VINCE HOLDING CORP
For the period ended Feb 3, 2024. Filed May 2, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed May 2, 2024
VNCE$12.94-1.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations and Comprehensive Income (Loss)
(In thousands, except share and per share data)
| Fiscal Year | ||
|---|---|---|
| 2023 | 2022 | |
| Net sales | $292,890 | $357,442 |
| Cost of products sold 3 | 159,598 | 219,472 |
| Gross profit | 133,292 | 137,970 |
| Impairment of intangible assets | — | 1,700 |
| Impairment of long-lived assets | — | 1,880 |
| Gain on sale of intangible assets | (32,808) | (1,620) |
| Selling, general and administrative expenses | 134,476 | 161,432 |
| Income (loss) from operations | 31,624 | (25,422) |
| Interest expense, net 4 | 11,118 | 9,887 |
| Income (loss) before income taxes and equity in net income of equity method investment | 20,506 | (35,309) |
| (Benefit) provision for income taxes | (3,478) | 3,037 |
| Income (loss) before equity in net income of equity method investment | 23,984 | (38,346) |
| Equity in net income of equity method investment | 1,462 | — |
| Net income (loss) | $25,446 | $(38,346) |
| Other comprehensive income (loss): | ||
| Foreign currency translation adjustments | 3 | 41 |
| Comprehensive income (loss) | $25,449 | $(38,305) |
| Earnings (loss) per share: | ||
| Basic earnings (loss) per share | $2.05 | $(3.14) |
| Diluted earnings (loss) per share | $2.04 | $(3.14) |
| Weighted average shares outstanding: | ||
| Basic | 12,442,781 | 12,223,004 |
| Diluted | 12,478,215 | 12,223,004 |
3 Includes royalty expense of $9,486, which is with a related party.
4 Includes capitalized PIK interest with the Third Lien Credit Facility of $4,026, which is with a related party.
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