Overview

• US luxury apparel retailer's Q1 net sales rose 10.5% year-over-year

• Company narrowed Q1 net loss to $2.1 mln from $4.8 mln last year

Outlook

• Vince Holding raises full-year 2026 net sales growth outlook to 7%-8%

• Company expects Q2 net sales to rise 10%-12% from prior-year period

• Outlook assumes 10% tariff rate for inventory receipts; excludes potential tariff refunds

Result Drivers

• DIRECT-TO-CONSUMER GROWTH - Direct-to-consumer segment sales rose 15.6%, outpacing wholesale growth, per company

• HIGHER PRICING & LOWER DISCOUNTING - Gross margin improvement was driven by higher pricing and lower discounting, partly offset by higher tariffs

• CUSTOMER EXPERIENCE INVESTMENTS - Strategic investments in customer experience fueled double-digit growth in new and reactivated customers, supporting full-price selling

Company press release: ID:nBw8sHFQda

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q1 Sales	Beat	$64.04 mln	$63.05 mln (2 Analysts)
Q1 EPS		-$0.16
Q1 Net Income		-$2.10 mln

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the apparel & accessories retailers peer group is "buy"

• Wall Street's median 12-month price target for Vince Holding Corp is $6.75, about 34.7% above its June 15 closing price of $5.01

• The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 10 three months ago

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