US’ Vince’s FY24 sales touches $293.5 mn, gross margin improves
Vince Holding Corp has reported sales of $293.5 million in FY24 net, up 0.2 per cent YoY, driven by wholesale gains offsetting lower DTC performance. Gross profit rose to $145.2 million with margin gains from reduced promotions and costs. Q4 sales rose 6.2 per cent to $80 million. Despite FY24 strength, the company expects a 5 per cent sales decline in Q1 FY25 amid tariff and retail challenges.
Vince Holding Corp has reported sales of $293.5 million in FY24 net, up 0.2 per cent YoY, driven by wholesale gains offsetting lower DTC performance.
Gross profit rose to $145.2 million with margin gains from reduced promotions and costs.
Q4 sales rose 6.2 per cent to $80 million.
Despite FY24 strength, the company expects a 5 per cent sales decline in Q1 FY25 amid tariff and retail challenges.
