<!DOCTYPE html><html lang="en"><head><meta http-equiv="origin-trial" content="A/kargTFyk8MR5ueravczef/wIlTkbVk1qXQesp39nV+xNECPdLBVeYffxrM8TmZT6RArWGQVCJ0LRivD7glcAUAAACQeyJvcmlnaW4iOiJodHRwczovL2dvb2dsZS5jb206NDQzIiwiZmVhdHVyZSI6IkRpc2FibGVUaGlyZFBhcnR5U3RvcmFnZVBhcnRpdGlvbmluZzIiLCJleHBpcnkiOjE3NDIzNDIzOTksImlzU3ViZG9tYWluIjp0cnVlLCJpc1RoaXJkUGFydHkiOnRydWV9">
  
<script type="text/javascript" async="" src="https://www.google-analytics.com/analytics.js"></script><script type="text/javascript" async="" src="https://www.googletagmanager.com/gtag/js?id=UA-113590965-4&amp;l=dataLayer&amp;cx=c"></script><script type="text/javascript" async="" charset="utf-8" src="https://www.gstatic.com/recaptcha/releases/EGbODne6buzpTnWrrBprcfAY/recaptcha__en.js" crossorigin="anonymous" integrity="sha384-zYfvuq6xV6aLevocYkVfLId59jcIkDZniQX2TsTt9LIa0Tf1ORHFh4oKI1naLgGF"></script><script async="" src="https://www.googletagmanager.com/gtag/js?id=G-REPSH58KSM"></script>


<script async="" src="https://www.googletagmanager.com/gtm.js?id=GTM-5KBPWNG"></script>


<meta charset="utf-8">
<meta http-equiv="content-language" content="en">
<meta name="google" content="notranslate">
<title>VNCE - Earnings call transcript Q2 2025 | Vince Holding Corp.</title>

<meta property="og:title" content="VNCE - Earnings call transcript Q2 2025">
<meta property="og:description" content="2025 Q2 earnings call transcript for Vince Holding Corp.">
<meta property="og:image" content="https://files.capedge.com/images/logo/1579157.png">
<meta property="og:url" content="https://capedge.com/transcript/1579157/2025Q2/VNCE">

<meta property="og:type" content="website">
<meta name="twitter:card" content="summary_large_image">

<meta name="viewport" content="width=device-width, initial-scale=1.0, maximum-scale=1.0, user-scalable=no, shrink-to-fit=no">
<link rel="stylesheet" href="/css/style.css?v=20240921T122502">
<link rel="icon" sizes="32x32" type="image/png" href="/img/icon-200.png">
<link rel="apple-touch-icon" sizes="200x200" href="/img/icon-200.png">
<link rel="canonical" href="https://capedge.com/transcript/1579157/2025Q2/VNCE">



</head>
<body class="plan-free no-sidebar-wrap">

  <a name="pageTop" id="pageTop"></a>

  <div id="alert-container"></div>

  <div class="d-lg-none" id="mobile-mode-canary"></div>

  <div id="main-container">

    <div id="above-footer">

      <div class="container">

        <div class="row align-items-center py-3 py-lg-2 d-print-none">
          <div class="col-4 col-lg-3 order-1 pr-0">
            <a href="/user/dashboard" id="logo-container"><img src="/img/capedge-logo-by-finsight.svg?v=20240921T122502" alt="CapEdge" width="174" height="37"></a>
          </div>
          <div class="col-12 col-lg order-3 order-lg-2 pt-3 pt-lg-0">
            
<form action="/search" method="get" id="mainSearchForm" spellcheck="false" autocomplete="off" role="search">
    <div class="input-group">
        <div class="tokenInput tokeninput-container tokeninput-empty flex-grow-1 form-control header-search">
            <input id="searchInput" type="search" name="q" placeholder="Search by ticker, company or words in SEC filings" value="" tabindex="1" autocomplete="off" autocorrect="off" autocapitalize="off" style="width: 100%;">
            <script class="tokeninput-data" type="application/json">
            {
                "resultDataProp":"suggestions",
                "resultTextProp":"name",
                "resultValueProp":"value",
                "url":"/search/suggestions?profiles=true&q=$query&ctxType=company&ctxVal=1579157",
                "values":[],
                "type":"lookup",
                "completionGroups" : {
                    "profiles" : { "heading" : "Filing Profile", "newOption" : false },
                    "searches" : { "heading" : "Search Across Filings, News and Transcripts", "newOption" : false }
                },
                "autoSuggestMode":true
            }
            </script>
        </div>
        <div id="searchLoading">Loading</div>
        <div id="searchAdvanced" class="d-none"><a href="/help/search" tabindex="2">Advanced</a></div>
    </div>
</form>

