Vince Holding Corp. Reports Q1 2025 Results: Net Sales Down 2.1% to $57.9 Million, Adjusted EBITDA Loss Widens to $3.0 Million
Reuters
Jun 17
Vince Holding Corp. Reports Q1 2025 Results: Net Sales Down 2.1% to $57.9 Million, Adjusted EBITDA Loss Widens to $3.0 Million
Vince Holding Corp. $(VNCE)$, a global contemporary retailer, reported its financial results for the first quarter ended May 3, 2025. The company recorded net sales of $57.9 million, marking a decrease of 2.1% compared to the first quarter of fiscal 2024. The wholesale segment saw a slight increase in sales by 0.1% to $30.3 million, while the direct-to-consumer segment experienced a decline of 4.4%, totaling $27.6 million compared to the same period last year. The company's adjusted EBITDA was reported at $(3.0) million, down from $(1.5) million in the same period the previous year. Income from operations for the Vince Wholesale and Vince Direct-to-consumer segments was $8.6 million, a decrease from $10.1 million in the first quarter of fiscal 2024. The company ended the quarter with 58 company-operated Vince stores, which is a net decrease of four stores since the first quarter of fiscal 2024. CEO Brendan Hoffman highlighted the company's efforts in diversifying its supply chain and negotiating with vendors to mitigate near-term costs, in response to evolving tariff policies.
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