STOCK TITAN

Vince Holding (Nasdaq: VNCE) lifts Q1 2026 sales and raises full-year outlook

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Vince Holding Corp. reported stronger first-quarter 2026 results, with net sales rising 10.5% to $64.0 million, driven by 15.6% growth in direct-to-consumer and 5.9% growth in wholesale. Gross margin improved to 50.6% of sales and the operating loss narrowed.

The company posted a net loss of $2.1 million, or $(0.16) per share, versus a $4.8 million loss a year earlier, and Adjusted EBITDA improved to $(1.1) million from $(3.0) million. Management raised full-year 2026 guidance, now expecting net sales to grow 7–8% and Adjusted EBITDA margin of 5.5–6.0%, with second-quarter sales projected to increase 10–12%.

Positive

  • Revenue growth and mix strength: Q1 2026 net sales rose 10.5% to $64.0M, with direct-to-consumer up 15.6% and wholesale up 5.9%, indicating broad-based demand.
  • Improving profitability metrics: Net loss narrowed to $2.1M from $4.8M, Adjusted EBITDA improved to $(1.1)M from $(3.0)M, and gross margin increased to 50.6%.
  • Raised full-year outlook: The company now expects 2026 net sales growth of 7–8% and Adjusted EBITDA margin of 5.5–6.0%, signaling increased confidence in its trajectory.

Negative

  • Still operating at a loss: Despite improvement, Q1 2026 loss from operations was $2.6M and Adjusted EBITDA remained negative at $(1.1)M.
  • Leverage and limited cash: Total borrowings were $29.1M, while cash and cash equivalents were only $0.8M at quarter end, leaving execution and liquidity as key focus areas.

Insights

Vince shows accelerating top-line growth, better margins and higher 2026 guidance, but remains loss-making.

Vince Holding Corp. delivered a 10.5% revenue increase to $64.0M in Q1 2026, with balanced growth from wholesale and direct-to-consumer. Gross margin ticked up to 50.6%, helped by higher pricing and lower discounting, despite headwinds from higher tariffs.

Operating performance improved meaningfully: loss from operations shrank to $2.6M from $4.4M, net loss narrowed to $2.1M, and Adjusted EBITDA improved to $(1.1)M from $(3.0)M. Segment operating income excluding unallocated corporate expenses rose to $12.0M, showing underlying brand strength.

Management raised its outlook, now targeting full-year 2026 net sales growth of 7–8%, adjusted operating margin of 4–4.5%, and Adjusted EBITDA margin of 5.5–6.0%, with Q2 sales expected up 10–12%. Debt totaled $29.1M with modest cash of $0.8M, so continued execution toward positive EBITDA and improved cash generation will be important alongside tariff and demand trends described in the risk discussion.

Item 2.02 Results of Operations and Financial Condition Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Net sales Q1 2026 $64.0M Total company net sales, up 10.5% vs Q1 2025
Gross margin Q1 2026 50.6% Gross profit as a percentage of net sales
Net loss Q1 2026 $2.1M Net loss vs $4.8M in Q1 2025
Adjusted EBITDA Q1 2026 $(1.1)M Adjusted EBITDA vs $(3.0)M in prior-year quarter
Debt outstanding $29.1M Total borrowings under debt agreements at Q1 2026 end
Cash and cash equivalents $0.8M Cash balance at end of Q1 2026
FY 2026 net sales guidance 7–8% growth Expected net sales increase vs prior year
Q2 2026 net sales guidance 10–12% growth Expected year-over-year net sales increase
Adjusted EBITDA financial
"Adjusted EBITDA* was $(1.1) million compared to $(3.0) million in the same period last year."
Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.
non-GAAP financial measures financial
"Adjusted results presented in this press release are non-GAAP financial measures."
Non-GAAP financial measures are numbers companies use to show their financial performance that exclude certain expenses or income. They help investors see how the company might perform without one-time costs or other unusual items, giving a different perspective from official reports. However, since they can be adjusted, they don’t always tell the full story and should be looked at alongside standard financial figures.
equity method investment financial
"Equity in net income of equity method investment | | | 679 | | | | 491 |"
An equity method investment is an accounting way to report ownership in another company when an investor has significant influence (commonly around 20–50% of voting rights). Instead of listing the other company’s full assets and debts, the investor records its share of that company’s profits or losses on its own income statement—like keeping track of your share of a neighborhood bakery’s monthly earnings. Investors care because those shared profits, losses and changes in the investee’s value directly affect the investor’s reported earnings and balance sheet, so this method can materially change a company’s financial picture and valuation.
International Emergency Economic Powers Act regulatory
"Following the Supreme Court’s decision striking down certain tariffs imposed under the International Emergency Economic Powers Act, (“IEEPA”),"
A U.S. law that gives the president broad authority to control trade, financial transactions, and assets during a declared national emergency, such as by imposing sanctions, freezing property, or restricting exports and imports. For investors it matters because those powers can suddenly block deals, cut off access to markets or funds, and change the value of companies or securities much like an emergency brake that can stop or reroute economic activity overnight.
Section 122 of the Trade Act of 1974 regulatory
"the Company’s outlook assumes a 10 percent rate for applicable inventory receipts under Section 122 of the Trade Act of 1974."
forward-looking statements regulatory
"Forward-Looking Statements: This document, and any statements incorporated by reference herein contain forward-looking statements under the Private Securities Litigation Reform Act of 1995."
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
Net sales $64.0M +10.5% vs Q1 2025
Gross margin 50.6% vs 50.3% in Q1 2025
Net loss $2.1M vs $4.8M net loss in Q1 2025
Adjusted EBITDA $(1.1)M vs $(3.0)M in Q1 2025
Guidance