          </div>
          <div class="col-8 col-lg-3 order-2 order-lg-3">
            

<div class="d-flex justify-content-end align-items-center user-action-buttons">
	
	<a href="https://help.capedge.com/release-notes/" target="_blank" class="mr-4 text-decoration-none header-help-link"><span class="d-xxl-none"><i class="fe fe-help-circle d-block"></i></span><span class="d-none d-xxl-block"><i class="fe fe-info"></i> What's new?</span></a>

	<div class="btn-toolbar align-items-center" role="toolbar" id="favourites-toolbar">
		<div class="btn-group" role="group">
			
					<button type="button" id="btn-toggle-favourites" class="btn top-level active" data-toggle="tooltip" data-placement="bottom" title="" data-click-toggle="favourites-col" data-original-title="Toggle favorites"><i class="fe fe-star"></i></button>
				
					<button type="button" id="btn-toggle-alerts" class="btn top-level" data-toggle="tooltip" data-placement="bottom" title="" data-click-toggle="alerts-col" data-original-title="Toggle alert feed"><i class="fe fe-bell"></i></button>
				
					<button type="button" id="btn-toggle-notes" class="btn top-level" data-toggle="tooltip" data-placement="bottom" title="" data-click-toggle="notes-col" data-original-title="Toggle note list"><i class="fe fe-edit"></i></button>
				
			<div class="btn-group" role="group">
				<button class="btn top-level dropdown-toggle user-plan-free" type="button" data-toggle="dropdown" aria-haspopup="true" aria-expanded="false">TS</button>
				<div class="dropdown-menu dropdown-menu-right">
					<a class="dropdown-item" href="/user/edit">
						<i class="dropdown-icon fe fe-user"></i>Edit profile
					</a>
					<a class="dropdown-item" href="/user/changepassword">
						<i class="dropdown-icon fe fe-shield"></i>Change password
					</a>
					<a class="dropdown-item" href="/user/settings">
						<i class="dropdown-icon fe fe-sliders"></i>Email settings
					</a>
					<a class="dropdown-item" href="/user/myaccount">
						<i class="dropdown-icon fe fe-info"></i>Manage my account
					</a>
					<a class="dropdown-item" href="/user/support">
						<i class="dropdown-icon fe fe-life-buoy"></i>Support
					</a>
					<div class="dropdown-divider"></div>
					<div class="dropdown-item">
						<form action="/user/logout" method="post">
							<button type="submit" class="btn btn-sm btn-outline-primary w-100">Logout</button>
						</form>
					</div>
				</div>
			</div>
		</div>
	</div>
</div>



          </div>
        </div>

        
<div class="row d-print-none">
    <div class="col">
        <ul class="nav nav-tabs align-items-center" id="primary-menu" data-test="menuMain">
			
			<li class="nav-item" data-test="menuMainItem">
				<a class="nav-link" href="/">Home</a>
			</li>
			
			
			<li class="nav-item" data-test="menuMainItem">
				<a class="nav-link" href="/sector"><span class="d-none d-lg-inline">Sectors &amp; Industries</span><span class="d-lg-none">Sectors</span></a>
			</li>
			
			<li class="nav-item separator"></li>
			
			
			<li class="nav-item" data-test="menuMainItem">
				<a class="nav-link" href="/earnings-calendar">Earnings</a>
			</li>
			
			
			<li class="nav-item" data-test="menuMainItem">
				<a class="nav-link" href="/ipo-calendar">IPOs</a>
			</li>
			
			
			<li class="nav-item" data-test="menuMainItem">
				<a class="nav-link" href="/spacs">SPACs</a>
			</li>
			
			
			<li class="nav-item" data-test="menuMainItem">
				<a class="nav-link" href="/transcript/by/companyId/all">Transcripts</a>
			</li>
			
			<li class="nav-item separator"></li>
			
			
			<li class="nav-item" data-test="menuMainItem">
				<a class="nav-link" href="/insider">Insider</a>
			</li>
			
			
			<li class="nav-item" data-test="menuMainItem">
				<a class="nav-link" href="/institutional">Institutional</a>
			</li>
			
			<li class="nav-item separator"></li>
			
			
			<li class="nav-item" data-test="menuMainItem">
				<a class="nav-link" href="/crypto">Crypto</a>
			</li>
			
			
			<li class="nav-item" data-test="menuMainItem">
				<a class="nav-link" href="/screener/stock">Screeners</a>
			</li>
			
			
			<li class="nav-item" data-test="menuMainItem">
				<a class="nav-link" href="/social">Reddit</a>
			</li>
			
			
			<li class="nav-item" data-test="menuMainItem">
				<a class="nav-link" href="/stock-split-calendar">Splits</a>
			</li>
			
			
			<li class="nav-item right" data-test="menuMainItem">
				<a class="nav-link" href="/user/dashboard">My Dashboard</a>
			</li>
			
