American retailer Vince reports $4.8 mn Q1 loss, suspends FY25 outlook
Vince Holding Corp has reported net sales of $57.9 million in Q1 FY25, down 2.1 per cent YoY, impacted by store closures and a 4.4 per cent drop in DTC sales. Gross profit stood at $29.2 million. The company posted a net loss of $4.8 million and adjusted EBITDA of -$3 million. Vince forecasts Q2 sales to be flat or down 3 per cent, with no full-year guidance due to tariff uncertainties.
Vince Holding Corp has reported net sales of $57.9 million in Q1 FY25, down 2.1 per cent YoY, impacted by store closures and a 4.4 per cent drop in DTC sales.
Gross profit stood at $29.2 million.
The company posted a net loss of $4.8 million and adjusted EBITDA of -$3 million.
Vince forecasts Q2 sales to be flat or down 3 per cent, with no full-year guidance due to tariff uncertainties.
