Key Points – Vince posted a strong first quarter with net sales up 10.5% year over year to $64 million, driven by gains in both direct-to-consumer and wholesale.
Direct-to-consumer sales rose 15.6% and wholesale increased 5.9%. – Profitability improved despite tariff pressure, as gross margin ticked up to 50.6% and operating losses narrowed to $2.6 million from $4.4 million a year ago
The company said higher pricing and lower discounting helped offset the impact of tariffs. – Vince raised its fiscal 2026 outlook, now expecting full-year sales growth of 7% to 8% and higher profitability targets. Management also said second-quarter sales are tracking above low-double-digit growth so far, though it remains cautious about macro volatility. Vince (NASDAQ:VNCE) reported stronger first-quarter fiscal 2026 results and raised its full-year outlook, as the apparel company cited momentum across both its direct-to-consumer and wholesale channels.
Chief Executive Officer Brendan Hoffman said the company’s performance reflected continued execution of strategic priorities following momentum built during fiscal 2025. “The momentum we built throughout fiscal 2025 has accelerated into the new year,” Hoffman said on the earnings call. He added that Vince is “executing our strategic priorities with precision and confidence.” For the first quarter, Vince reported net sales of $64 million, up 10.5% from $57.9 million in the prior-year period. Direct-to-consumer sales increased 15.6%, while wholesale sales rose 5.9% year over year.