For Q2 2026, Vince expects net sales growth of 10–12%, adjusted operating income margin of 6.5–7.0%, and Adjusted EBITDA margin of 8.0–8.5%. For fiscal 2026, it guides to 7–8% net sales growth, 4–4.5% adjusted operating margin, and 5.5–6.0% Adjusted EBITDA margin.

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0001579157false00015791572026-06-162026-06-16

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): June 16, 2026

 

 

Vince Holding Corp.

(Exact name of Registrant as Specified in Its Charter)

 

 

Delaware

001-36212

75-3264870

(State or Other Jurisdiction
of Incorporation)

(Commission File Number)

(IRS Employer
Identification No.)

 

 

 

 

 

500 5th Avenue

20th Floor

 

New York, New York

 

10110

(Address of Principal Executive Offices)

 

(Zip Code)

 

Registrant’s Telephone Number, Including Area Code: 323 421-5980

 

 

(Former Name or Former Address, if Changed Since Last Report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:


Title of each class

 

Trading
Symbol(s)

 


Name of each exchange on which registered

Common Stock, $0.01 par value per share

 

VNCE

 

The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 


Item 2.02 Results of Operations and Financial Condition.

On June 16, 2026, Vince Holding Corp. (the "Company") announced its financial results for its first fiscal quarter ended May 2, 2026. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

 

The information, including Exhibit 99.1 hereto, which the registrant furnished in this report, is not deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section. Registration statements or other documents filed with the Securities and Exchange Commission shall not incorporate this information by reference, except as otherwise expressly stated in such filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

 

Exhibit No.

 

Description of Exhibit

99.1

 

Press Release of the Company, dated June 16, 2026.

104

 

Cover Page Interactive Data File (embedded within the Inline XBRL document).

 


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

 

VINCE HOLDING CORP.

 

 

 

 

Date:

June 16, 2026

By:

/s/ Brendan Hoffman

 

 

 

Brendan Hoffman
Chief Executive Officer

 


Exhibit 99.1

VINCE HOLDING CORP. REPORTS FIRST QUARTER 2026 RESULTS

Net Sales Increased 10.5% to $64.0 Million vs. 1Q25

Raises Full Year Fiscal 2026 Guidance

NEW YORK, New York – June 16, 2026 – Vince Holding Corp. (Nasdaq: VNCE) ("VNCE" or the "Company"), a global retail platform, today reported its financial results for the first quarter ended May 2, 2026.

Brendan Hoffman, Chief Executive Officer of VNCE said, “We delivered strong first quarter results that demonstrate the powerful momentum we’ve built is not only sustained but accelerating. Net sales grew 10.5%, with direct-to-consumer up 15.6% and wholesale increasing 5.9% demonstrating strength across our entire business. Our strategic investments in customer experience are paying off, fueling double-digit growth in both new and reactivated customers and supporting healthy full-price selling."

Mr. Hoffman continued, "We’re executing with discipline and precision across our business. The strength we’ve established has carried into the second quarter, reinforcing my confidence in our trajectory. With our strategic foundation firmly in place and a talented team driving product and execution, we are raising our full year guidance and remain focused on driving sustained profitable growth and creating long-term shareholder value."

