Vince Holding Corp. Reports Q1 2025 Financial Results

Vince Holding Corp ( (VNCE) ) has released its Q1 earnings. Here is a breakdown of the information Vince Holding Corp presented to its investors.

Vince Holding Corp., a global luxury apparel and accessories brand, operates in the retail sector, offering contemporary clothing through various channels including retail stores, outlets, and e-commerce. In the first quarter of 2025, Vince Holding Corp. reported net sales of $57.9 million, marking a 2.1% decrease from the previous year, attributed to store closures and remodels. Despite the challenging environment, the company managed to maintain a gross profit margin of 50.3%, although it faced increased costs in freight, duty, and distribution. Selling, general, and administrative expenses rose to $33.6 million, driven by higher marketing and operational costs, resulting in a net loss of $4.8 million for the quarter. The company’s wholesale segment saw a slight increase in sales, while the direct-to-consumer segment experienced a decline. Vince Holding Corp. ended the quarter with 58 company-operated stores, a reduction from the previous year. Looking ahead, Vince Holding Corp. anticipates flat to slightly declining sales in the second quarter of 2025, with operating income margins expected to range between -1% and 1%. The company remains focused on mitigating costs and enhancing customer experience amid ongoing market uncertainties.