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Last $18.09 USD
Change Today -0.06 / -0.33%
Volume 131.6K
VNCE On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 05/21/15 All times are local (Market data is delayed by at least 15 minutes).

vince holding corp (VNCE) Key Developments

Vince Holding Corp. Announces Unaudited Consolidated Earnings Results for Fourth Quarter and Full Year Ended January 31, 2015; Provides Earnings Guidance for the Full Year of 2015

Vince Holding Corp. announced unaudited consolidated earnings results for fourth quarter and full year ended January 31, 2015. For the quarter, the company reported net sales of $94,671,000, income from operations of $20,269,000, income before income taxes of $17,863,000, net income from continuing operations of $10,527,000 or $0.28 per diluted share and net income of $10,527,000 or $0.28 per diluted share compared to net sales of $87,758,000, income from operations of $14,930,000, income before income taxes of $12,760,000, net income from continuing operations of $8,311,000 or $0.24 per diluted share and net income of $582,000 or $0.02 per diluted share for the same quarter a year ago. Compared to adjusted operating income in fiscal 2013 of $17.5 million, operating income increased 15.9%. Compared to adjusted net income in fiscal 2013 of $8.7 million, or 9.9% of sales, net income increased 20.6%. Diluted earnings per share increased 21.7% compared to the adjusted diluted earnings per share of $0.23 earned in the fourth quarter of fiscal 2013. For the year, the company reported net sales of $340,396,000, income from operations of $70,250,000, income before income taxes of $59,717,000, net income from continuing operations of $35,723,000 or $0.93 per diluted share and net income of $35,723,000 or $0.93 per diluted share compared to net sales of $288,170,000, income from operations of $49,353,000, income before income taxes of $30,663,000, net income from continuing operations of $23,395,000 or $0.83 per diluted share and net loss of $27,420,000 or $0.98 per diluted share for the previous year. On adjusted basis, the company reported net sales of $340,396,000, income from operations of $70,821,000, income before income taxes of $60,288,000, net income from continuing operations of $36,066,000 or $0.94 per diluted share and net income of $36,066,000 or $0.94 per diluted share compared to net sales of $288,170,000, income from operations of $59,104,000, income before income taxes of $46,825000, net income from continuing operations of $28,095,000 or $0.73 per diluted share and net income of $28,095,000 or $0.73 per diluted share for the previous year. Adjusted EPS increased nearly 29% compared to last year. Net sales grew by over 18%, with double-digit growth in both wholesale and direct-to-consumer segments. Gross margin expanded by 280 basis points, and adjusted operating margin expanded by 30 basis points to 20.8% despite substantial reinvestment in business. Capital expenditures for fiscal 2014 totaled $19.7 million, of which $9.8 million was attributable to new and remodeled stores and shop-in-shop build-outs. Additionally, $9.9 million of the capital spend during the year related to headquarters and showrooms in New York, new design studio in Los Angeles and new Paris showroom. For fiscal 2015, the company expects to achieve total net sales of $360 million to $370 million, including revenues from 8 to 10 new retail stores and comparable sales growth inclusive of ecommerce sales in the low double-digit range. Expand the gross margin 50 to 100 basis points. Generate diluted earnings per share of $1.00 to $1.05. Finally, the company expects capital expenditures to be in the $17 million to $20 million range in fiscal 2015.

Vince Holding Corp Reiterates Earnings Guidance for the Fiscal Year 2014

Vince Holding Corp. reiterated earnings guidance for the fiscal year 2014. For the period, the company expects total net sales of $335 million to $345 million, including revenues from nine new retail stores and comparable sales growth in the high single-digit range for retail stores only and low double-digit range including ecommerce sales, expects to expand gross margin 200 to 250 basis points, generate adjusted diluted earnings per share of $0.90 to $0.94 and to spend $20 million to $23 million in capital expenditures.

Vince Holding Corp to Report Q4, 2015 Results on Mar 19, 2015

Vince Holding Corp announced that they will report Q4, 2015 results at 9:00 AM, Eastern Standard Time on Mar 19, 2015

Vince Holding Corp, Q4 2015 Earnings Call, Mar 19, 2015

Vince Holding Corp, Q4 2015 Earnings Call, Mar 19, 2015

Vince Holding Corp. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended November 1, 2014; Provides Earnings Guidance for 2014

Vince Holding Corp. announced unaudited consolidated earnings results for the third quarter and nine months ended November 1, 2014. For the quarter, the company reported net sales of $102,947,000 against $85,755,000 a year ago. Income from operations was $24,830,000 against $17,538,000 a year ago. Income before taxes was $22,523,000 against $17,413,000 a year ago. Net income from continuing operations was $13,311,000 or $0.35 per diluted share against $16,468,000 or $0.62 per diluted share a year ago. Net income was $13,311,000 or $0.35 per diluted share against loss of $2,359,000 or $0.09 per diluted share a year ago. For the nine months period, the company reported net sales of $245,725,000 against $200,412,000 a year ago. Income from operations was $49,981,000 against $34,423,000 a year ago. Income before taxes was $41,854,000 against $17,903,000 a year ago. Net income from continuing operations was $25,196,000 or $0.66 per diluted share against $15,084,000 or $0.57 per diluted share a year ago. Net income was $25,196,000 or $0.66 per diluted share against loss of $28,002,000 or $1.06 per diluted share a year ago. Adjusted net sales were $245,725,000 against $200,412,000 a year ago. Adjusted income from operations was $50,552,000 against $41,611,000 a year ago. Adjusted income before taxes was $42,425,000 against $32,274,000 a year ago. Adjusted net income from continuing operations was $25,539,000 or $0.67 per diluted share against $19,364,000 or $0.51 per diluted share a year ago. Adjusted net income was $25,539,000 or $0.67 per diluted share against $19,364,000 or $0.51 per diluted share a year ago. For fiscal 2014, the company now expects to: achieve total net sales of $335 million to $345 million, including revenues from nine new retail stores and comparable sales growth in the high single-digit range for retail stores only and low double-digit range including ecommerce sales; generate adjusted diluted earnings per share of $0.90 to $0.94; spend $20 million to $23 million in capital expenditures.

 

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