Vince raises its outlook as sales grow nearly 12%
Vince Holding ($VNCE) reported second-quarter revenue of $81.8 million, up 11.7%, with direct-to-consumer sales rising 13.7% and wholesale sales increasing 10.4%. The company raised its outlook for the Vince business, now expecting full-year sales growth of 8–10% and an adjusted EBITDA margin of 9.0–9.5%. Those forecasts exclude the newly acquired OVO business. The earnings comparison requires care. Reported gross margin of 60.9% included a $10.4 million tariff-refund benefit; without that benef
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