			
		</ul>
	</div>
</div>

        
        <div class="row flex-nowrap pb-5" id="columns-row" data-open="1">

            
            <div class="col order-2 sticky-scrolly user-feed-col mobile-toggle-only-one d-print-none " id="favourites-col">
              
<div class="">
	<div class="btn-toolbar align-items-center w-100" role="toolbar" id="favourites-toolbar">
		<div class="mr-auto toolbar-title" data-count="0">Favorites</div>
		<div class="btn-group" role="group">
			<button type="button" class="btn btn-sm" data-toggle="modal" data-target="#modalAddFavourite"><i class="fe fe-plus-circle"></i></button>
			<button type="button" class="btn btn-sm d-md-none" data-click-toggle="favourites-col"><i class="fe fe-x"></i></button>
		</div>
	</div>
</div>

<div class="br">
	<ul id="favourites-list" class="list-unstyled mb-0 w-100 empty-placeholder" data-count="0"></ul>
</div>
            </div>
            <div class="col order-3 sticky-scrolly user-feed-col mobile-toggle-only-one d-print-none  collapsed" id="alerts-col">
              <div class="">
	<div class="btn-toolbar align-items-center w-100" role="toolbar" id="alerts-toolbar">
		<div class="mr-auto toolbar-title">Alert feed</div>
		<div class="btn-group" role="group">
			<button type="button" class="btn btn-sm" data-toggle="modal" data-target="#modalAlertSettings" id="btn-alert-config"><i class="fe fe-settings"></i></button>
			<button type="button" class="btn btn-sm d-md-none" data-click-toggle="alerts-col"><i class="fe fe-x"></i></button>
		</div>
	</div>
</div>

<div class="br">
	<ul id="alerts-list" class="list-unstyled mb-0 block-list w-100 empty-placeholder">
    </ul>

</div>
            </div>
            <div class="col order-4 sticky-scrolly user-feed-col mobile-toggle-only-one d-print-none  collapsed" id="notes-col">
              
<div>
	<div class="btn-toolbar align-items-center w-100" role="toolbar" id="notes-toolbar">
		<div class="mr-auto toolbar-title" data-count="0">Notes</div>
		<div class="btn-group" role="group">
			<div>
				<div id="add-note-recaptcha" class="g-recaptcha" data-sitekey="6Le1YlooAAAAAIpAmJQ9Vu8FsSGGsncij4tpVSol" data-callback="recaptchaAddNote" data-size="invisible"><div class="grecaptcha-badge" data-style="bottomright" style="width: 256px; height: 60px; display: block; transition: right 0.3s; position: fixed; bottom: 14px; right: -186px; box-shadow: gray 0px 0px 5px; border-radius: 2px; overflow: hidden;"><div class="grecaptcha-logo"><iframe title="reCAPTCHA" width="256" height="60" role="presentation" name="a-p2s3wuosqlt8" frameborder="0" scrolling="no" sandbox="allow-forms allow-popups allow-same-origin allow-scripts allow-top-navigation allow-modals allow-popups-to-escape-sandbox allow-storage-access-by-user-activation" src="https://www.google.com/recaptcha/api2/anchor?ar=1&amp;k=6Le1YlooAAAAAIpAmJQ9Vu8FsSGGsncij4tpVSol&amp;co=aHR0cHM6Ly9jYXBlZGdlLmNvbTo0NDM.&amp;hl=en&amp;v=EGbODne6buzpTnWrrBprcfAY&amp;size=invisible&amp;cb=qxt6sfqfxqw4"></iframe></div><div class="grecaptcha-error"></div><textarea id="g-recaptcha-response" name="g-recaptcha-response" class="g-recaptcha-response" style="width: 250px; height: 40px; border: 1px solid rgb(193, 193, 193); margin: 10px 25px; padding: 0px; resize: none; display: none;"></textarea></div><iframe style="display: none;"></iframe></div>
				<button type="button" class="btn btn-sm prevent-double-click" id="add-note-button"><i class="fe fe-plus-circle"></i></button>
			</div>
			<div class="dropdown" id="note-sort">
				<button class="btn btn-sm" type="button" id="dropdownMenuButton" data-toggle="dropdown">
					<i class="fe fe-settings"></i>
				</button>
				<div class="dropdown-menu dropdown-menu-right">
					<h6 class="dropdown-header">Sort notes by</h6>
					
					<button class="dropdown-item active" data-sort="created">Created</button>
					
					<button class="dropdown-item" data-sort="updated">Updated</button>
					
					<button class="dropdown-item" data-sort="title">Alphabetical</button>
					
				</div>
			</div>
			<button type="button" class="btn btn-sm d-md-none" data-click-toggle="notes-col"><i class="fe fe-x"></i></button>
		</div>
	</div>
</div>

<div class="br">
	<ul id="notes-list" class="list-unstyled mb-0 block-list w-100 empty-placeholder" data-limit="" data-count="0" data-num-displayed="" data-per-page="20"></ul>
	<div id="note-list-end"></div>
</div>
            </div>
            

