Vince Holding (VNCE) Reports Q2 Loss of $0.20 on Revenues of $60.8M
Vince Holding (NYSE: VNCE) reported Q2 EPS of ($0.20). Revenue for the quarter came in at $60.8 million.
Brendan Hoffman, Chief Executive Officer, commented, “We were pleased to see the stabilization in net sales during the second quarter, which showed significant sequential improvement versus our first quarter results. In our wholesale business, sales decreased slightly, due to a reduction in international sales. We also saw disruption in receipt flows for pre-Fall and Fall deliveries. In our direct-to-consumer segment, we saw sequential improvement in sales, with strong sales growth in our e-commerce business. In addition, we were very pleased with the positive sell through that we have seen for our Fall product thus far in our retail channel.”
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