Vince Holding (VNCE) Reports Q1 EPS of $0.05; Comps Fell by More than Expected
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Vince Holding Corp. Reports First Quarter 2016 Results
June 7, 2016 7:30 AM EDTNEW YORK--(BUSINESS WIRE)-- Vince Holding Corp. (NYSE: VNCE), a leading contemporary fashion brand (Vince or the Company), today reported unaudited results for the first quarter of fiscal 2016 ended April 30, 2016.
For the first quarter ended April 30, 2016:
Net sales increased 13.0% to $67.6 million from $59.8 million in the first quarter of fiscal 2015. Wholesale segment sales increased 16.9% to $44.8 million and direct-to-consumer segment sales increased 6.1% to $22.9 million over the first quarter of fiscal 2015. Comparable sales decreased 12.3%, including e-commerce sales, which was in line with expectations, due to the planned reduction in promotional activity and... More