Vince Reports Q2 Earnings with Sales Growth and Raised Guidance
Vince Holding Corp (VNCE) reported strong financial results for Q2 fiscal 2026, including a total sales increase of $81.8 million—up 11.7% year-over-year. The Direct-to-Consumer segment saw robust growth at 13.7%, while the Wholesale segment rose by 10.4%. Gross profit reached $49.8 million with an adjusted gross margin decline to 48.2% due to higher product and freight costs, though a $10.4 million benefit from IEEPA tariff refunds helped offset this. Adjusted EBITDA increased significantly to $18.0 million compared to the prior year period after excluding the Employee Retention Credit (ERC) impact. Net income was reported at $10.6 million or $0.80 per diluted share, down from $12.1 million in Q2 2025 but adjusted net income rose to $13.5 million due to tariff refunds. Vince also raised its full-year sales growth guidance and outlined plans for the OVO acquisition, including a target of growing OVO’s revenue beyond $100 million by fiscal 2030.
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