Stifel Affirms Vince Holdings (VNCE) at 'Hold'; Wholesale Weakness Contributes to Lighter Growth Outlook
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Vince Holding Corp. Reports First Quarter 2015 Results
June 4, 2015 4:01 PM EDTNEW YORK, June 4, 2015 /PRNewswire/ --Â Vince Holding Corp. (NYSE: VNCE), a leading contemporary fashion brand ("Vince" or the "Company"), today reported unaudited results for the first quarter of fiscal 2015.
For the first quarter ended May 2, 2015:
Net sales increased 12.0% to $59.8 million from $53.5 million in the first quarter of fiscal 2014. The wholesale segment increased 2.6% to $38.3 million and the direct-to-consumer segment increased 33.6% to $21.6 million over the first quarter of fiscal 2014. Comparable store sales increased 9.7%, including ecommerce sales. Gross profit increased 16.4% to $30.7 million from $26.4 million in the first... More