Vince Holding net sales rise to $64 million

• Vince Holding reported a 10.5% increase in first-quarter net sales to $64 million.
• The company minimized its net loss to $2.1 million from $4.8 million last year.
• Favorable pricing actions and reduced discounting drove gross margin expansion.

Vince Holding (NASDAQ:VNCE) reported a 10.5% increase in first-quarter net sales to $64 million, driven by expansion across its direct-to-consumer and wholesale segments.

This top-line growth contrasts with the first quarter of fiscal 2025, where the global retail platform recorded net sales of $57.9 million.

Gross profit grew to $32.4 million, or 50.6% of net sales, aided by higher pricing and lower discounting that helped counter the impact of elevated tariffs.

Selling, general, and administrative expenses rose to $35 million due to higher benefit, marketing, and advertising costs.

The company ended the fiscal period operating 54 standalone Vince retail stores.

This retail footprint represents a net decrease of four store locations compared to the same operational period last year.