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Stock impact report

Vince Holding records 6.8% net sales growth in Q2 FY24 [Yahoo! Finance]

Vince Holding Corp. (VNCE) 
Last vince holding corp. earnings: 4/28 07:30 am Check Earnings Report
US:NYSE Investor Relations: investors.vince.com
Company Research Source: Yahoo! Finance
the second quarter (Q2) of fiscal 2024 (FY24), up 6.8% compared to $69.4m in Q2 FY23. Sales in the retailer's wholesale segment increased by 29.6%, which more than offset the 18.1% fall in direct-to-consumer segment sales in the quarter. Vince Holding saw its net income drop to $0.56m in Q2 FY24, from the $29.51m recorded in the same quarter of the previous year. Its earnings per diluted share for the quarter were $0.05, compared with $2.36 per share in Q2 FY23. The retailer's income from operations was $1.13m in Q2 FY24, against $32.85m in the same quarter of the previous fiscal year. During the quarter ending 3 August 2024, the retailer posted a gross profit of $35.13m, up from $32.34m in Q2 FY23. The company's selling, general and administrative expenses were $34m in Q2 FY24, representing 45.8% of total sales, compared to $31.5m, or 45.4% of sales in Q2 FY23. Vince Holding interim chief executive officer David Stefko said: "We are pleased with our second quarter resul Show less Read more
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