Vince Holding (NYSE: VNCE) reported Q3 EPS of $0.53. Revenue for the quarter came in at $83.5 million

• Net sales increased 5.6% to $83.5 million
• Direct-to-Consumer sales increased 17.1%; comparable sales grew 14.1%
• Gross margin rate increased 250 basis points to 48.9%
• Operating income increased 68.9% to $9.0 million
• Net income was $6.8 million or $0.57 per diluted share compared to net income $3.5 million or $0.41 per diluted share

Brendan Hoffman, Chief Executive Officer, commented, “Our third quarter results reflect continued strength across several areas of our business. Operating income for the quarter increased by $3.7 million and for the year-to-date period, operating results improved by $13.9 million. For the third quarter, our retail segment delivered a 14.1% comp with continued momentum in our eCommerce business while in our wholesale segment, we saw continued strength in our department store doors with higher sell-through rates and further market share gains. During the third quarter, we opened two stores in premier locations and we recently signed a lease for a store in midtown Manhattan across from Rockefeller Center. Overall, with another quarter of great results under our belt, combined with our performance through the Black Friday weekend, we are raising the low end of our full year guidance and are more optimistic than ever about our ability to deliver profitable growth over the long term.”

GUIDANCE:

Vince Holding sees FY2018 revenue of $277-280 million.

For earnings history and earnings-related data on Vince Holding (VNCE) click here.