Core Insights - The article emphasizes the importance of timing and sustainability in short-term investing, highlighting that while trends can be beneficial, confirming their strength is crucial for success [1][6]. Company Analysis - Vince Holding Corp. (VNCE) has demonstrated a significant price increase of 197.6% over the past four weeks, indicating a strong ongoing trend [3]. - Over a 12-week period, VNCE has gained 170.3%, reflecting investor confidence in its potential upside [7]. - VNCE is currently trading at 100% of its 52-week high-low range, suggesting it may be on the verge of a breakout [8]. Fundamental Strength - VNCE holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, which are critical for near-term price movements [4]. - The stock also has an Average Broker Recommendation of 1 (Strong Buy), indicating strong optimism from the brokerage community regarding its near-term performance [5]. Investment Strategy - The article suggests that investors should utilize the "Recent Price Strength" screen to identify stocks like VNCE that are on an upward trend supported by strong fundamentals [2][10]. - The Zacks Rank system has a proven track record, with Zacks Rank 1 stocks averaging an annual return of +25% since 1988, reinforcing the potential for VNCE's price trend to continue [9].

Financial Performance - Net sales for the three months ended November 2, 2024 were $80.162 million, a decrease of $3.914 million or 4.7% compared to $84.076 million for the same period in 2023[89] - Gross profit increased by 7.7% to $40.058 million in Q3 2024, with gross margin improving to 50.0% from 44.2% in Q3 2023[89] - Selling, general and administrative (SG&A) expenses decreased by $59 thousand or 0.2% to $34.297 million in Q3 2024, representing 42.8% of net sales compared to 40.9% in Q3 2023[89] - The company reported net income of $4.349 million or 5.4% of net sales for Q3 2024, compared to $983 thousand or 1.2% of net sales in Q3 2023[89] - Net sales for the nine months ended November 2, 2024 decreased by $4,077 (1.9%) to $213,502 compared to $217,579 for the nine months ended October 28, 2023[102] - Gross profit increased by 6.0% to $105,102 for the nine months ended November 2, 2024 from $99,125 in the nine months ended October 28, 2023, with gross margin improving to 49.2% from 45.6%[102] - SG&A expenses increased by $1,611 (1.6%) to $100,241 for the nine months ended November 2, 2024 from $98,630 for the nine months ended October 28, 2023[102] - Interest expense, net decreased by $4,436 (47.1%) to $4,984 in the nine months ended November 2, 2024 from $9,420 in the nine months ended October 28, 2023[102] - Benefit for income taxes for the nine months ended November 2, 2024 was $1,681, compared to $5,368 for the nine months ended October 28, 2023[104] Segment Performance - Vince Wholesale segment net sales increased by $7,492 (6.3%) to $126,206 in the nine months ended November 2, 2024 from $118,714 in the nine months ended October 28, 2023[106] - Vince Direct-to-consumer segment net sales decreased by $11,378 (11.5%) to $87,296 in the nine months ended November 2, 2024 from $98,674 in the nine months ended October 28, 2023[109] - Income from operations for the Vince Wholesale segment increased by $9,972 (28.4%) to $45,070 in the nine months ended November 2, 2024 from $35,098 in the nine months ended October 28, 2023[106] - Vince Direct-to-consumer segment had a loss from operations of $848 in the nine months ended November 2, 2024 compared to income from operations of $2,151 in the nine months ended October 28, 2023[109] - Net sales from the Rebecca Taylor and Parker segment decreased by $191, or 100.0%, to $0 in the nine months ended November 2, 2024, compared to $191 in the same period in 2023, primarily due to the wind down of the businesses[110] - Income from operations for the Rebecca Taylor and Parker segment was $7,633 in the nine months ended November 2, 2024, compared to $2,443 in the same period in 2023, driven by the gain on the sale of Rebecca Taylor[110] Store Operations and E-commerce - The company operates 47 full-price retail stores and 14 outlet stores for the Vince brand, along with e-commerce and subscription services[86] - Total retail store count decreased to 61 (47 full price stores and 14 outlet stores) as of November 2, 2024 from 66 (49 full price