Vince Holding Corp reported a 6.8 per cent increase in Q2 2024 net sales, reaching $74.2 million.
Growth was driven by a 29.6 per cent rise in wholesale sales, which helped offset an 18.1 per cent decline in direct-to-consumer performance.
Gross profit improved to 47.4 per cent of sales due to lower costs.
The company maintains a cautious but optimistic outlook for the rest of 2024.
Growth was driven by a 29.6 per cent rise in wholesale sales, which helped offset an 18.1 per cent decline in direct-to-consumer performance.
Gross profit improved to 47.4 per cent of sales due to lower costs.
The company maintains a cautious but optimistic outlook for the rest of 2024.
