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NEW YORK - On Wednesday, Vince Holding Corp. (NASDAQ:VNCE) reported fourth quarter results that exceeded analyst expectations, with adjusted earnings per share of $0.18 compared to the consensus estimate of -$0.13. Revenue increased 4.7% YoY to $83.7 million, slightly above the $83.1 million analyst estimate.
Shares of the company rose 4.63% in pre-market trading following the announcement.
The company posted a GAAP net loss of $3.6 million, or -$0.28 per share, which included a $6 million charge related to the Saks reorganization.
Excluding this charge, adjusted net income was $2.4 million. Revenue growth was driven by a 10.4% increase in the direct-to-consumer segment, which offset a 1.2% decline in wholesale sales.
"I am incredibly proud of the strong operating results we delivered in the fourth quarter reflecting the powerful momentum we built throughout fiscal 2025," said CEO Brendan Hoffman. "Our team executed across all areas of the business, delivering nearly 5% sales growth with profitability exceeding the high end of our guidance ranges."
For fiscal 2025, net sales increased 2.2% to $300 million. The company reported net income of $6.4 million, or $0.49 per share, compared to a net loss of $19 million in the prior year. Adjusted EBITDA for the quarter was $4.5 million.
Looking ahead, Vince expects first quarter fiscal 2026 net sales to increase 8.5% to 10.5% compared to the prior year period.
The midpoint of 9.5% growth suggests strong momentum. For the full fiscal 2026, the company projects net sales growth of 3% to 6%, with the 4.5% midpoint indicating continued expansion.
The company ended the quarter with 55 company-operated stores and $40.8 million of excess availability under its revolving credit facility.
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