Vince Holding Corp. (NYSE: VNCE) reported net sales of $73.2 million and net income of $12.1 million for the second quarter ended August 2, 2025.
Adjusted EBITDA reached $6.7 million, showing a significant increase of $4.0 million compared to Q2 FY2024.
The company highlighted disciplined execution, strong customer reception, and plans for strategic reinvestment in the business.
Sales Performance
Total Company net sales decreased by 1.3% to $73.2 million, driven by a decline in the wholesale segment offset by growth in the direct-to-consumer segment.
Gross Margin Improvement
Gross profit margin increased to 50.4% of net sales, supported by lower product costing, higher pricing, and lower discounting.
Cost Management
Selling, general, and administrative expenses decreased to 35.2% of sales, benefiting from the ERC payroll tax credit payments.
Profitability Boost
Income from operations surged to $11.2 million, showcasing a significant improvement over the previous year.
Adjusted Financials
Adjusted net income reached $4.9 million, and Adjusted EBITDA stood at $6.7 million, reflecting strong financial performance.
- The company's ability to navigate challenges while focusing on growth opportunities highlights its resilience in a dynamic market.
- Improvements in gross margin and cost management demonstrate the effectiveness of Vince Holding Corp.'s strategic initiatives.
Vince Holding Corp.'s second quarter results reflect a mix of challenges and successes, with notable improvements in profitability and strategic positioning. The company's focus on customer loyalty and product quality remains a priority.