Vince Holding Corp. (VNCE) Q2 FY2026 earnings

Reported results

• Total Company net sales increased 11.7% to $81.8 million in Q2 2026 compared to $73.2 million in Q2 2025, driven by 13.7% increase in direct-to-consumer segment and 10.4% increase in wholesale segment (GAAP)
• Gross profit was $49.8 million, or 60.9% of net sales, compared to $36.9 million, or 50.4% of net sales, in Q2 2025; includes $10.4 million favorable impact from IEEPA tariff refund (GAAP)
• Income from operations was $13.6 million compared to $11.2 million in Q2 2025; adjusted non-GAAP income from operations was $16.4 million compared to $5.5 million in Q2 2025
• Net income was $10.6 million or $0.80 per diluted share compared to $12.1 million or $0.93 per diluted share in Q2 2025; adjusted non-GAAP net income was $13.5 million or $1.02 per diluted share compared to $4.9 million or $0.38 per diluted share in Q2 2025
• Adjusted EBITDA (non-GAAP) was $18.0 million compared to $6.7 million in Q2 2025
• Company ended quarter with 53 company-operated Vince stores and total borrowings of $12.3 million with $63.6 million available under revolving credit facility

Guidance

• For Q3 2026 (Vince Business only): net sales expected to increase approximately 5% to 8% compared to prior year; adjusted non-GAAP operating income as a percentage of net sales approximately 7.5% to 8.5%; adjusted non-GAAP EBITDA as a percentage of net sales approximately 8.5% to 9.5%
• For full year fiscal 2026 (Vince Business only): net sales expected to increase approximately 8% to 10% compared to prior year; adjusted non-GAAP operating income as a percentage of net sales approximately 7.5% to 8.0%; adjusted non-GAAP EBITDA as a percentage of net sales approximately 9.0% to 9.5%
• For OVO business: company sees opportunity to grow OVO sales to over $100 million and deliver adjusted non-GAAP EBITDA margins in the low double digit percentage range by fiscal 2030

Notes

Company completed acquisition of OVO operating business on August 27, 2026 for nominal cash and purchased 5% equity interest in OVO’s IP holding entity for $6 million. OVO delivered nearly $50 million in sales in calendar year 2025. Q2 2026 results include $2.9 million in OVO transaction costs in unallocated corporate expenses. Q2 2025 results included $5.6 million ERC benefit. Outlook excludes OVO Business and now considers benefit of tariff refunds from Supreme Court’s IEEPA decision.

Price and volatility reaction

Source

The figures above come from the earnings release the company filed with the SEC on 2026-09-10 (8-K, Item 2.02). Read the original filing on sec.gov.