding Corp. encompasses three brands: Vince, Rebecca Taylor, and Parker, offering a range of luxury apparel and accessories through multiple retail channels and e-commerce platforms.

Vince Holding Corp. (VNCE) reported a 34.0% decrease in Q3 2020 net sales, totaling $69.0 million, down from $104.5 million in Q3 2019. Gross margin declined to 45.9% from 48.8%. Operating income decreased to $6.3 million, while net income fell to $5.0 million or $0.42 per diluted share, compared to $6.0 million or $0.50 per share last year. The company benefited from $4.2 million in rent concessions. Despite a challenging environment, Vince is optimistic about brand performance and market share recovery post-COVID-19. They reported excess liquidity of $42.3 million following a recent credit facility closure.

Vince Holding Corp. (NYSE: VNCE) announced the closure of a $20 million Third Lien Credit Facility, providing $42.3 million in added liquidity. The company's third-quarter net sales plummeted 34% to $69 million, with a gross margin of 45.9%. The earnings release, originally set for today, is rescheduled for December 21, 2020, followed by a conference call. Interim CEO David Stefko noted an improvement in direct-to-consumer sales, while managing expenses amid COVID-19 challenges. The company aims to leverage market share gains and a growth strategy for future recovery.

Vince Holding Corp. (NYSE:VNCE) announced that it will report its Q3 2020 financial results after market close on December 14, 2020. The company will conduct a conference call at 4:30 p.m. ET the same day to discuss these results and address questions regarding its business developments, trends, and financial matters. Interested participants can join by dialing 833-392-0629 or via the company's investor website. This event may include previously undisclosed information.