stores and 17 outlet stores) as of October 28, 2023[109] Strategic Initiatives and Partnerships - The company completed the sale of Rebecca Taylor's intellectual property and related assets on December 22, 2022, and all Rebecca Taylor retail and outlet stores were closed by January 28, 2023[94] - The company entered into a strategic partnership with Authentic Brands Group on April 21, 2023, contributing its intellectual property for cash consideration and a membership interest[86] - The company implemented a transformation program focused on improving gross margin profile and cost efficiencies through streamlined operations and reduced promotional activity[87] Debt and Financing - Interest expense decreased by $302 thousand or 15.2% to $1.691 million in Q3 2024, primarily due to lower levels of debt under revolving credit facilities[93] - The company repaid $28,724 under the Term Loan Credit Facility on May 25, 2023, including accrued interest and a prepayment penalty of $553[117] - The 2023 Revolving Credit Facility provides a revolving line of credit of up to $85,000, with a letter of credit sublimit of $10,000, and matures on June 23, 2028[118] - The 2023 Revolving Credit Facility has a weighted average interest rate of 7.8% as of November 2, 2024, with $44,078 available, $17,357 in borrowings, and $6,215 in letters of credit outstanding[120] - The company incurred $1,150 in financing costs during fiscal year 2023, with $23 and $1,147 incurred during the three and nine months ended October 28, 2023, respectively[120] - The 2018 Revolving Credit Facility was terminated on June 23, 2023, with $828 in expenses recorded during the nine months ended October 28, 2023, related to the write-off of deferred financing costs[121] - The Third Lien Credit Facility has an interest rate of Daily Simple SOFR plus 9.0%, with a credit spread adjustment of 0.10% per annum, and a maturity date extended to September 30, 2028[124] - The company incurred $485 in deferred financing costs associated with the Third Lien Credit Facility, with a $400 closing fee payable in kind and added to the principal balance[124] - The 2023 Revolving Credit Facility requires Excess Availability to be no less than the greater of 10.0% of the Loan Cap or $7,500 at all times[120] - The Third Lien Credit Facility is secured by a lien on substantially all of the company's assets, with obligations guaranteed by the company and its subsidiaries[124] Cash Flow - Net cash used in operating activities was $633 in the nine months ended November 2, 2024, compared to $13,121 in the same period in 2023, primarily due to changes in working capital[113] - Net cash used in investing activities was $2,725 in the nine months ended November 2, 2024, primarily related to capital expenditures for retail store buildouts[114] - Net cash provided by financing activities was $3,087 in the nine months ended November 2, 2024, primarily due to net borrowings under the revolving credit facilities[116] Industry and Accounting Considerations - The apparel and fashion industry is cyclical, with revenues affected by seasonal trends, economic conditions, and consumer spending factors[125] - The company's financial statements rely on critical accounting estimates, including the fair value assessment of goodwill, which is tested for impairment annually[126] - The Vince Wholesale reporting unit exceeded its carrying value by 7.9% in the fourth quarter of fiscal 2023, based on the annual impairment test[126]

Financial Performance - Net sales for the three months ended August 3, 2024, were $74,169, an increase of $4,722 or 6.8% compared to $69,447 for the same period in 2023[69] - Gross profit increased 8.6% to $35,131 for the three months ended August 3, 2024, with a gross margin of 47.4%, up from 46.6% in the prior year[69] - Selling, general and administrative (SG&A) expenses for the three months ended August 3, 2024, were $34,001, an increase of $2,460 or 7.8% compared to $31,541 in the prior year[70] - Total net sales for the six months ended August 3, 2024 were $133,340, a slight decrease of $163, or 0.1%, compared to $133,503 for the same period in 2023[78] - Gross profit for the six months ended August 3, 2024 increased by 5.0% to $65,044, with a gross margin of 48.8%, up from 46.4% in the prior year[78] Segment Performance - Vince Wholesale