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Stock impact report

Vince (VNCE) Q1 2025 Earnings Call Transcript [Globe and Mail, The (Toronto, Canada)]

Vince Holding Corp. (VNCE) 
Last vince holding corp. earnings: 4/28 07:30 am Check Earnings Report
US:NYSE Investor Relations: investors.vince.com
Chief Financial Officer — Yuji Okumura TAKEAWAYS Net Sales -- $57.9 million, down 2.1% compared to $59.2 million. Wholesale Segment Sales -- Flat versus prior year, indicating stability in the channel. Direct-to-Consumer (DTC) Segment Sales -- Declined 4.4%, primarily due to planned store activity (closures, remodels, relocations) and softer traffic trends. Gross Profit -- $29.2 million (50.3% of sales), slightly down from $29.9 million (50.6%). Gross Margin Rate Decline -- Driven by ~260 bps higher freight and duty costs, ~120 bps negative channel mix, and ~60 bps higher distribution/handling costs; partially offset by ~330 bps lower product cost/higher pricing and ~80 bps lower promotional activity. Selling, General, and Administrative (SG&A) Expenses -- $33.6 million (58% of sales), up from $31.9 million (54%), attributed to higher marketing spend, store relocations/remodels, increased legal, IT, and third-party costs. Operating Loss -- $4.4 million, compared to op Show less Read more
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