VINCE HOLDING CORP.
For the period ended Feb 1, 2025. Filed May 2, 2025.
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FY2025 · Filed May 2, 2025
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Consolidated Statements of Operations and Comprehensive Income (Loss)
(In thousands, except share and per share data)
| Fiscal Year | ||
|---|---|---|
| 2024 | 2023 | |
| Net sales4 | $293,452 | $292,890 |
| Cost of products sold5 | 148,273 | 159,598 |
| Gross profit | 145,179 | 133,292 |
| Impairment of goodwill | 31,973 | — |
| Gain on sale of intangible assets | — | (32,808) |
| Gain on sale of subsidiary | (7,634) | — |
| Selling, general and administrative expenses6 | 138,016 | 134,476 |
| (Loss) income from operations | (17,176) | 31,624 |
| Interest expense, net7 | 6,569 | 11,118 |
| Other income | (344) | — |
| (Loss) income before income taxes and equity in net income of equity method investment | (23,401) | 20,506 |
| Benefit for income taxes | (3,642) | (3,478) |
| (Loss) income before equity in net income of equity method investment | (19,759) | 23,984 |
| Equity in net income of equity method investment | 712 | 1,462 |
| Net (loss) income | $(19,047) | $25,446 |
| Other comprehensive income: | ||
| Foreign currency translation adjustments | 111 | 3 |
| Comprehensive (loss) income | $(18,936) | $25,449 |
| (Loss) earnings per share: | ||
| Basic (loss) earnings per share | $(1.51) | $2.05 |
| Diluted (loss) earnings per share | $(1.51) | $2.04 |
| Weighted average shares outstanding: | ||
| Basic | 12,579,588 | 12,442,781 |
| Diluted | 12,579,588 | 12,478,215 |
4 Includes $1,106 and $2,810 of net sales for the years ended February 1, 2025 and February 3, 2024, respectively, which is with a related party.
5 Includes royalty expense of $13,963 and $9,486 for the years ended February 1, 2025 and February 3, 2024, respectively, which is with a related party. Includes cost of products sold of $38 and $1,299 for the years ended February 1, 2025 and February 3, 2024, respectively, which is with another related party.
6 Includes SG&A expenses of $625 and $1,288 for the years ended February 1, 2025 and February 3, 2024, respectively, which is with a related party.
7 Includes capitalized PIK interest with the Third Lien Credit Facility of $4,515 and $4,026 for the years ended February 1, 2025 and February 3, 2024, respectively, which was with a former related party.
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