Vince Reports Q3 Sales Gains and Sees Holiday Momentum

Core Insights - Vince experienced a significant sales increase in Q3, with net sales rising 6.2% to $85.1 million, surpassing expectations of flat to 3% growth [1] Sales Performance - Wholesaling grew by 6.7%, while direct-to-consumer sales increased by 5.5% [2] - The business benefited from store renovations, website improvements, and strong product acceptance despite price increases due to new tariffs [2] Profitability Metrics - Gross profit was $41.9 million, representing 49.2% of net sales, down from 50% in the previous year due to higher tariffs and freight costs [3] - Operating income was $5.4 million, a slight decrease from $5.8 million in the same period last year [4] - Adjusted EBITDA was $6.5 million, compared to $7.4 million in the same period last year [4] Net Income - Net income was $2.7 million, or 21 cents per diluted share, down from $4.3 million, or 34 cents per diluted share, in the same period last year [5] Pricing Strategy - Vince implemented strategic price increases of about 6-7% overall, with minimal unit decline observed [6] - The company reported record sales during Black Friday and Cyber Monday, indicating strong consumer engagement [6]