            <div class="col order-1 resp-container resp-sm resp-md" id="main-col" data-observe-resizes="true">

              <div class="d-flex flex-column">
                
                  
<div class="row mb-3 d-print-none secondary-menu-row order-2">
    <div class="col">
        <ul class="nav nav-tabs align-items-center px-4" id="secondary-menu" data-test="secondaryMenu">
            
                <li class="nav-item " data-test="secondaryMenuItem">
                    <a class="nav-link" href="/company/1579157/VNCE">
                        <span class="tab-ticker">VNCE</span> Dashboard
                    </a>
                </li>
                
                
                <li class="nav-item " data-test="secondaryMenuItem">
                    <a class="nav-link" href="/company/1579157/VNCE/financials">
                        Financials
                    </a>
                </li>
                
                
                <li class="nav-item " data-test="secondaryMenuItem">
                    <a class="nav-link" href="/company/1579157/VNCE/filings">
                        Filings
                    </a>
                </li>
                
                
                <li class="nav-item " data-test="secondaryMenuItem">
                    <a class="nav-link" href="/transcript/by/companyId/1579157">
                        Transcripts
                    </a>
                </li>
                
                <li class="nav-item separator"></li>
                
                
                <li class="nav-item " data-test="secondaryMenuItem">
                    <a class="nav-link" href="/company/1579157/VNCE/etfs">
                        ETFs
                    </a>
                </li>
                
                
                <li class="nav-item " data-test="secondaryMenuItem">
                    <a class="nav-link" href="/company/1579157/VNCE/insider-ownership-history">
                        Insider
                    </a>
                </li>
                
                
                <li class="nav-item " data-test="secondaryMenuItem">
                    <a class="nav-link" href="/company/1579157/VNCE/institutional-ownership-history">
                        Institutional
                    </a>
                </li>
                
                
                <li class="nav-item " data-test="secondaryMenuItem">
                    <a class="nav-link" href="/company/1579157/VNCE/short-interest">
                        Shorts
                    </a>
                </li>
                
                <li class="nav-item separator"></li>
                
                
                <li class="nav-item " data-test="secondaryMenuItem">
                    <a class="nav-link" href="/company/1579157/VNCE/news">
                        News
                    </a>
                </li>
                
                
                <li class="nav-item " data-test="secondaryMenuItem">
                    <a class="nav-link" href="/social/by/companyId/1579157">
                        Reddit
                    </a>
                </li>
                
                
                <li class="nav-item active" data-test="secondaryMenuItem">
                    <div class="nav-link" href="https://capedge.com/transcript/1579157/2025Q2/VNCE">
                        2025 Q2 Transcript
                    </div>
                </li>
                
                
        </ul>
    </div>
</div>
                  

                
                  
<div class="row align-items-center py-6">
    <div class="col">
        <h1 class="page-title" data-test="pageTitle">
            
                <span class="company-name">
                    Vince Holding
                    
                        (VNCE)
                        
                </span>
                
                
            
            <span class="banner-crumb">16 Sep 24</span><span class="banner-crumb">2025 Q2 Earnings call transcript</span>
        </h1>
        
