Vince reports strong Q4 but anticipates sales decrease in Q1 2025

From Yahoo Finance: 2025-05-05 05:54:00

Luxury brand Vince reported a 0.2% increase in net sales for FY24, reaching $293.45m, with a 10.5% surge in wholesale sales but a 10.4% decline in direct-to-customer sales. Gross profit rose to $145.18m, representing 49.5% of net sales. However, operating loss was $17.18m, leading to a net loss of $19.0m for the year. In Q4 alone, net sales rose by 6.2% to $79.95m. Looking ahead, Vince anticipates a 5% decrease in net sales for Q1 FY25. CEO Brendan Hoffman praised the team’s efforts and product offerings, but uncertainties regarding tariff policies prevent full-year guidance.



Read more at Yahoo Finance: Vince expects Q1 2025 sales dip as Q4 finishes strongly