Vince's Q3 sales drop over low in-season reorders [Yahoo! Finance]
Vince Holding Corp. (VNCE)
Last vince holding corp. earnings: 4/28 07:30 am
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US:NYSE Investor Relations:
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Source: Yahoo! Finance
model as part of its ongoing transformation, noted Dave Stefko, Vince Holding interim chief executive officer, in the earnings call. Although Q3 revenue slightly missed expectations, Vince Holding achieved profitability results within the previously provided guidance range, with the positive outcome primarily driven by an increase in gross margins. Despite the drop in sales, the company's gross profit increased to $40.05m, or 50% of net sales, up from 44.2% in the same quarter last year. This improvement in gross margin rate was attributed to lower product costing and freight costs, as well as reduced promotional activity and discounting. Vince Holding Q3 highlights Operating income of Vince saw an increase, rising to $5.76m from $2.82m year-over-year. Net income for the quarter stood at $4.34m, or $0.34 per diluted share, a significant increase from $983m, or $0.08 per share, reported in the third quarter of fiscal 2023. The company's selling, general, and administrative
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VNCE
Earnings
- 12/10/24 - Miss
VNCE
Sec Filings
- 12/12/24 - Form 10-Q
- 12/10/24 - Form 8-K
- 10/4/24 - Form EFFECT
- VNCE's page on the SEC website