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Vince Holding (VNCE)
NYSE:VNCE
Holding VNCE?
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Earnings Data
Report Date
Apr 24, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.1Last Year’s EPS
-0.37Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Dec 13, 2018
|% Change Since: 78.95%
|Next Earnings Date:Sep 13, 2018
Earnings Call Sentiment|Neutral
The earnings call highlighted several positive developments, including improved profitability, successful e-commerce enhancements, and international expansion. However, these were countered by notable challenges such as a significant decline in net sales and increased operational costs due to royalty expenses. The overall sentiment is balanced with both positive strides and challenges.Company Guidance
During the Vince Holding Corp. Third Quarter Fiscal 2023 Earnings Call, the company reported a 14.7% decrease in net sales to $84.1 million compared to $98.6 million in the same quarter of the previous year. This decline was primarily attributed to the complete wind down of the Rebecca Taylor and Parker brands, which accounted for $8.9 million in sales during the third quarter of fiscal 2022. Despite these challenges, Vince brand sales only decreased by 6.2%, and the company achieved a 120 basis point operating margin expansion, driven by lower freight costs and promotional activities. Gross profit for the quarter was $37.2 million, representing a 44.2% gross margin, up from 30.2% in the prior year due to improved product margins and reduced expenses from the Rebecca Taylor wind-down. Additionally, the company reported $2.8 million in operating income, a significant improvement from the $9.4 million loss in the previous year. Vince also highlighted strategic initiatives, including a transformation program aimed at delivering over $30 million in cost savings over the next three years and an improved average order value (AOV) on its e-commerce site, which increased by 50% compared to the site average.Improved Profitability
Year-to-date, Vince Holding Corp. delivered improved profitability over the prior year period despite incurring incremental costs due to operating changes with their partnership with Authentic Brands Group.
Operating Margin Expansion
Vince delivered 120 basis points of operating margin expansion for the quarter, supported by lower freight expense and lower promotional activity.
Successful E-commerce Enhancements
The company's online gifting pages resulted in a 50% increase in average order value and double the conversion rate compared to the site average.
International Expansion
Vince celebrated the grand opening of its first freestanding store in China at Nanjing's Deji Plaza, with plans to open a Beijing location in spring 2024.
Transformation Program Savings
The transformation program is expected to deliver over $30 million in cost savings over the next 3 years through various operational efficiencies.
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VNCE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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VNCE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Dec 10, 2024 | $1.90 | $1.69 | -11.05% |
| Sep 16, 2024 | $2.34 | $2.07 | -11.54% |
| Jun 18, 2024 | $1.56 | $1.36 | -12.82% |
| Apr 30, 2024 | $2.10 | $1.99 | -5.24% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Vince Holding (VNCE) report earnings?
Vince Holding (VNCE) is schdueled to report earning on Apr 24, 2025, TBA Not Confirmed.
What is Vince Holding (VNCE) earnings time?
Vince Holding (VNCE) earnings time is at Apr 24, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is VNCE EPS forecast?
VNCE EPS forecast for the fiscal quarter 2024 (Q4) is -0.1.
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