Vince Aims To Achieve Better Results This Year

The data of the earnings season can trigger a sensation in the industry and trigger a fall in share prices.

Vince has released its annual performance report, because its sales performance in the last fiscal year has been excellent, triggering the group's annual sales expectations, which led to its stock price soaring all day.

In the 2015 fiscal year ended January 30, 2016,

The net sales for the whole year amounted to between 3.005 and 302 million 500 thousand dollars, while the group expected 2.85 to 290 million dollars in the three quarter, better than expected.

After spending many factors aside, the adjusted EPS has been substantially increased to $0.32 to $0.34 from the previous 0.17 - 0.21 US dollars.

Since the last fiscal year was better than expected, the group released its current fiscal year 2016.

The net sales are expected to be between 2.90 and 305 million dollars.

To this end, the stock price of Vince has risen 8.84% to 7.51 US dollars for the whole five months.

Benefit from steady shop expansion and effective e-commerce providers.

Growth incentives, coupled with the reduction of wholesale initial orders, will increase total price sales. Finally, because of the positive response of the early spring series to customers, Vince sales and gross margins have increased substantially over the same period last year.

At the end of January 2015, Vince has 35 retail stores, 4 outlets and the flagship store.