The American textile group Vince Holding Corp. presented its results for the first quarter of the 2025/26 financial year on Tuesday. The company also explained that in response to the challenging and uncertain economic environment, it had immediately taken appropriate measures.
In the first quarter, which ended on May 3, net sales fell by 2.1 percent to $ 57.9 million (53.3 million euros) compared to the same period in the previous year. This decline was primarily due to closures and conversions of their own stores. Sales in their own retail fell by 4.4 percent to $ 27.6 million. In the wholesale business, on the other hand, it rose 0.1 percent to $ 30.3 million.
CEO Brendan Hoffman referred to the current framework: “I would continue to encourage me the strong achievements and the commitment to excellence that I see throughout our company,” he said in a statement. “Although we move full of uncertainties in a challenging environment, the results ultimately corresponded to our expectations in the first quarter.”
“As a company, in the second half of the quarter, we quickly gave all efforts to develop and implement measures to reduce risk in view of the changes in customs policy,” emphasized Hoffman. “In a short time we diversified our supply chain, negotiated with suppliers and used other options to reduce the short -term costs.”
The gross margin, which was 50.6 percent in the first quarter of the previous year, decreased slightly to 50.3 percent. The gross profit reached a height of $ 29.2 million. The loss of interest, taxes and depreciation (EBITDA), which was adjusted for special effects, grew from $ 1.5 to $ 3.0 million.
The company had to record a net loss of $ 4.8 million (4.4 million euros) after it was able to achieve a surplus of $ 4.4 million in the previous year. The shortfall per share was 37 US cent. Adjusted for one-off effects, the net loss was $ 3.3 million.
At the end of the quarter, Vince operated 58 own shops, four less than a year earlier. The company continued the optimization of its retail space.
For the second quarter of 2025/26, Vince expects that net sales will remain approximately stable compared to the same period last year or will decrease by up to three percent. The operational profit is expected to achieve between -1 and +1 percent of net sales, the adjusted EBITDA one to four percent. Due to the continuing uncertainty with regard to the possible effects and the duration of the current customs policy, the company decided not to make any forecasts for the entire financial year.
This article was used with digital tools translated.
Fashionunited uses artificial intelligence to accelerate the translation of articles and improve the end result. They help us make the international reporting of fashionunited a German -speaking readership quickly and comprehensively accessible. Articles that have been translated using AI-based tools are read and carefully edited by our editor: Correcting inside before they are published. If you have any questions or comments, please contact me by email to [email protected]