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what it is
Vince sells upscale clothing and accessories through its own stores, website, subscription rental, and wholesale partners.
how it gets paid
Last year Vince made $293M in revenue. Wholesale was the main engine at $117M, or 40% of sales.
why it's growing
Revenue grew 0.2% last year. That quarter looked strong on the surface, but the full-year picture is still weak with fiscal 2024 EPS estimated at -$0.25 and operating margin at.
what just happened
The latest quarter showed $216M in revenue, with EPS at $0.77 and gross margin at 49.9%.
At a glance
C balance sheet — red flag territory — real financial stress
5/100 earnings predictability — expect surprises
25.9x trailing p/e — priced about right
0.1% return on capital — nothing to write home about
-$0.25 fy2024 eps est
xvary composite: 24/100 — weak
What they do
Vince sells upscale clothing and accessories through its own stores, website, subscription rental, and wholesale partners.
You buy Vince for quiet luxury basics, not logos. The brand reaches you through 43 full-price stores, 14 outlet stores, vince.com, and premium wholesale doors, so you keep running into it whether you shop full price or on markdown. That reach matters when annual revenue is $293M, because a small brand needs every channel working at once.
How they make money
$293M
annual revenue · their business grew +0.2% last year
Wholesale
$117M
Full-price retail stores
$82M
Outlet stores
$47M
E-commerce
$41M
Vince Unfold subscription
$6M
The products that matter
sells through third-party retailers
Vince Wholesale
$185M · 63% of revenue
this is still the center of gravity at $185M, and it fell 2.1% last year. when the legacy channel is most of sales, a clean turnaround does not exist until this line stops shrinking.
legacy channel
company-owned stores and e-commerce
Vince Direct-to-Consumer
$108M · 37% of revenue
this $108M channel grew 5.3% last year. that's the healthier trend, but it still sits inside a company with a -6.2% net margin and $125M in long-term debt.
mix-shift bet
Key numbers
$125M
long-term debt
This is the number hanging over the story. The company owes almost 4 times its roughly $33M market value.
5.9%
operating margin
Operating margin → profit after running the business → so what: Vince is still losing money on the core operation.
$294M
annual revenue
The brand is real and has scale, but $294M of sales has not translated into durable profitability yet.
0.1%
return on capital
Return on capital → profit from money invested → so what: management is getting almost no payoff from the capital tied up in the business.
Financial health
C
strength
- balance sheet grade C — very weak — significant financial distress
- risk rank 5 — safer than 5% of stocks
- price stability 5 / 100
- long-term debt $125M (79% of capital)
C — balance sheet grade and long-term debt are flagged. this stock carries more risk than average.
Total return vs. market
Return history isn't available for VNCE right now.
source: institutional data · return history unavailable
What just happened
beat estimates
The latest quarter showed $216M in revenue, with EPS at $0.77 and gross margin at 49.9%.
That quarter looked strong on the surface, but the full-year picture is still weak with fiscal 2024 EPS estimated at -$0.25 and operating margin at -5.9%. This is a comeback attempt, not a finished turnaround.
$216M
revenue
$0.77
eps
49.9%
gross margin
the number that mattered
49.9% gross margin matters most because margin is the only thing standing between Vince and another year where sales exist but profits do not.
source: company earnings report, 2026
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What could go wrong
your #1 risk is debt pressure at a brand that is not earning enough. $125M in long-term debt against a $33M market cap leaves very little room for another weak season or a refinancing surprise.
high
balance sheet stress
long-term debt is $125M, or 79% of capital. that's the kind of leverage that turns an ordinary bad quarter into a financing problem.
if lenders get less patient, the capital structure matters more than any single product win.
high
negative profitability
net profit margin is -6.2%, and FY2024 EPS is estimated at -$0.25. gross margin at 49.9% is decent. the losses happen after product cost.
if operating expense discipline does not improve, better channel mix alone will not rescue the equity.
med
wholesale erosion
wholesale is still $185M, or 63% of revenue, and it fell 2.1%. the larger channel is moving the wrong way.
if wholesale keeps shrinking faster than direct grows, total revenue stays trapped near $294M.
med
thin operating cushion
return on capital is 0.1% and earnings predictability is 5/100. In human-speak: small misses can create large reactions because there is almost no buffer.
you are not underwriting a steady compounder. you are underwriting variability with leverage attached.
$125M in long-term debt exposes a company with $294M in revenue and a -6.2% net margin to a simple risk: the current weak state lasting longer than investors expect.
source: institutional data · regulatory filings · risk analysis
Pay attention to
next catalyst
Q4 and full-year FY2025 earnings
expected around may 1, 2026. the question is simple: did 5.3% direct-to-consumer growth produce better profit, or just a better talking point.
balance sheet
debt and any covenant pressure
$125M in long-term debt and a C balance sheet mean financing language matters. on stocks like this, the footnotes are part of the thesis.
channel mix
direct-to-consumer versus wholesale
you want +5.3% in direct-to-consumer to keep outrunning the -2.1% move in wholesale. if that spread narrows the wrong way, the repair story weakens fast.
profitability
whether 49.9% gross margin reaches net income
keeping roughly half of revenue after product cost should help. the problem is everything after that. watch whether the -6.2% net margin moves toward break-even.
Analyst rankings
earnings predictability
5 / 100
in human-speak: expect noisy quarters, revisions, and very little smoothness in the numbers.
risk rank
5
safer than only 5% of stocks. that puts VNCE near the wrong end of the scale.
price stability
5 / 100
the stock has very little stability. when the business is this fragile, the tape tends to amplify every data point.
source: institutional data
Institutional activity
institutional ownership data for VNCE is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$4
current price
n/a
target midpoint · n/a from current
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