Vince Holdings reported net sales of $85.1m compared with $80.2m for the third quarter ending 1 November.
Operating income fell to $5.4m from $5.8m as SGA expenses increased, as did the cost of products sold.
Net income fell to $2.73m from $4.4m a year earlier.
Vince Holdings CEO Brendan Hoffman said,: “We are extremely proud of our third quarter performance, delivering healthy sales growth across all channels while exceeding expectations for both top and bottom line results. Our direct-to-consumer segment is showing broad-based strength, benefiting from enhancements we have made to the customer experience. This includes the store renovations from earlier this year, as well as an e-commerce site refresh, increased marketing support, and the launch of drop-ship capabilities expanding the breadth and depth of our assortment online in the third quarter. This momentum has continued into the fourth quarter with a record holiday sales weekend in direct-to-consumer.
“As we look ahead, I’m more confident than ever in our trajectory as we successfully balance disciplined execution with strategic reinvestment to position the Vince Holding Corp. platform for sustained long-term profitable growth.”
For the fourth quarter of fiscal 2025 the company expects the following:
-
Net sales to increase approximately 3% to 7% compared to the prior year period
-
Adjusted operating income as a percentage of net sales to be approximately 0% to 2%
-
Adjusted EBITDA as a percentage of net sales to be approximately 2% to 4%.
For fiscal 2025 the company expects the following:
-
Net sales to increase approximately 2% to 3% compared to the prior year
-
Adjusted operating income as a percentage of net sales to be approximately 2% to 3%
-
Adjusted EBITDA as a percentage of net sales to be approximately 4% to 5%.
The above guidance for the fourth quarter of fiscal 2025 assumes $4-5m in expected incremental tariff costs, of which it expects to continue to partially offset through its mitigation strategies.
“Cost surge hits Vince Holdings’ Q3 bottom line” was originally created and published by Just Style, a GlobalData owned brand.
The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
