Vince.(US:VNCE)2025-12-09 12:01Financial Performance - Total net sales increased by 6.2% to $85.1 million compared to $80.2 million in Q3 fiscal 2024[3] - Net income was $2.7 million or $0.21 per diluted share, down from $4.3 million or $0.34 per diluted share in the same period last year[6] - Adjusted EBITDA was $6.5 million, a decrease from $7.4 million in the same period last year[6] - Gross profit was $41.9 million, representing 49.2% of net sales, compared to 50.0% in Q3 fiscal 2024[3] - Net sales for the three months ended November 1, 2025, increased to $85,126,000, up from $80,162,000 for the same period in 2024, representing a growth of 3.7%[19] - Gross profit for the three months ended November 1, 2025, was $41,907,000, with a gross margin of 49.2%, compared to $40,058,000 and 50.0% in the prior year[19] - Net income for the three months ended November 1, 2025, was $2,726,000, a decrease from $4,349,000 in the same period of 2024, reflecting a decline of 37.2%[19] - Basic earnings per share for the three months ended November 1, 2025, was $0.21, down from $0.35 in the prior year[19] - Adjusted EBITDA for the three months ended November 1, 2025, was $6,509,000, compared to $7,380,000 for the same period in 2024[27] Sales and Segments - The wholesale segment sales increased by 6.7% to $52.0 million, while direct-to-consumer segment sales rose by 5.5% to $33.1 million[6] - The company expects net sales to increase approximately 3% to 7% in Q4 fiscal 2025[12] Expenses and Assets - Selling, general, and administrative expenses were $36.5 million, maintaining 42.8% of sales, driven by increased compensation and marketing costs[3] - Selling, general and administrative expenses for the three months ended November 1, 2025, were $36,472,000, maintaining 42.8% of net sales[19] - Total current assets increased to $118,186,000 as of November 1, 2025, compared to $96,576,000 as of February 1, 2025[21] - Long-term debt rose to $36,061,000 as of November 1, 2025, compared to $19,156,000 as of February 1, 2025[21] - Total assets decreased to $246,003,000 as of November 1, 2025, down from $254,704,000 as of November 2, 2024[21] Company Operations - The company ended the quarter with 60 company-operated stores, a net decrease of 1 store since Q3 fiscal 2024[6] - The company issued 370,878 shares of common stock for net proceeds of $1.291 million at an average price of $3.55 per share[7] - The company completed a strategic partnership with Authentic Brands Group, entering into a long-term license agreement[9] - The company reported a decrease in equity in net income of equity method investments to $266,000 for the three months ended November 1, 2025, from $279,000 in the prior year[19]