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    US Apparel Retailer Vince Profits In The Two Quarter To Raise Annual Expectations

    2014/9/4 20:50:00 43

    American ApparelRetailersVinceTurnaroundFull Year Expectations

      

    U.S.A

    Fashion retailer Vince Holding Corp. (NYSE:VNCE) lost profits in the two quarter and raised its annual forecast.

    In the two quarter ended August 2nd, Vince Holding Corp. (NYSE:VNCE) achieved a net profit of $10 million 500 thousand, or earnings per share of $0.27, compared with a net loss of $10 million 500 thousand in the same period last year, or a loss of 0.40 US dollars per share.

    Excluding disposable items, adjusted net profit increased from $8 million 700 thousand last year to $10 million 800 thousand, adjusted earnings per share rose from $0.23 to $0.28, exceeding the net profit of $0.23.

    market

    The expected $0.24.

      

     

    In the two quarter, revenue rose by 20.2% to $89 million 300 thousand, and the market forecast was $83 million 920 thousand, compared with $74 million 300 thousand a year ago.

    Retail sales of same store sales recorded 7.1% of the increase, 19 consecutive quarterly growth, wholesale sales increased by close to 17% compared with the same period last year, mainly driven by women's clothing and footwear agency business.

    Gross margin increased by 400 basis points to 49.3%.

    Due to the two quarter

    achievement

    Good. Vince Holding Corp. (NYSE:VNCE) raised the earnings per share from the previous 0.88-0.92 US dollar to US $0.90-0.94.

    However, Vince Holding Corp. (NYSE:VNCE) shares still plunged 5.78% to 36.5 dollars in the pre trading session on Wednesday.

    The stock closed at $38.94 on Tuesday, up 6.78%.

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