Vince Holding Corp. Reports Preliminary Fourth Quarter and Fiscal Year 2020 Results
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Vince Holding (VNCE) Misses Q4 EPS by 13c, Revenues Miss
April 29, 2021 4:52 PM EDTVince Holding (NYSE: VNCE) reported Q4 EPS of ($0.48), $0.13 worse than the analyst estimate of ($0.35). Revenue for the quarter came in at $74.8 million versus the consensus estimate of $77.7 million.
Preliminary highlights for the fourth quarter ended January 30, 2021:
Net sales decreased 28.4% to $74.8 million as compared to $104.4 million in the same period last year reflecting a 20.4% decrease in Vince brand sales and a 68.9% decrease in Rebecca Taylor and Parker.Gross margin rate was 36.9% compared to 44.2% in the same period last year.Loss from operations was $3.9 million compared to a loss from... More