In this press release, the Company is presenting its financial results in conformity with U.S. generally accepted accounting principles ("GAAP") as well as on an "adjusted" basis. Adjusted results presented in this press release are non-GAAP financial measures. See "Non-GAAP Financial Measures" below for more information about the Company's use of non-GAAP financial measures.

For the first quarter ended May 2, 2026:

Total Company net sales increased 10.5% to $64.0 million compared to $57.9 million in the first quarter of fiscal 2025. The year-over-year increase was driven by a 15.6% increase in the direct-to-consumer segment and a 5.9% increase in the wholesale segment.
Gross profit was $32.4 million, or 50.6% of net sales, compared to gross profit of $29.2 million, or 50.3% of net sales, in the first quarter of fiscal 2025. The increase in gross margin rate was primarily driven by approximately 130 basis points due to the favorable impact from higher pricing and 100 basis points due to the favorable impact of lower discounting, largely offset by the unfavorable impact of higher tariffs.
Selling, general, and administrative expenses were $35.0 million, or 54.7% of sales, compared to $33.6 million, or 58.0% of sales, in the first quarter of fiscal 2025. The increase in SG&A dollars was primarily driven by higher benefit costs as well as marketing and advertising costs.
Loss from operations was $2.6 million compared to loss from operations of $4.4 million in the same period last year.
Income tax benefit was $0.4 million compared to an income tax expense of $0 in the same period last year. The benefit is due to the impact of applying the Company's estimated annual effective tax rate to the year-to-date ordinary pre-tax loss.
Net loss was $2.1 million or $(0.16) per share compared to net loss of $4.8 million or $(0.37) per share in the same period last year.
Adjusted EBITDA* was $(1.1) million compared to $(3.0) million in the same period last year.
The Company ended the quarter with 54 company-operated Vince stores, a net decrease of 4 stores since the first quarter of fiscal 2025.

 

 

 

 

First Quarter Review

Net sales increased 10.5% to $64.0 million as compared to the first quarter of fiscal 2025.
Wholesale segment sales increased 5.9% to $32.1 million compared to the first quarter of fiscal 2025.
Direct-to-consumer segment sales increased 15.6% to $32.0 million compared to the first quarter of fiscal 2025.
Income from operations excluding unallocated corporate expenses was $12.0 million compared to income from operations of $8.6 million in the same period last year.

Net Sales and Operating Results by Segment:

 

 

Three Months Ended

 

 

 

May 2,

 

 

May 3,

 

(in thousands)

 

2026

 

 

2025

 

Net Sales:

 

 

 

 

 

 

Vince Wholesale

 

$

32,066

 

 

$

30,290

 

Vince Direct-to-consumer

 

 

31,969

 

 

 

27,643

 

Total net sales

 

$

64,035

 

 

$

57,933

 

 

 

 

 

 

 

 

Income (loss) from operations:

 

 

 

 

 

 

Vince Wholesale

 

$

10,134

 

 

$

9,397

 

Vince Direct-to-consumer

 

 

1,847

 

 

 

(800

)

Total segment income from operations

 

 

11,981

 

 

 

8,597

 

Unallocated corporate (1)

 

 

(14,628

)

 

 

(13,035

)

Total loss from operations

 

$

(2,647

)

 

$

(4,438

)

 

(1) Unallocated corporate expenses are related to the Vince brand and are comprised of selling, general and administrative expenses attributable to corporate and administrative activities (such as marketing, design, finance, information technology, legal and human resource departments), and other charges that are not directly attributable to the Company's Vince Wholesale and Vince Direct-to-consumer reportable segments.

 

 

Balance Sheet

At the end of the first quarter of fiscal 2026, total borrowings under the Company's debt agreements totaled $29.1 million and the Company had $31.2 million of excess availability under its revolving credit facility.

Net inventory at the end of the first quarter of fiscal 2026 was $70.8 million compared to $62.3 million at the end of the first quarter of fiscal 2025. The year-over-year increase in inventory includes approximately $4.5 million of higher inventory carrying value due to tariffs.

During the quarter ended May 2, 2026, the Company did not make any offerings or sales of shares of common stock under the Virtu At-the-Market Offering. At May 2, 2026, $0.9 million was available under the Virtu At-the-Market Offering.

 

 


 

Outlook

For the second quarter of fiscal 2026 the Company expects the following:

• Net sales to increase approximately 10% to 12% compared to the prior year period.

