Vince Cuts Q1 Loss to $2.6M on 10.5% Sales Rise, Raises 2026 Outlook
VNCE•Vince saw Q1 sales rise 10.5% to $64 million, cutting operating loss to $2.6 million from $4.4 million and net loss to $2.1 million. It raised 2026 net sales guidance to about $320 million (7–8% growth) and boosted adjusted operating income outlook to 4–4.5%.
1. Q1 Results and Sales Gains
Vince’s total sales for the quarter ended May 2 rose 10.5% to $64 million, with direct-to-consumer revenue up 15.6% and wholesale up 5.9%. Operating loss narrowed to $2.6 million from $4.4 million year-over-year, and net loss declined to $2.1 million, or 16 cents per share.
2. Margin Improvement Drivers
Gross profit increased to $32.4 million, representing a 50.6% margin, up from 50.3% a year earlier. The company attributes the margin expansion to targeted 10% price hikes and reduced discounting, partially offset by higher tariffs.
3. Raised Full-Year Guidance
For fiscal 2026, Vince now expects net sales around $320 million, a 7–8% increase over last year’s $300 million, up from prior 3–6% growth forecast. Adjusted operating income is projected at 4–4.5% of sales, with adjusted EBITDA at 5.5–6%.
