Vince Q1 net sales up 36% to $78.4M; net loss narrows to $7.2M

VINCE HOLDING CORP.

2022-Q1 EPS reported -$0.60 revenue$78,376,000

Net sales rose 36.2% to $78.4M; net loss of $7.2M ($0.60/share) vs. $11.6M loss a year ago.
Gross margin improved to 45.5% from 44.3%, aided by leverage, insurance recovery, and favorable mix.
Vince brand sales up 34.5% to $68.2M; Rebecca Taylor & Parker combined up 48.9% to $10.1M.
Stockholders elected Eugenia Ulasewicz and Matthew Garff as Class II directors, ratified PwC, and approved say-on-pay.
Total borrowings $98.5M; $41.5M excess availability; inventory $83.3M.

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