Vince Reports Q2 Earnings Growth and Raises Fiscal 2026 Outlook
Vince Holding Corp (NASDAQ:VNCE) reported second-quarter sales of $81.8 million, a year-over-year increase of 11.7%, driven by growth in both direct-to-consumer and wholesale channels. The company raised its full-year fiscal 2026 outlook for the core Vince business, projecting an 8% to 10% revenue increase with adjusted EBITDA margins expected between 9% and 9.5%. Gross profit expanded significantly due partly to a $10.4 million tariff-refund benefit. Vince also outlined plans to expand its newly acquired OVO streetwear brand through additional U.S. stores, e-commerce platforms, and wholesale distribution channels. While OVO is expected to be earnings-neutral in fiscal 2026, it's projected to become accretive by fiscal 2027 with a revenue target of over $100 million by fiscal 2030.
Tickers: $VNCE