segment net sales increased by $10,777, or 29.6%, to $47,184 for the three months ended August 3, 2024, compared to $36,407 for the same period in 2023[75] - Vince Direct-to-consumer segment net sales decreased by $5,945, or 18.1%, to $26,985 for the three months ended August 3, 2024, from $32,930 in the prior year[76] - Vince Wholesale segment income from operations increased by $6,916, or 34.7%, to $26,847 for the six months ended August 3, 2024, compared to $19,931 for the same period in 2023[81] - The loss from operations in the Vince Direct-to-consumer segment was $1,398 for the three months ended August 3, 2024, compared to income of $1,098 in the same period last year[77] - Net sales from the Vince Direct-to-consumer segment decreased by $8,539, or 13.3%, to $55,899 for the six months ended August 3, 2024, down from $64,438 in the prior year[82] - The Rebecca Taylor and Parker segment reported net sales of $0 for the three months ended August 3, 2024, a decrease of 100% from $110 in the prior year due to the wind-down of the business[77] - Net sales from the Rebecca Taylor and Parker segment decreased by $191, or 100%, to $0 for the six months ended August 3, 2024, due to the wind down of these businesses[83] Expenses and Income - Interest expense, net decreased by $2,490 or 60.2% to $1,647 in the three months ended August 3, 2024, from $4,137 in the same period in 2023[71] - SG&A expenses for the six months ended August 3, 2024 increased by $1,670, or 2.6%, to $65,944 compared to $64,274 for the same period in 2023[78] - Interest expense, net decreased by $4,134, or 55.7%, to $3,293 for the six months ended August 3, 2024, from $7,427 in the prior year[79] - The Vince Direct-to-consumer segment reported a loss from operations of $1,462 for the six months ended August 3, 2024, compared to income of $2,199 for the same period in 2023, primarily due to increased SG&A expenses[82] - The Rebecca Taylor and Parker segment had a gain from operations of $7,633 for the six months ended August 3, 2024, compared to a gain of $2,449 in the prior year, driven by the gain on sale of Rebecca Taylor[83] Strategic Initiatives - The company implemented a transformation program aimed at enhancing profitability through improved gross margin and optimized expense structure[66] - The company entered into a strategic partnership with Authentic Brands Group, contributing its intellectual property for cash consideration and a membership interest in ABG Vince[65] - The company has identified three reportable segments: Vince Wholesale, Vince Direct-to-consumer, and Rebecca Taylor and Parker[65] Cash Flow and Liquidity - Net cash used in operating activities was $7,072 for the six months ended August 3, 2024, compared to $20,160 for the same period in 2023[85] - Net cash used in investing activities was $1,421 for the six months ended August 3, 2024, primarily related to capital expenditures for retail store buildouts[86] - Net cash provided by financing activities was $8,081 for the six months ended August 3, 2024, primarily from net borrowings under the revolving credit facilities[87] - The company believes its sources of liquidity will generate sufficient cash flows to meet obligations over the next twelve months[84] - The company entered into a new $85,000 senior secured revolving credit facility on June 23, 2023, replacing the previous $80,000 facility[89] Debt and Financing - The company repaid all outstanding amounts of $28,724 under the Term Loan Credit Facility on May 25, 2023, which included a prepayment penalty of $553[88] - As of August 3, 2024, the company had $41,109 available under the new credit facility, with $22,357 in borrowings and $6,260 in letters of credit outstanding[91] - The weighted average interest rate for borrowings under the new facility was 8.2% as of August 3, 2024[91] - The 2023 Revolving Credit Facility includes a financial covenant requiring Excess Availability to be no less than the greater of 10.0% of the Loan Cap or $7,500[91] - The previous 2018 Revolving Credit Facility was fully repaid and terminated on June 23, 2023, with a write-off expense of $828 recorded[92] - The Third Lien Credit Facility, amounting to $20,000, was amended to extend its maturity date to September 30, 2028[94] - Interest on the Third Lien Credit Facility is payable at a rate of Daily Simple SOFR plus 9.0%[94] Industry Context - The apparel and fashion industry is cyclical, affecting revenues based on economic conditions and seasonal trends[95] - As of August 3, 2024, there have been no material changes to the critical accounting estimates from the previous annual report[96]

