Vince Holding Corp. Reports Third Quarter 2019 Results
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Vince Holding (VNCE) Tops Q3 EPS by 7c, Revenues Miss
December 12, 2019 4:06 PM ESTVince Holding (NYSE: VNCE) reported Q3 EPS of $0.73, $0.07 better than the analyst estimate of $0.66. Revenue for the quarter came in at $86.4 million versus the consensus estimate of $90.5 million.
Highlights for the third quarter ended November 2, 2019:
Net sales increased 3.4% to $86.4 million.Direct-to-Consumer comparable sales grew 9.5%.Gross margin rate increased 150 basis points to 50.4%.Income from operations was $9.1 million compared to $9.0 million in the same period last year. Excluding costs associated with the acquisition of Rebecca Taylor and Parker, adjusted income from operations was $9.8 million.Net income improved $1.2 million to... More