        
        <div class="my-1 text-muted-dark">
            
            Company Profile
            
        </div>
        
    </div>
    
    
</div>

                
              </div>

              <div class="row" id="main-content-cols">
                
                <div class="col order-1 sticky-scrolly mobile-toggle-only-one d-print-none  default-sidebar-column" id="sidebar-col">
                  <div class="text-center mb-5 mobile-toggle-button-cont"><button type="button" class="btn btn-sm btn-outline-primary ml-auto" data-click-toggle="sidebar-col">&lt; Back</button></div>
                  <div class="transcript-sidebar">
    <div class="sidebar-annotations-container"><div class="annotator-editor card" style="display: none;">
  <form>
    <div class="card-header"><div class="card-title not-in-menu"><div class="d-block">Add <span class="annotation-type"></span></div></div></div>
    <div class="card-body">
      <ul class="annotator-listing"><li class="annotator-field form-group"><div class="quote" id="annotator-field-0" placeholder="Quote"></div></li><li class="annotator-field form-group"><textarea rows="3" class="form-control" id="annotator-field-1" placeholder="Comments…"></textarea></li><li class="annotator-field form-group"><label class="custom-switch pl-0"><input type="checkbox" class="custom-switch-input" id="annotator-field-2" placeholder="Visible to public"><span class="custom-switch-indicator"></span><span class="custom-switch-description">Visible to public</span></label></li><li class="annotator-field form-group"><input type="hidden" class="form-control" id="annotator-field-3" placeholder="In Reply To"></li></ul>
      <div class="annotator-controls d-flex justify-content-between">
        <button class="btn btn-primary annotator-save annotator-focus">Save <span class="annotation-type"></span></button>
        <button class="btn btn-link annotator-cancel">Cancel</button>
      </div>
    </div>
  </form>
</div><div class="annotator-viewer card" style="display: none;">
        <div class="card-header">
            <div class="card-title">Annotations</div>
            <button type="button" class="btn btn-light ml-auto mobile-toggle-button-cont" id="close-mobile-annotations"><i class="fe fe-x"></i></button>
        </div>
        <ul class="card-body annotator-listing"></ul>
    </div></div>
    <div class="card">
  <div class="card-header">
    <div class="card-title">Share this transcript</div>
  </div>
  <div class="card-body">
    <ul class="social-links list-inline mb-0">
      <li class="list-inline-item m-0">
        <a href="https://twitter.com/share?url=https%3A%2F%2Fcapedge.com%2Ftranscript%2F1579157%2F2025Q2%2FVNCE" target="_blank" rel="noreferrer noopener" data-toggle="tooltip" data-placement="top" title="" data-original-title="Share via Twitter"><i class="fe fe-twitter"></i></a>
      </li>
      <li class="list-inline-item m-0">
        <a href="https://www.linkedin.com/shareArticle?url=https%3A%2F%2Fcapedge.com%2Ftranscript%2F1579157%2F2025Q2%2FVNCE&amp;title=VNCE%20-%20Earnings%20call%20transcript%20Q2%202025%20%7C%20Vince%20Holding%20Corp." target="_blank" rel="noreferrer noopener" data-toggle="tooltip" data-placement="top" title="" data-original-title="Share via LinkedIn"><i class="fe fe-linkedin"></i></a>
      </li>
      <li class="list-inline-item m-0">
        <a href="mailto:?subject=VNCE%20-%20Earnings%20call%20transcript%20Q2%202025%20%7C%20Vince%20Holding%20Corp.&amp;body=https%3A%2F%2Fcapedge.com%2Ftranscript%2F1579157%2F2025Q2%2FVNCE" data-toggle="tooltip" data-placement="top" title="" data-original-title="Share via Email"><i class="fe fe-mail"></i></a>
      </li>
      <li class="list-inline-item m-0">
        <a href="#" id="print-button" data-toggle="tooltip" data-placement="top" title="" data-original-title="Print"><i class="fe fe-printer"></i></a>
      </li>
      <li class="list-inline-item mr-0">
        <a href="#" id="copy-link-button" data-toggle="tooltip" data-placement="top" title="" data-original-title="Copy URL to clipboard"><i class="fe fe-link"></i></a>
      </li>
    </ul>
  </div>
</div>

    
<div class="card">
    <div class="card-header">
        <div class="card-title">Recent VNCE transcripts</div>
    </div>
    <ul class="container transcript-sidebar-list list-unstyled">
        
            <li>
                
<a class="row item-row d-block transcript active" href="/transcript/1579157/2025Q2/VNCE">
    <div class="d-flex">
        
        
        
        <div class="title label-col">Earnings call transcript</div>
        
        
        
        <div class="filing-type-col">
            <div class="filing-period">2025 Q2</div>
        </div>
        <div class="date">16 Sep 24</div>
    </div>
    
</a>

            </li>
        
            <li>
                
<a class="row item-row d-block transcript" href="/transcript/1579157/2025Q1/VNCE">
    <div class="d-flex">
        
        
        
        <div class="title label-col">Earnings call transcript</div>
        
        
        
        <div class="filing-type-col">
            <div class="filing-period">2025 Q1</div>
        </div>
        <div class="date">18 Jun 24</div>
    </div>
    
</a>

            </li>
        
            <li>
                
<a class="row item-row d-block transcript" href="/transcript/1579157/2024Q4/VNCE">
    <div class="d-flex">
        
        
        
        <div class="title label-col">Earnings call transcript</div>
        
        
        
        <div class="filing-type-col">
            <div class="filing-period">2024 Q4</div>
        </div>
        <div class="date">30 Apr 24</div>
    </div>
    
</a>

            </li>
        
            <li>
                
<a class="row item-row d-block transcript" href="/transcript/1579157/2024Q3/VNCE">
    <div class="d-flex">
        
        
        
        <div class="title label-col">Earnings call transcript</div>
        
        
        
        <div class="filing-type-col">
            <div class="filing-period">2024 Q3</div>
        </div>
        <div class="date">6 Dec 23</div>
    </div>
    
</a>

            </li>
        
            <li>
                
<a class="row item-row d-block transcript" href="/transcript/1579157/2024Q2/VNCE">
    <div class="d-flex">
        
        
        
        <div class="title label-col">Earnings call transcript</div>
        
        
        
        <div class="filing-type-col">
            <div class="filing-period">2024 Q2</div>
        </div>
        <div class="date">12 Sep 23</div>
    </div>
    
