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1. Company Snapshot

1.a. Company Description

Vince Holding Corp.designs, merchandises, and sells luxury apparel and accessories in the United States and internationally.It operates through three segments: Vince Wholesale, Vince Direct-to-Consumer, and Rebecca Taylor and Parker.


The company offers a range of women's products, such as cashmere sweaters, silk blouses, leather and suede leggings and jackets, dresses, skirts, denims, pants, t-shirts, footwear, outerwear, and accessories; and men's products comprising t-shirts, knit and woven tops, sweaters, denims, pants, blazers, footwear, and outerwear under the Vince brand.It also offers occasion-forward dresses, suiting, silk blouses, leather and tweed jackets, outerwear, jumpsuits, cotton dresses and blouses, denim, sweaters, pants, skirts and knit, and woven tops under the Rebecca Taylor and Parker brands.The company sells its products directly to consumers through its branded specialty retail stores and outlet stores, as well as through its vince.com e-commerce platform and subscription business through Vince Unfold, vinceunfold.com; and to wholesale department stores and specialty stores.


As of January 29, 2022, it operated 86 stores, including 49 company-operated Vince full-price stores, 10 company-operated Rebecca Taylor full-price stores, 18 company-operated Vince outlet stores, and 8 company-operated Rebecca Taylor outlet stores.The company was formerly known as Apparel Holding Corp.and changed its name to Vince Holding Corp.


in November 2013.Vince Holding Corp.was founded in 2002 and is headquartered in New York, New York.

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1.b. Last Insights on VNCE

Negative drivers behind Vince Holding Corp.'s recent performance include the CFO transition, which may have caused temporary disruption to the company's financial management. The departure of John Szczepanski as CFO in March 2025 and the subsequent appointment of Yuji Okumura as Interim CFO may have led to a brief period of uncertainty. Additionally, the company's announcement of a CFO transition may have raised concerns among investors about the stability of its leadership team.

1.c. Company Highlights

2. Vince Holding Corp. Beats Earnings Expectations

Vince Holding Corp. reported Q2 2025 results with revenues of $73.2 million, slightly below the previous year's figure, and an earnings per share (EPS) of $0.38, beating expectations. Gross margin improved to 50.4%, driven by pricing and reduced discounts. The company reported an operating income of $11.2 million, a significant increase from $1.1 million in the previous year. The strong direct-to-consumer (DTC) performance, with a 5.5% growth, was a key driver of the results.

Publication Date: Sep -23

📋 Highlights
  • Q2 Sales Performance: Vince reported $73.2M net sales (-1.3% YoY) with profitability exceeding guidance, driven by 5.5% DTC growth (offsetting 5.1% wholesale decline).
  • Gross Margin Expansion: Gross margin rose to 50.4% (vs. 47.4% YoY) via pricing discipline and reduced discounts, despite higher tariffs and freight costs.
  • Operating Income Surge: Operating income jumped to $11.2M (vs. $1.1M YoY), with adjusted net income at $4.9M ($0.38/share) amid SG&A savings.
  • Tariff Mitigation Success: Strategic production shifts reduced tariff impact by 50% (from 150% peak in April/May), avoiding $25M+ potential costs.
  • Inventory & Store Strategy: Inventory rose to $76.7M (flat YoY), while new stores in Marylebone, Nashville, and Sacramento expanded global footprint (47 full-price stores Q2 2024).

Operational Highlights

The company continued its geographic expansion with new store openings in Nashville and Sacramento. The management mentioned that they have been mitigating the impact of tariffs by shifting their supply chain, resulting in a 50% reduction in estimated tariff impacts. The company is also diversifying its sourcing, with a target of capping sourcing from any one country at 25%.

Valuation Metrics

Given the current stock price, the company's Price-to-Sales (P/S) Ratio stands at 0.13, indicating a relatively low valuation. The Free Cash Flow Yield is 59.72%, suggesting a strong potential for cash generation. However, the Return on Equity (ROE) is -36.13%, indicating that the company is currently not generating profits.

Outlook

The company expects flat to low single-digit sales growth in Q3, with an operating margin of 1-4% and adjusted EBITDA margin of 2-5%. The management is cautiously optimistic about the future, citing a normalization of supply chain disruptions and a focus on disciplined execution and product quality.

3. NewsRoom

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Vince Announces Participation in the KeyBanc Capital Markets Consumer Conference

Dec -04

Source: businesswire.com

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Vince (NYSE:VNCE) versus Ted Baker (OTCMKTS:TBAKF) Critical Analysis

Nov -30

Source: defenseworld.net

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Analyzing LVMH-Moet Hennessy Louis Vuitton (OTCMKTS:LVMUY) & Vince (NYSE:VNCE)

Nov -26

Source: defenseworld.net

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Vince Announces Reporting Date for Third Quarter 2025 Financial Results

Nov -25

Source: businesswire.com

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VNCE vs. RL: Which Luxury Apparel Stock Is the Better Buy?

