Last $23.06 USD
Change Today -0.63 / -2.66%
Volume 17.6K
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vince holding corp (VNCE) Key Developments

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. 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.

Vince Holding Corp. Announces Board Changes

On November 25, 2014, Christopher T. Metz resigned from the board of directors of Vince Holding Corp., effective November 25, 2014. Mr. Metz's resignation did not involve any disagreement with the Company or any matter relating to the Company's operations, policies or practices. In connection with the resignation of Mr. Metz, it is anticipated that Mark Brody will serve as the lead independent director of the Board.

Vince Holding Corp to Report Q3, 2015 Results on Dec 02, 2014

Vince Holding Corp announced that they will report Q3, 2015 results at 9:00 AM, Eastern Standard Time on Dec 02, 2014

Vince Holding Corp, Q3 2015 Earnings Call, Dec 02, 2014

Vince Holding Corp, Q3 2015 Earnings Call, Dec 02, 2014

 

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