Vince Holding (VNCE) Reports Q3 EPS of $0.53 on Revenues of $83.5M; Offers FY18 Revenue Outlook
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Vince Holding Corp. Reports Third Quarter 2018 Results
December 13, 2018 7:30 AM ESTNEW 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 third quarter of fiscal 2018 ended November 3, 2018.
Highlights for the third quarter ended November 3, 2018:
Net sales increased 5.6% to $83.5 million Direct-to-Consumer sales increased 17.1%; comparable sales grew 14.1% Gross margin rate increased 250 basis points to 48.9% Operating income increased 68.9% to $9.0 million Net income was $6.8 million or $0.57 per diluted share compared to net income $3.5 million or... More