Vince Holding (VNCE) Reports Q2 Loss of $0.33/Share

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Go back to Vince Holding (VNCE) Reports Q2 Loss of $0.33/Share

Vince Holding Corp. Reports Second Quarter 2018 Results

September 13, 2018 7:31 AM EDT

NEW YORK--(BUSINESS WIRE)-- Vince Holding Corp. (NYSE: VNCE), a leading global luxury apparel and accessories brand (Vince or the Company), today reported unaudited results for the second quarter of fiscal year 2018 ended August 4, 2018.

Highlights for the second quarter ended August 4, 2018:

Net sales increased 3.8% to $63.1 million Direct-to-Consumer sales increased 17.2%; comparable sales grew 14.4% Gross margin rate increased 190 basis points to 43.9% $6.5 million improvement in operating loss to $2.4 million Net loss was $3.8 million or $0.33 per share compared to a... More