• Adjusted operating income as a percentage of net sales to be approximately 6.5% to 7.0%.

• Adjusted EBITDA as a percentage of net sales to be approximately 8.0% to 8.5%.

For fiscal 2026 the Company expects the following:

• Net sales to increase approximately 7% to 8% compared to the prior year.

• Adjusted operating income as a percentage of net sales to be approximately 4% to 4.5%.

• Adjusted EBITDA as a percentage of net sales to be approximately 5.5% to 6.0%.

Following the Supreme Court’s decision striking down certain tariffs imposed under the International Emergency Economic Powers Act, (“IEEPA”), the Company’s outlook assumes a 10 percent rate for applicable inventory receipts under Section 122 of the Trade Act of 1974. The Company’s outlook does not consider potential tariff refunds resulting from the Supreme Court’s decision on the IEEPA tariffs.

*Non-GAAP Financial Measures

In addition to reporting financial results in accordance with GAAP, the Company has provided, with respect to the financial results relating to the three months ended May 2, 2026 and May 3, 2025, adjusted EBITDA, which is a non-GAAP measure. Adjusted EBITDA is calculated as earnings before interest, taxes, depreciation and amortization, share-based compensation, and capitalized cloud computing amortization.

The Company believes that the presentation of these non-GAAP measures facilitates an understanding of the Company's continuing operations without the impact associated with the aforementioned items. While these types of events can and do recur periodically, they are excluded from the indicated financial information due to their impact on the comparability of earnings across periods. Non-GAAP financial measures should not be considered in isolation from, or as a substitute for, financial information prepared in accordance with GAAP. A reconciliation of GAAP to non-GAAP results has been provided in Exhibit 3 to this press release.

Conference Call

A conference call to discuss the first quarter results will be held today, June 16, 2026, at 8:30 a.m. ET, hosted by Vince Holding Corp. Chief Executive Officer, Brendan Hoffman, and Chief Financial Officer, Yuji Okumura. During the conference call, the Company may make comments concerning business and financial developments, trends and other business or financial matters. The Company's comments, as well as other matters discussed during the conference call, may contain or constitute information that has not been previously disclosed.

Those who wish to participate in the call may do so by dialing (833) 461-5787, conference ID 639507707. Any interested party will also have the opportunity to access the call via the Internet at http://investors.vince.com/. To listen to the live call, please go to the website at least 15 minutes early to register and download any necessary audio software. For those who cannot listen to the live broadcast, a recording will be available for 12 months after the date of the event. Recordings may be accessed at http://investors.vince.com.


 

ABOUT VINCE HOLDING CORP.

Vince Holding Corp. is a global retail platform that operates the Vince brand women's and men's ready-to-wear business. Vince, established in 2002, is a leading global luxury apparel and accessories brand best known for creating elevated yet understated pieces for everyday effortless style. Vince Holding Corp. operates 41 full-price retail stores, 12 outlet stores, and its e-commerce site, as well as through premium wholesale channels globally. Please visit www.vince.com for more information.

 

Forward-Looking Statements: This document, and any statements incorporated by reference herein contain forward-looking statements under the Private Securities Litigation Reform Act of 1995. Forward-looking statements include the statements under “Outlook” above as well as statements regarding, among other things, our current expectations about possible or assumed future results of operations of the Company and are indicated by words or phrases such as "may," "will," "should," "believe," "expect," "seek," "anticipate," "intend," "estimate," "plan," "target," "project," "forecast," "envision" and other similar phrases. Although we believe the assumptions and expectations reflected in these forward-looking statements are reasonable, these assumptions and expectations may not prove to be correct and we may not achieve the results or benefits anticipated. These forward-looking statements are not guarantees of actual results, and our actual results may differ materially from those suggested in the forward-looking statements. These forward-looking statements involve a number of risks and uncertainties, some of which are beyond our control, including, without limitation: changes to and unpredictability in the trade policies and tariffs imposed by the U.S. and the governments of other nations; general economic conditions; our ability to maintain adequate cash flow from operations or availability under our revolving credit facility to meet our liquidity needs; restrictions on our operations under our credit facilities; our ability to improve our profitability; our ability to maintain our larger wholesale partners; our ability to accurately forecast customer demand for our products; our ability to maintain the license agreement relating to the Vince brand with ABG Vince; ABG Vince's expansion of the Vince brand into other categories and territories; ABG Vince's approval rights and other actions; our ability to realize the benefits of our strategic initiatives; our ability to make lease payments when due; our ability to open retail stores under favorable lease terms and operate and maintain new and existing retail stores successfully; our operating experience and brand recognition in international markets; our ability to remediate the identified material weakness in our internal control over financial reporting; our ability to comply with domestic and international laws, regulations and orders; increased scrutiny regarding our approach to sustainability matters and environmental, social and governance practices; competition in the apparel and fashion industry; our ability to attract and retain key personnel; seasonal and quarterly variations in our revenue and income; the protection and enforcement of intellectual property rights relating to the Vince brand; the extent of our foreign sourcing; our reliance on independent manufacturers; our ability to ensure the proper operation of the distribution facilities by third-party logistics providers; fluctuations in the price, availability and quality of raw materials; the ethical business and compliance practices of our independent manufacturers; our ability to mitigate system or data security issues, such as cyber or malware attacks, as well as other major system failures; our ability to adopt, optimize and improve our information technology systems, processes and functions; our ability to comply with privacy-related obligations; our status as a "controlled company"; our status as a "smaller reporting company"; and other factors as set forth from time to time in our Securities and Exchange Commission filings, including those described under "Item 1A—Risk Factors" in our Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. We intend these forward-looking statements to speak only as of the time of this release and do not undertake to update or revise them as more information becomes available, except as required by law.

