Cost surge hits Vince Holdings’ Q3 bottom line
Vince Holdings reported net sales of $85.1m compared with $80.2m for the third quarter ending 1 November.
Operating income fell to $5.4m from $5.8m as SGA expenses increased, as did the cost of products sold.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Net income fell to $2.73m from $4.4m a year earlier.
Vince Holdings CEO Brendan Hoffman said,: “We are extremely proud of our third quarter performance, delivering healthy sales growth across all channels while exceeding expectations for both top and bottom line results. Our direct-to-consumer segment is showing broad-based strength, benefiting from enhancements we have made to the customer experience. This includes the store renovations from earlier this year, as well as an e-commerce site refresh, increased marketing support, and the launch of drop-ship capabilities expanding the breadth and depth of our assortment online in the third quarter. This momentum has continued into the fourth quarter with a record holiday sales weekend in direct-to-consumer.
“As we look ahead, I’m more confident than ever in our trajectory as we successfully balance disciplined execution with strategic reinvestment to position the Vince Holding Corp. platform for sustained long-term profitable growth.”
Vince Holdings outlook
For the fourth quarter of fiscal 2025 the company expects the following:
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData- Net sales to increase approximately 3% to 7% compared to the prior year period
- Adjusted operating income as a percentage of net sales to be approximately 0% to 2%
- Adjusted EBITDA as a percentage of net sales to be approximately 2% to 4%.
For fiscal 2025 the company expects the following:
- Net sales to increase approximately 2% to 3% compared to the prior year
- Adjusted operating income as a percentage of net sales to be approximately 2% to 3%
- Adjusted EBITDA as a percentage of net sales to be approximately 4% to 5%.
The above guidance for the fourth quarter of fiscal 2025 assumes $4-5m in expected incremental tariff costs, of which it expects to continue to partially offset through its mitigation strategies.
Sign up for our daily news round-up!
Give your business an edge with our leading industry insights.
Just Style Excellence Awards - Nominations Closed
Nominations are now closed for the Just Style Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact
Excellence in Action
Recognised with two 2025 Just Style Excellence Awards, Coats Digital is setting a new standard in apparel costing and sustainability with its GSDCost solution. Learn how its data-led approach boosts costing accuracy, ethical compliance and environmental performance across the fashion supply chain.
Content Original Link:
" target="_blank">
