Vince Holding (VNCE) Reports Q1 Loss of $0.49/Share
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Vince Holding Corp. Reports First Quarter 2018 Results
June 14, 2018 4:15 PM EDTNEW YORK--(BUSINESS WIRE)-- Vince Holding Corp. (NYSE: VNCE), a leading global luxury apparel and accessories brand (Vince or the Company), today reported unaudited results for the first quarter of fiscal year 2018 ended May 5, 2018.
Highlights for the first quarter ended May 5, 2018:
Direct-to-Consumer sales increased 14.9%; comparable sales grew 12.3% Gross margin rate increased 270 basis points to 46.8% Operating loss improved $3.8 million to $4.4 million from $8.2 million Net loss was $5.6 million or $0.49 per share compared to a net loss of $9.3 million or... More