 

Investor Relations Contact:

ICR, Inc.
Caitlin Churchill, 646-277-1274

Caitlin.Churchill@icrinc.com

 


 

Vince Holding Corp. and Subsidiaries

 

 

 

 

Exhibit (1)

 

Condensed Consolidated Statements of Operations

 

 

 

 

(Unaudited, amounts in thousands except percentages, share and per share data)

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

 

May 2,

 

 

May 3,

 

 

 

2026

 

 

2025

 

Net Sales

 

$

64,035

 

 

$

57,933

 

Cost of products sold

 

 

31,643

 

 

 

28,770

 

Gross profit

 

 

32,392

 

 

 

29,163

 

as a % of net sales

 

 

50.6

%

 

 

50.3

%

Selling, general and administrative expenses

 

 

35,039

 

 

 

33,601

 

as a % of net sales

 

 

54.7

%

 

 

58.0

%

Loss from operations

 

 

(2,647

)

 

 

(4,438

)

as a % of net sales

 

 

(4.1

)%

 

 

(7.7

)%

Interest expense, net

 

 

644

 

 

 

856

 

Other (income)

 

 

(103

)

 

 

 

Loss before income taxes and equity in net income of equity method investment

 

 

(3,188

)

 

 

(5,294

)

Benefit for income taxes

 

 

(408

)

 

 

 

Loss before equity in net income of equity method investment

 

 

(2,780

)

 

 

(5,294

)

Equity in net income of equity method investment

 

 

679

 

 

 

491

 

Net loss

 

$

(2,101

)

 

$

(4,803

)

Loss per share:

 

 

 

 

 

 

Basic loss per share

 

$

(0.16

)

 

$

(0.37

)

Diluted loss per share

 

$

(0.16

)

 

$

(0.37

)

Weighted average shares outstanding:

 

 

 

 

 

 

Basic

 

 

12,846,848

 

 

 

12,820,338

 

Diluted

 

 

12,846,848

 

 

 

12,820,338

 

 


 

Vince Holding Corp. and Subsidiaries

 

 

 

 

 

 

 

Exhibit (2)

 

Condensed Consolidated Balance Sheets

 

 

 

 

 

 

 

 

 

(Unaudited, amounts in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

May 2,

 

 

January 31,

 

 

May 3,

 

 

 

2026

 

 

2026

 

 

2025

 

ASSETS

 

 

 

 

 

 

 

 

 

Current assets:

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

 

$

762

 

 

$

498

 

 

$

2,588

 

Trade receivables, net

 

 

18,533

 

 

 

30,482

 

 

 

23,009

 

Inventories, net

 

 

70,808

 

 

 

66,240

 

 

 

62,260

 

Prepaid expenses and other current assets

 

 

6,775

 

 

 

3,770

 

 

 

7,598

 

Total current assets

 

 

96,878

 

 

 

100,990

 

 

 

95,455

 

Property and equipment, net

 

 

7,575

 

 

 

7,939

 

 

 

8,096

 

Operating lease right-of-use assets

 

 

90,755

 

 

 

90,874

 

 

 

88,011

 

Equity method investment

 

 

20,732

 

 

 

21,451

 

 

 

22,179

 