Oct -30

Source: zacks.com

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VNCE's Full-Price Season Extension: A Fresh Path to Margin Strength?

Oct -29

Source: zacks.com

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VNCE Slashes Debt 40% YoY: Will Leverage Gains Drive EPS Growth?

Oct -23

Source: zacks.com

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Vince Holding Corp. Debuts on Nasdaq

Oct -21

Source: businesswire.com

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (7.81%)

6. Segments

Vince Wholesale

Expected Growth: 5.4%

Vince Wholesale's 5.4% growth is driven by increasing demand for luxury apparel, expansion into new markets, and strategic partnerships. The segment benefits from Vince Holding Corp.'s strong brand reputation, high-quality products, and effective supply chain management. Additionally, the company's focus on digital marketing and e-commerce has contributed to its growth.

Vince Direct-to-consumer

Expected Growth: 10.33%

Vince Direct-to-consumer's 10.33% growth is driven by increasing online presence, effective marketing strategies, and a strong brand reputation. The segment benefits from a shift towards online shopping, with consumers seeking convenience and personalized experiences. Additionally, Vince's focus on premium quality products and targeted promotions contribute to its growth momentum.

Rebecca Taylor and Parker

Expected Growth: 4.83%

Rebecca Taylor and Parker from Vince Holding Corp. achieved 4.83% growth driven by strong brand recognition, effective marketing strategies, and expansion into new markets. Additionally, the company's focus on premium quality products, competitive pricing, and efficient supply chain management contributed to the growth.

7. Detailed Products

Vince Women's

Luxury women's apparel, including dresses, tops, pants, and outerwear

Vince Unisex

Gender-neutral apparel, including denim, tees, and outerwear

Rebecca Taylor

Feminine, bohemian-inspired women's apparel, including dresses, tops, and pants

Parker

Contemporary women's apparel, including dresses, tops, and pants

Elray

Men's apparel, including denim, tees, and outerwear

8. Vince Holding Corp.'s Porter Forces

Forces Ranking

Threat Of Substitutes

The threat of substitutes for Vince Holding Corp. is medium due to the presence of alternative products in the market, but the company's strong brand image and customer loyalty mitigate this threat.

Bargaining Power Of Customers

The bargaining power of customers is low for Vince Holding Corp. due to the company's premium pricing strategy and strong brand image, which reduces the negotiating power of customers.

Bargaining Power Of Suppliers

The bargaining power of suppliers is medium for Vince Holding Corp. due to the presence of multiple suppliers in the market, but the company's large scale of operations and strong relationships with suppliers mitigate this threat.

Threat Of New Entrants

The threat of new entrants is high for Vince Holding Corp. due to the low barriers to entry in the industry and the attractiveness of the market, but the company's strong brand image and established distribution network provide a competitive advantage.

Intensity Of Rivalry

The intensity of rivalry is high for Vince Holding Corp. due to the presence of several established competitors in the market, but the company's strong brand image, premium pricing strategy, and focus on quality differentiate it from competitors.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 56.30%
Debt Cost 7.40%
Equity Weight 43.70%
Equity Cost 13.03%
WACC 9.86%
Leverage 128.84%

11. Quality Control: Vince Holding Corp. passed 1 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
Vince

A-Score: 4.3/10

Value: 9.6

Growth: 2.7

Quality: 4.0

Yield: 0.0

Momentum: 9.5

Volatility: 0.0

1-Year Total Return ->

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Stock-Card
Culp

A-Score: 4.1/10

Value: 9.8

Growth: 1.2

Quality: 5.0

Yield: 1.0

Momentum: 2.0

Volatility: 5.3

1-Year Total Return ->

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Stock-Card
FIGS

A-Score: 4.1/10

Value: 1.7

Growth: 8.8

Quality: 5.8

Yield: 0.0

Momentum: 5.0

Volatility: 3.0

1-Year Total Return ->

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Stock-Card
Lakeland Industries

A-Score: 3.5/10

Value: 9.0

Growth: 2.1

Quality: 3.7

Yield: 1.0

Momentum: 2.0

Volatility: 3.3

1-Year Total Return ->

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Stock-Card
Ubiquiti

A-Score: 3.0/10

Value: 8.3

Growth: 1.3

Quality: 3.2

Yield: 0.0

Momentum: 0.5

Volatility: 4.7

1-Year Total Return ->

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Stock-Card
Hanesbrands

A-Score: 3.0/10

Value: 3.5

Growth: 0.9

Quality: 4.5

Yield: 2.0

Momentum: 4.0

Volatility: 3.0

1-Year Total Return ->

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Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

2.91$

Current Price

2.91$

Potential

-0.00%

Expected Cash-Flows