Vince Holding Corp. Reports Second Quarter 2020 Results
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Vince Holding (VNCE) Misses Q2 EPS by 28c, Revenues Miss
September 14, 2020 4:06 PM EDTVince Holding (NYSE: VNCE) reported Q2 EPS of ($1.28), $0.28 worse than the analyst estimate of ($1.00). Revenue for the quarter came in at $37 million versus the consensus estimate of $41.5 million.
Highlights for the second quarter ended August 1, 2020:
Net sales decreased 59.9% to $37.0 million as compared to $92.2 million in the same period last year.Gross margin rate was 36.0% compared to 47.0% in the same period last year.Loss from operations was $14.0 million compared to an operating loss of $18.4 million in the same period last year. Excluding non-cash asset impairment charges, income from operations in the... More