Other assets

 

 

3,852

 

 

 

3,787

 

 

 

4,216

 

Total assets

 

$

219,792

 

 

$

225,041

 

 

$

217,957

 

 

 

 

 

 

 

 

 

 

 

LIABILITIES AND STOCKHOLDERS' EQUITY

 

 

 

 

 

 

 

 

 

Current liabilities:

 

 

 

 

 

 

 

 

 

Accounts payable

 

$

26,470

 

 

$

25,921

 

 

$

27,407

 

Accrued salaries and employee benefits

 

 

4,727

 

 

 

10,811

 

 

 

9,309

 

Other accrued expenses

 

 

9,644

 

 

 

14,800

 

 

 

9,429

 

Short-term lease liabilities

 

 

14,733

 

 

 

16,391

 

 

 

14,592

 

Total current liabilities

 

 

55,574

 

 

 

67,923

 

 

 

60,737

 

Long-term debt

 

 

29,127

 

 

 

19,462

 

 

 

34,749

 

Long-term lease liabilities

 

 

85,913

 

 

 

86,535

 

 

 

84,211

 

Deferred income tax liability and other liabilities

 

 

1,021

 

 

 

1,021

 

 

 

1,093

 

Stockholders' equity

 

 

48,157

 

 

 

50,100

 

 

 

37,167

 

Total liabilities and stockholders' equity

 

$

219,792

 

 

$

225,041

 

 

$

217,957

 

 

 

 

 

 


 

Vince Holding Corp. and Subsidiaries

 

 

 

 

Exhibit (3)

 

Reconciliation of Net Income to Adjusted EBITDA

 

(Unaudited, amounts in thousands)

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

 

May 2,

 

 

May 3,

 

 

 

2026

 

 

2025

 

Net loss

 

$

(2,101

)

 

$

(4,803

)

Interest expense, net

 

 

644

 

 

 

856

 

Benefit for income taxes

 

 

(408

)

 

 

 

Depreciation and amortization

 

 

616

 

 

 

761

 

Share-based compensation

 

 

91

 

 

 

146

 

Capitalized cloud computing amortization

 

 

25

 

 

 

12

 

Adjusted EBITDA

 

$

(1,133

)

 

$

(3,028

)

 


FAQ

How did Vince Holding Corp. (VNCE) perform in Q1 2026?

Vince grew net sales 10.5% to $64.0 million in Q1 2026. Gross margin improved to 50.6%, and the net loss narrowed to $2.1 million from $4.8 million a year earlier, reflecting better operational performance despite remaining unprofitable.

What were Vince Holding Corp. (VNCE) segment results for Q1 2026?

Wholesale sales reached $32.1 million and direct-to-consumer $32.0 million. Wholesale grew 5.9% year over year, while direct-to-consumer increased 15.6%. Total segment income from operations rose to $12.0 million from $8.6 million in the prior-year quarter.

Did Vince Holding Corp. (VNCE) improve profitability in Q1 2026?

Yes, profitability metrics improved versus last year. Loss from operations narrowed to $2.6 million from $4.4 million, net loss declined to $2.1 million from $4.8 million, and Adjusted EBITDA improved to $(1.1) million from $(3.0) million.

What guidance did Vince Holding Corp. (VNCE) provide for Q2 2026?

For Q2 2026, Vince expects net sales to grow 10–12% year over year. The company also projects adjusted operating income of about 6.5–7.0% of net sales and Adjusted EBITDA margin of approximately 8.0–8.5% for the quarter.

What is Vince Holding Corp. (VNCE) full-year fiscal 2026 outlook?

For fiscal 2026, Vince expects net sales to increase 7–8%. Management guides to adjusted operating income margin of roughly 4–4.5% and Adjusted EBITDA margin of about 5.5–6.0%, assuming a 10% tariff rate on applicable inventory receipts.

What is Vince Holding Corp. (VNCE) balance sheet position after Q1 2026?

At Q1 2026 quarter end, total borrowings were $29.1 million. The company held $0.8 million in cash and cash equivalents, had $70.8 million of net inventory, and reported stockholders’ equity of $48.2 million on total assets of $219.8 million.

How does Vince Holding Corp. (VNCE) define Adjusted EBITDA in its results?

Vince’s Adjusted EBITDA excludes several items from net loss. It is calculated as earnings before interest, taxes, depreciation and amortization, share-based compensation, and capitalized cloud computing amortization, presented as a non-GAAP measure alongside GAAP results.

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