VINCE HOLDING CORP. (Nasdaq: VNCE) reported net sales of $85.1 million, net income of $2.7 million, and adjusted EBITDA of $6.5 million for the third quarter of 2025.
The company's direct-to-consumer segment showed strong growth with enhancements in customer experience including store renovations, e-commerce site refresh, and drop-ship capabilities.
Total Company net sales increased by 6.2% driven by growth in both the wholesale and direct-to-consumer segments.
Sales Growth
Total net sales increased by 6.2% to $85.1 million compared to the same period last year.
Profitability
Net income was $2.7 million, down from $4.3 million in the same period last year.
Operational Performance
Adjusted EBITDA was $6.5 million, reflecting a decrease from $7.4 million in the previous year.
- Gross profit margin decreased to 49.2% of net sales due to higher tariffs and increased freight costs.
- Selling, general, and administrative expenses increased to 42.8% of sales primarily driven by compensation and marketing costs.
- The company's income from operations and net income experienced a decline compared to the same period last year.
Despite challenges in gross profit margins and income decline, VINCE HOLDING CORP. remains optimistic about its trajectory and strategic investments for sustained profitable growth.