Vince reports Q3 net loss of $5.2M on $98.6M revenue; Rebecca Taylor wind-down charges total $11.1M

VINCE HOLDING CORP.

2022-Q3 EPS reported -$2.25 revenue$266,134,000

Net loss $5.2M ($0.43 loss per share) vs net income $2.2M ($0.18) in prior year quarter.
Revenue up 12.7% to $98.6M; gross margin dropped to 30.2% from 48.2% due to wind-down and inventory charges.
Vince brand net sales up 14.4% to $89.7M led by wholesale (+29.1%); DTC declined 3.0%.
Rebecca Taylor & Parker net sales down 2.2% to $8.9M; operating loss $13.2M includes $11.1M wind-down costs.
Inventory rose to $116.4M from $82.0M a year ago; total borrowings $125.5M, excess availability $26.8M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

VINCE HOLDING CORP. reported third quarter ended October 29, 2022 results: revenue $98.6 million, net income $5.2 million, EPS $(0.43) per share.

Period: third quarter ended October 29, 2022
Revenue: $98.6 million
Net income: $5.2 million
EPS: $(0.43) per share
Result: reported results

Exact text from the filing

today reported its financial results for the third quarter 2022 ended October 29, 2022. Highlights for the third quarter ended October 29, 2022: • Net sales increased 12.7% to $98.6 million as compared to $87.5 million in the same period last year reflecting a 14.4% increase in Vince brand sales and a 2.2% decrease in Rebecca Taylor and Parker sales, combined. •

View on SEC.gov

10 earnings releases filed in the last 30 days. Browse all earnings releases →

VINCE HOLDING CORP. filing history →

Source: SEC EDGAR

accession 0000950170-22-026427

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.