Financial Data and Key Metrics Changes - Total company net sales for Q2 2024 increased by 6.8% to $74.2 million compared to $69.4 million in Q2 2023, driven by a 29.6% increase in the wholesale segment [13][20] - Adjusted operating margin was 1.5%, reflecting an 80 basis points gross margin expansion [4] - Net income for Q2 2024 was $0.6 million or earnings per share of $0.05, compared to net income of $29.5 million or earnings per share of $2.36 in the same period last year [20] Business Line Data and Key Metrics Changes - The wholesale segment saw a significant increase of 29.6%, while the direct-to-consumer segment declined by 18.1%, impacted by store closures and reduced promotional activity [13][14] - Direct-to-consumer sales were negatively impacted by 440 basis points due to store closures [14] - The men's business showed strength, particularly in the linen program and knit t-shirts, with plans for further expansion [5][6] Market Data and Key Metrics Changes - The company is experiencing solid sales growth from its first London store and is evaluating further expansion opportunities in Europe [9] - The decision to pause operations in China was made to focus on regions with greater productivity and profitability opportunities [9] Company Strategy and Development Direction - The company is focused on long-term sustainable growth through a transformation plan, which is ahead of mid-year fiscal 2024 targets [10][27] - Key franchise categories highlighted in the Future Heritage campaign include leathers and cashmere, with increased marketing investments planned [7] - The company aims to enhance customer acquisition efforts, particularly targeting the top 10% of customers who represent nearly 40% of demand [7] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding the wholesale business while updating sales guidance to reflect a more conservative outlook due to uncertain consumer spending [11][25] - The company expects total net sales for Q3 2024 to be flat to down low-single-digits relative to the prior year [23] - Adjusted operating margin is expected to increase by approximately 350 to 450 basis points compared to last year's adjusted operating margin [24] Other Important Information - The Board approved a stock repurchase program for up to $1 million of common stock [21] - The company plans to continue disciplined capital stewardship while investing in growth [21] Q&A Session Summary Question: Discussion on wholesale shipments and inventory - Management indicated that having product on the floor drives reorder business and they believe they have the right balance of inventory for both wholesale and direct-to-consumer channels [29][30] Question: Opportunities for domestic business expansion - Management is actively looking for opportunities to expand in the US, particularly in markets like Chicago and Nashville [31] Question: Expansion of men's product lines - Management confirmed they are on track to achieve the goal of 30% men's business in three years and are exploring further investments in the men's category [33] Question: Marketing strategies to attract higher-income consumers - Management acknowledged the need for increased marketing investments to drive brand awareness and attract higher-income consumers [41][42]

. KWG Securities Acquired by Vince McCormick August 08, 2024 7:49 PM EDT | Source: Vince McCormick Toronto, Ontario--(Newsfile Corp. - August 8, 2024) - Vince McCormick (the "Acquiror") is pleased to announce the acquisition on August 2, 2024 of ownership of an aggregate of (i) an aggregate of $705,000 of convertible debentures (the "Debentures") of KWG Resources Inc. (the "Issuer"), (ii) 147,707 Multiple Voting Shares of the Issuer (each, a "Multiple Voting Share"); (ii) 147,707 Warrants of the Issuer (eac ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended May 4, 2024 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-36212 VINCE HOLDING CORP. (Exact name of registrant as specified in its charter) Delaware 75-3264870 (State or other jurisdiction ...

