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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. Posts Mixed Q3 2025 Results

Vince Holding Corp. reported a 6.2% increase in total company net sales to $85.1 million in Q3 2025, driven by a 6.7% increase in the wholesale channel and a 5.5% increase in the direct-to-consumer segment. However, the company's gross margin rate decreased due to the unfavorable impact of higher tariffs and increased freight costs, resulting in a gross profit of $41.9 million, or 49.2% of net sales. The company's adjusted EBITDA was $6.5 million for the third quarter, compared to $7.4 million in the prior year. Earnings per share (EPS) came in at $0.21, beating estimates of $0.11.

Publication Date: Dec -20

📋 Highlights
  • Net Sales Growth:: Total net sales rose 6.2% to $85.1 million, driven by a 6.7% wholesale and 5.5% DTC increase.
  • Gross Margin Pressure:: Gross margin declined to 49.2% due to higher tariffs and freight costs, impacting profitability.
  • Adjusted EBITDA Decline:: Adjusted EBITDA dropped to $6.5 million (from $7.4M), reflecting margin compression.
  • Store Expansion:: Two new stores opened in Nashville and Sacramento, with plans to leverage DTC and e-commerce growth.
  • Q4 Guidance:: Projects 3–7% sales growth, with adjusted EBITDA margin targeting 2–4% of net sales.

Revenue Growth Drivers

The company's strong revenue growth was driven by a combination of price and product volume, with units holding steady and actually growing at the higher price point. According to Brendan Hoffman, the company's CEO, the core customer continues to see Vince as a value, and the company will continue to monitor this trend. The company's ecommerce channel drove revenue, while wholesale partners also showed strength at the register.

Operational Highlights

The company opened two new stores in new markets, Nashville and Sacramento, and plans to continue monitoring the direct-to-consumer opportunity led by ecommerce. The company's CEO believes that stores and ecommerce reinforce each other and that the company will continue to see growth in both channels. Regarding inventory constraints, the company's CEO stated that they were in a good inventory position, with no major bottlenecks or limitations that could have delivered even better sales.

Valuation Metrics

With a P/E Ratio of -2.88 and a P/S Ratio of 0.18, the company's valuation appears to be reasonable. The EV/EBITDA ratio stands at -12.82, indicating that the company's enterprise value is not excessively high relative to its EBITDA. Analysts estimate next year's revenue growth at 4.5%, which may impact the company's valuation multiples.

Guidance and Outlook

Looking forward, the company expects a strong start to the fourth quarter, with record holiday weekend sales performance in the DTC segment. The company's guidance for the fourth quarter assumes a 3% to 7% increase in total net sales, with adjusted operating income as a percentage of net sales expected to be approximately flat to 2% and adjusted EBITDA as a percentage of net sales expected to be approximately 2% to 4%.

3. NewsRoom

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Financial Review: 707 Cayman (NASDAQ:JEM) & Vince (NASDAQ:VNCE)

Jan -15

Source: defenseworld.net

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Vince Holding Corp. Provides Holiday Sales Results

Jan -12

Source: businesswire.com

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Head to Head Comparison: Vince (NASDAQ:VNCE) versus 707 Cayman (NASDAQ:JEM)

Jan -12

Source: defenseworld.net

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Contrasting 707 Cayman (NASDAQ:JEM) and Vince (NASDAQ:VNCE)

Jan -10

Source: defenseworld.net

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Critical Comparison: 707 Cayman (NASDAQ:JEM) & Vince (NASDAQ:VNCE)

Jan -06

Source: defenseworld.net

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Vince Announces Participation in the 28th Annual ICR Conference

Jan -05

Source: businesswire.com

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Comparing Vince (NASDAQ:VNCE) and 707 Cayman (NASDAQ:JEM)

Jan -03

Source: defenseworld.net

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Vince (NASDAQ:VNCE) & 707 Cayman (NASDAQ:JEM) Financial Analysis

Jan -02

Source: defenseworld.net

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
FIGS

A-Score: 4.7/10

Value: 1.0

Growth: 8.8

Quality: 6.0

Yield: 0.0

Momentum: 9.5

Volatility: 3.0

1-Year Total Return ->

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Stock-Card
Vince

A-Score: 4.3/10

Value: 9.6

Growth: 2.7

Quality: 4.0

Yield: 0.0

Momentum: 9.5

Volatility: 0.3

1-Year Total Return ->

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Stock-Card
Culp

A-Score: 4.3/10

Value: 10.0

Growth: 1.2

Quality: 4.8

Yield: 1.0

Momentum: 3.0

Volatility: 5.7

1-Year Total Return ->

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Stock-Card
Lakeland Industries

A-Score: 3.6/10

Value: 9.8

Growth: 2.1

Quality: 4.0

Yield: 2.0

Momentum: 1.5

Volatility: 2.3

1-Year Total Return ->

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Stock-Card
Hanesbrands

A-Score: 3.6/10

Value: 7.0

Growth: 0.9

Quality: 4.8

Yield: 2.0

Momentum: 3.0

Volatility: 3.7

1-Year Total Return ->

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Stock-Card
Ubiquiti

A-Score: 2.8/10

Value: 8.0

Growth: 1.3

Quality: 3.2

Yield: 0.0

Momentum: 0.5

Volatility: 3.7

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

2.96$

Current Price

2.96$

Potential

-0.00%

Expected Cash-Flows