Vince Holding 10-K: $300.0M Revenue, $0.49 Diluted EPS
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Vince Holding reported fiscal year net sales of $300 million and diluted earnings per share of $0.49, marking a return to profitability after a previous loss. Revenue increased by 2.2%, with gross margin improving to 49.7%. The company achieved an operating income of $9.2 million and net income of $6.4 million. Growth was driven by a 4.8% rise in Direct-to-consumer sales. Vince continues to focus on its brand strategy while optimizing its retail footprint, operating 55 locations with a slight reduction in stores.
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