Financial Data and Key Metrics - Total company net sales for Q1 2024 decreased by 7.6% to $59.2 million compared to $64.1 million in Q1 2023 [22] - Gross profit in Q1 2024 was $29.9 million, or 50.6% of net sales, compared to $29.6 million, or 46.2% of net sales in Q1 2023 [26] - Operating income for Q1 2024 was $5.6 million, compared to an operating loss of $2.4 million in the same period last year [28] - Adjusted net loss for Q1 2024 was $3.3 million, or $0.26 per share, compared to an adjusted net loss of $4.4 million, or $0.36 per share in Q1 2023 [33] - Net inventory at the end of Q1 2024 was $56.7 million, down from $80 million at the end of Q1 2023 [34] Business Line Performance - Vince Brand sales declined by 7.5% year-over-year, driven by declines in both wholesale and direct-to-consumer (DTC) segments [23] - DTC channel, excluding store closures, slightly outperformed the wholesale channel [9] - Full-price sales penetration increased by almost 500 basis points compared to the prior year [25] - The company is on track to expand men's business to 30% of total revenues over the next three years [12] Market Performance - The company saw strong customer reception in women's knits and casual dresses, and men's linen fabrications [8] - Internationally, performance is similar to the U.S., with growth opportunities in Asia, though inconsistent performance in the two stores opened there [43] - The company is focusing on expanding brand awareness in key markets like New York, LA, and Miami through events and marketing efforts [14] Strategic Direction and Industry Competition - The company is reducing promotional activity in both wholesale and DTC channels to drive full-price sales [7][10] - The company is leveraging its customer data platform to enhance customer engagement and loyalty, particularly with top customers who drive 35% of demand in the full-price DTC business [15][16] - The company is expanding its men's business and enhancing customer acquisition efforts, including reengaging in brand awareness and marketing strategies [13] - The company is benefiting from its partnership with Authentic Brands Group (ABG) and its ownership stake in ABG Vince, which is expected to offset royalty expenses [17][18] Management Commentary on Operating Environment and Future Outlook - The company expects Q2 2024 total net sales to be relatively flat to down low single digits compared to the prior year period [35] - Operating margin for Q2 2024 is expected to decline by 500 to 750 basis points compared to last year's adjusted operating margin of 4.1% [36] - For the full year, the company expects total net sales to grow in the low single digits compared to fiscal 2023, with operating margin flat to up 25 basis points [39][40] - The company is confident in its long-term growth strategy, particularly in expanding its men's business and improving customer engagement [12][19] Other Important Information - The company completed the wind down of the Rebecca Taylor business, resulting in a one-time gain of $7.6 million [28] - The company is targeting over $30 million in savings over three years as part of its transformation plan, which remains on track [18] - The company is launching the Vince Taylor clothing line later this year and will introduce a collection of handbags, belts, and small leather goods under the Vince label in 2025 [18] Q&A Session Summary Question: International Market Performance and Opportunities - The company is seeing similar performance internationally as in the U.S., with growth opportunities in Asia, though inconsistent performance in the two stores opened there [43] Question: Store Closures and Long-Term Growth Strategy - Store closures impacted year-over-year sales, but the company sees stores as part of its long-term growth strategy, with potential expansion in markets like Chicago, Dallas, and Houston [44][45] Question: Pricing Strategy and Outlet Channel - The company has completed the reset period for pricing and off-price business, with a focus on normalizing wholesale off-price and managing inventory better going forward [47][48] Question: SG&A Normalization - The company expects SG&A to normalize as it progresses through the year, with the impact of short-term incentive compensation plans mitigating as sales build in the back half of the year [49][50] Question: Cost Initiatives and Margin Improvement - The company realized approximately 240 basis points of margin improvement in Q1 2024, with cost initiatives expected to build throughout the year, particularly in the back half [53][54] Question: Revenue Guidance and Challenges - The company expects a stronger performance in the second half of the year, driven by its key selling season in fall and holiday, and improved wholesale business [57][58] Question: Growth Opportunities in Men's Category - The company is focusing on a new planned program in the men's category, with expectations for growth in the back half of the year [60]

Exhibit 99.1 VINCE HOLDING CORP. REPORTS FIRST QUARTER 2024 RESULTS Net Sales of $59.2 Million Gross Margin Increased 440 basis points vs. Q1 FY2023 Q1 Profitability Exceeds Prior Outlook Reaf irms Full Year FY2024 Outlook NEW YORK, New York – June 18, 2024 – Vince Holding Corp. (NYSE: VNCE) ("VNCE" or the "Company"), a global contemporary retailer, today reported its financial results for the first quarter ended May 4, 2024. David Stefko, Interim Chief Executive Officer of VNCE said, "Our first quarter res ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended February 3, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-36212 VINCE HOLDING CORP. (Exact name of registrant as specified in its charter) Delaware 75-3264870 (State or other jurisdiction of inc ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended October 28, 2023 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-36212 VINCE HOLDING CORP. (Exact name of registrant as specified in its charter) Delaware 75-3264870 (State or other jurisdic ...