initial public offerings (IPOs) trading on American exchanges

Tuesday, June 7, 2016

Vince Holding (VNCE) reported earnings Tue 7 June 2016 (b/o)

** charts before earnings **  


** charts after earnings **



Vince Holding beats by $0.06, beats on revs; reaffirms FY17 EPS guidance, revs guidance :
  • Reports Q1 (Apr) loss of $0.05 per share, $0.06 better than the Capital IQ Consensus of ($0.11); revenues rose 13.0% year/year to $67.6 mln vs the $55.45 mln Capital IQ Consensus. 
    • Wholesale segment sales increased 16.9% to $44.8 million and direct-to-consumer segment sales increased 6.1% to $22.9 million over the first quarter of fiscal 2015.
    • Comparable sales decreased 12.3%, including e-commerce sales, which was in line with expectations, due to the planned reduction in promotional activity and inventory levels.
    • Gross profit was $28.3 million, or 41.8% of net sales. This compares to gross profit of $30.7 million, or 51.4% of net sales, in the first quarter of fiscal 2015. The decrease in gross profit rate was primarily attributable to a change in product mix and continued strategic investments.
  • Co reaffirms guidance for FY17, sees EPS of $0.00-0.06 vs. $0.03 Capital IQ Consensus; sees FY17 revs of $290-305 mln vs. $298.75 mln Capital IQ Consensus, including revenues from six new retail stores and comparable sales growth inclusive of ecommerce sales in the flat to low-single digit range. The Company expects sales to decrease in the mid- to high-single digit range for the first half of the year and to be flat or increase in the mid-single digit range in the second half of the year as compared to the same prior year periods; Gross margin of ~47%. 

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