Vince Holding Corp (VNCE) reported quarterly earnings results on Tuesday, Jun-7-2016. The company said it had a profit of $-0.05 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.06. Analysts had a consensus of $-0.11. The company posted revenue of $67.60 million in the period, compared to analysts expectations of $55.45 million. The company’s revenue was up 13.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.06 EPS.
Vince Holding Corp closed down -0.4 points or -6.69% at $5.58 with 2,18,044 shares getting traded on Friday. Post opening the session at $6.06, the shares hit an intraday low of $5.565 and an intraday high of $6.06 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on May 18, 2016, David Stefko (CFO) purchased 25,000 shares at $5.45 per share price.
Vince Holding Corp. (Vince) is a contemporary fashion brand known for modern style and everyday luxury essentials. The Company offers a range of women’s men’s and children’s apparel women’s and men’s footwear and handbags. The Company operates in two segments: wholesale and direct-to-consumer. Its wholesale segment comprises the sales to department stores and specialty stores in the United States and in select international markets. Its direct-to-consumer segment includes its retail and outlet stores and its e-commerce business. The women’s line under the Vince brand includes seasonal collections of luxurious cashmere sweaters and silk blouses leather and suede leggings and jackets dresses denim pants tanks and t-shirts handbags and an assortment of outerwear. The men’s collection under the Vince brand includes t-shirts knit and woven tops sweaters denim pants blazers outerwear and stylish leather jackets.