</a>

            </li>
        
    </ul>
</div>



    
<div class="card">
    <div class="card-header">
        <div class="card-title">Associated VNCE filings</div>
    </div>
    <ul class="card-body filing-sidebar-list list-unstyled mb-0">
        
            <li class="clearfix ">
    <a href="/filing/1579157/0000950170-24-107021/10Q-2025Q2" class="text-truncate filing-link">
        
        <span class="filing-date">2025 Q2</span>
        
        
        <span class="text-nowrap filing-type type-10Q type-financial">10-Q</span>
        
        <span class="filing-description ">Quarterly report</span>
    </a>
    
</li>

        
    </ul>
</div>



</div>

                </div>
                
                <div class="col order-2">


<button type="button" class="btn btn-sm btn-outline-primary mb-5 mx-auto d-block mobile-toggle-button-cont" data-click-toggle="sidebar-col"><i class="fe fe-more-vertical"></i> Transcript menu</button>

<div class="card transcript">
    <div class="card-header">
        <div class="card-title">Participants</div>
    </div>
    <div class="card-body">
        <table class="participant-list">
            
            <tbody><tr class="participant">
                <td class="name">Akiko Okuma</td>
                <td class="role">executive</td>
            </tr>
            
            <tr class="participant">
                <td class="name">David Stefko</td>
                <td class="role">executive</td>
            </tr>
            
            <tr class="participant">
                <td class="name">John Szczepanski</td>
                <td class="role">executive</td>
            </tr>
            
            <tr class="participant">
                <td class="name">Eric Beder</td>
                <td class="role">analyst</td>
            </tr>
            
            <tr class="participant">
                <td class="name">Michael Kupinski</td>
                <td class="role">analyst</td>
            </tr>
            
        </tbody></table>
    </div>
</div>





<div class="card transcript">
    <div class="card-header">
        <div class="card-title">Call transcript</div>
    </div>
    <div class="card-body transcript-container">
        
        
        
            <div class="speech">
                <div class="participant-name">Operator</div>
                <div class="content">
                    <p>Good afternoon. Thank you for attending the Vince Second Quarter 2024 Earnings Conference Call. My name is Victoria, and I'll be your moderator today. [Operator Instructions]
I would now like to pass the conference over to your host, Akiko Okuma. Thank you.</p>
                        <p>You may proceed, Akiko.</p>
                        
                </div>
            </div>
        
            <div class="speech">
                <div class="participant-name">Akiko Okuma</div>
                <div class="content">
                    <p>Thank you, and good afternoon, everyone. Welcome to Vince Holding Corp.</p>
                        <p>Second Quarter Fiscal 2024 Results Conference Call. Hosting the call today is Dave Stefko, Interim Chief Executive Officer; and John Szczepanski, Chief Financial Officer.</p>
                        <p>Before we begin, let me remind you that certain statements made on this call may constitute forward-looking statements which are subject to risks and uncertainties that could cause actual results to differ from those that the company expects. Those risks and uncertainties are described in today's press release and in the company's SEC filings, which are available on the company's website. Investors should not assume that statements made during the call will remain operative at a later time, and the company undertakes no obligation to update any information discussed on the call.</p>
                        <p>In addition, in today's discussion, the company is presenting its financial results in conformity with GAAP and on an adjusted basis. The adjusted results that the company presents today are non-GAAP measures. Discussions of these non-GAAP measures and information on reconciliations of them to their most comparable GAAP measures are included in today's press release and related schedules, which are available in the Investors section of the company's website at investors.vince.com.</p>
                        <p>Now I'll turn the call over to Dave.</p>
                        
