Overview
- Vince reported first-quarter revenue of $64.0 million, a 10.5% increase year over year, and narrowed its net loss to $2.1 million, or $0.16 per share.
- Growth came from both channels with direct-to-consumer sales up 15.6% and wholesale sales up 5.9%, showing broad demand for the brand.
- Gross margin rose to 50.6% as management reduced promotions and kept selective price hikes taken last year, though higher tariffs partially offset the gain.
- Management raised guidance for the second quarter to 10–12% sales growth and lifted full-year 2026 sales to about $320 million with adjusted operating margin of roughly 4–4.5% of sales.
- The company ended the quarter with 54 stores and $31.2 million of revolver availability, giving Vince liquidity as it seeks to exit unprofitability, while the stock reaction remained muted.