                </div>
            </div>
        
            <div class="speech">
                <div class="participant-name">David Stefko</div>
                <div class="content">
                    <p>Thank you, Akiko, and thank you, everyone, for joining us this afternoon. I will begin with a review of highlights from our second quarter performance before turning the call over to John to discuss our financial results and outlook in more detail. Overall, we are pleased with our second quarter results. We delivered sales growth of nearly 7% and adjusted operating margin of 1.5% driven by 80 basis points of gross margin expansion and ongoing disciplined expense management. These results exceeded our guidance as we benefited from the timing of wholesale orders, which shipped earlier than expected. That said, excluding the benefit from these earlier shipments, our underlying wholesale business was solid and performed in line with our expectations as we have now normalized our off-price business and are seeing strong demand across our key partners.
The strength in our wholesale business helped to offset softer performance in our direct-to-consumer business, which continued to be impacted by our pullback in promotional activity across our store and e-commerce channels, as well as a lower mix of markdown units due to tight inventory management and fewer stores compared to the prior year. This was particularly felt in the latter part of the quarter which is a typical sale period across retail and customers are less inclined to pay full price per product, especially ahead of the fall season.</p>
                        <p>So despite seeing healthier traffic trends in the quarter, our focus on maintaining a strong full price assortment weighed on conversion during the period.</p>
                        <p>However, taking into account these dynamics, we are pleased to continue to drive a year-over-year mid-single-digit growth rate in our full price customer file in the quarter.</p>
                        <p>During the quarter, we saw strength across both our women's and men's businesses. In women's, customers gravitated toward our sweaters and our knit tops and bottoms.</p>
                        <p>In addition, our men's customer continued to respond well to our linen program as well as our knit T-shirts as he shops with a much more buy now, wear now mindset.</p>
                        <p>We are looking forward to continuing to expand our men's business and in the fall season, we are excited for our newly launched enhanced bottoms program, which highlights an elevated product offering a broader range of fits with superior telling fabrics at a competitive retail price.
This was the first quarter for Vince where we had men's in all Nordstrom doors.</p>
                        <p>We are excited by the good response to both our men's and women's products during the annual anniversary sale, which drove record results for us this year. Once again, Vince was mentioned by Nordstrom's on its last earnings call as one of its strong brands in Vince apparel this past quarter. Nordstrom continues to be a strong partner and together, we're working closely on initiatives to enhance Vince experience in their stores.
Along with our relationship with Nordstrom, we are continuing to see solid demand across other key wholesale partners and are pleased to be in a healthier inventory position to better fulfill demand and capitalize on replenishment orders in season.</p>
                        <p>As we enter the fall season, we lean into key franchise categories for events that we have highlighted in our future heritage campaign, which was recently highlighted in Womenswear Daily and Forbes. The campaign features leathers and cashmeres as well as suede, tweed and cloud patterns.
Through this campaign, we are continuing to invest into more top of funnel marketing as we look to amplify our brand awareness.</p>
                        <p>In addition to our brand marketing investments, as we head into the second half of the year, we are working to drive customer acquisition via new traffic driving and targeted audience campaigns.</p>
                        <p>We have plans to continue to enhance our customer acquisition efforts through initiatives focused on increasing lifetime value across our customer base especially across our top 10% of customers who represent nearly 40% of demand across full price direct-to-consumer.
The teams are finalizing the plans this month with respect to this initiative, so we're well positioned to launch ahead of the holiday quarter.</p>
                        <p>As we have moved into fall, we're also seeing a greater engagement with our customer across key marketing channels.</p>
                        <p>Our fall launch teaser was our top-performing social media post for August.</p>
                        <p>Our e-mail highlighting our fall look book outperformed last year's message and our fall direct mail significantly outperformed last year's mailing as the fall collection is resonating with customers.</p>
                        <p>As we look ahead beyond this fall, we continue to see a long runway for growth for Vince through ongoing customer acquisition, growth of our men's business, new store openings and international expansion. With respect to our international business, we are seeing solid sales growth from our first London store and are evaluating potential opportunities to expand in that region over time.</p>
                        <p>We continue to see opportunities within Europe to expand our presence, but we will be taking a more measured approach to the rest of the world as we are navigating a dynamic environment, particularly in China.</p>
                        <p>We have recently made the decision, along with our operating partner to pause our operations in China and focus on efforts in regions that have greater productivity and profitability opportunity at the moment. This decision does not have a material impact on our financial results or outlook and we expect the 2 test stores will be closed before the end of the fiscal year.</p>
                        <p>Our focus today is to position Vince for long-term sustainable growth, and we believe through the actions and strategies we are executing, we are delivering on this objective. A key element of this progress is our transformation plan. And through our team's efforts at the end of the second quarter, we are ahead of our midyear fiscal 2024 target.</p>
                        <p>In addition to our work, we are also maintaining a strong relationship with Authentic through our strategic partnership in ABG Vince. ABG Vince recently launched its Peerless cement suiting collection under the Vince label in select wholesale partners and expects to launch a Centric Brands collection of handbags, belts, and small leather goods under the Vince label beginning in 2025.
In closing, we are pleased with our first half results and the progress we are making across our businesses.</p>
                        <p>While we have seen some improvement in trends in our direct-to-consumer channel into September, we believe it is prudent to update our sales guidance for the year to reflect a more cautious top line outlook given the increasingly uncertain environment, with respect to consumer spending and the potential impact from the shorter holiday shopping season as well as the upcoming November election.
That said, our wholesale business continued to remain on track with our expectations, and we are very pleased to raise our profitability outlook despite the change in our overall top line expectations. I want to thank all of our teams as they continue to execute and deliver on our objectives while maintaining a strong focus on strengthening our relationships with our customers and wholesale partners.</p>
                        <p>We have strong confidence in the future for Vince and are committed to continuing to position Vince for long-term success.</p>
                        <p>Our Board recently approved a stock repurchase program and as John will review, we intend to continue to be disciplined stewards of capital with a strong focus on investing in our business, executing on our operating model and delivering value to all our stakeholders.
I'll now turn it over to John to discuss our financial results and outlook in more detail. John?</p>
                        
                </div>
            </div>
        
            <div class="speech">
                <div class="participant-name">John Szczepanski</div>
                <div class="content">
                    <p>Thank you, Dave, and good afternoon, everyone.</p>
                        <p>As Dave discussed, we're pleased with our overall second quarter results as we delivered sales and adjusted operating margin above our guidance expectations driven by earlier-than-expected shipments in our wholesale channel as well as ongoing execution of an improved full price business, disciplined expense management and execution of our transformation plan objectives.</p>
                        <p>Turning now to our results in more detail. Total company net sales for the second quarter increased 6.8% to $74.2 million compared to $69.4 million in the second quarter of fiscal 2023, which included an immaterial amount of sales from the Rebecca Taylor and Parker segment, which has been wound down. The year-over-year increase in total company net sales was driven by a 29.6% increase in our wholesale segment as we capitalized on our inventory availability to meet demand, resulting in earlier-than-expected shipments at the end of the quarter.</p>
                        <p>Excluding the benefit from these earlier shipments, our total sales results would have been more in line with the lower end of our guidance expectations as our underlying wholesale channel performed in line with our expectations, as Dave reviewed. This performance was partially offset by an 18.1% decline in our direct-to-consumer segment, which was impacted by the closure of 2 full-price stores and 3 outlet stores as well as the temporary closure of one of our full-price stores due to renovations. Store closures negatively impacted direct-to-consumer sales by 440 basis points in the period. And the remainder of the year-over-year decline was primarily attributed to lower markdown sales given our ongoing efforts to pull back on promotions despite being a typical sale period for the industry, particularly in the later part of the quarter.</p>
                        <p>Excluding the impact from store closures, we continue to see stores outperform e-commerce and attribute some of this to a greater impact through the pullback on promotions on the online business compared to stores.</p>
                        <p>As Dave noted, we're pleased with the full-price business we are driving. Gross profit in the second quarter was $35.1 million or 47.4% of net sales. This compares to $32.3 million or 46.6% of net sales in the second quarter of last year. The increase in gross margin rate was driven by approximately 510 basis points related to lower promotional activity, lower discounting, higher pricing and lower freight costs, driven in part by actions related to our transformation plan.
These factors were partially offset by 220 basis points unfavorable impact from channel mix. and royalty expenses of 180 basis points associated with the licensing agreement with Authentic Brands Group. Selling, general and administrative expenses in the quarter were $34 million or 45.8% of net sales as compared to $31.5 million or 45.4% of net sales for the second quarter of last year. The increase in SG&amp;A dollars was primarily driven by a $2 million increase in rent and occupancy costs, mainly due to lease adjustments in the prior year.</p>
                        <p>In addition, during the quarter, we incurred $1.8 million in severance and incentive compensation expenses that we did not incur in the prior year period.
These costs were partially offset by $2 million of expense favorability compared to the prior year due to transaction-related expenses related to the ABG deal.</p>
                        <p>Given the complex year-over-year dynamics with the timing of the ABG transaction, the wind down of the Rebecca Taylor business, the severance expenses incurred this year and the reestablishment of our incentive compensation program. It is worth noting that excluding these impacts, we leveraged our core operating cost structure in Q2 due to our ongoing disciplined expense management.
Operating income for the second quarter was $1.1 million compared to an operating income of $32.9 million in the same period last year.</p>
                        <p>Following the completion of the sales 75% of the Vince brand IP to Authentic Brands Group in the second quarter of fiscal 2023, the company realized a gain of $32 million and incurred transaction-related expenses of $2 million.</p>
                        <p>Excluding these onetime items, adjusted operating income was $2.8 million.
Adjusted operating margin declined approximately 260 basis points compared to the prior year, driven primarily by the favorability from lease adjustments in the prior year period of about 280 basis points as well as a 240 basis point impact from severance expenses related to actions taken to streamline our leadership structure and increases in reestablishing our incentive compensation program.</p>
                        <p>In addition, our adjusted operating margin benefited from gross margin expansion despite incurring 170 basis points related to royalty expenses. This performance exceeded our expectations as we diligently managed expenses during the period. Net interest expense for the second quarter decreased to $1.7 million compared to $4.1 million the prior year. The decrease was primarily driven by expenses related to refinancing transactions in the prior year as well as the year-over-year reduction in debt.
Income tax benefit for the second quarter was $0.8 million due to the reversal of the $0.8 million of ordinary tax expense recorded during the first quarter of fiscal 2024 as the company has a year to date ordinary pretax losses for the interim period, and is anticipating annual ordinary pretax income for the year. The company has determined that it is more likely than not that the tax benefit of the year-to-date loss will not be realized in the current or future years. And as such, the company should not recognize tax provisions for the interim period until the company has year-to-date ordinary pretax income.
The tax benefit in the second quarter of fiscal 2024 compares to an income tax benefit of $0.6 million in the same period last year. Net income for the second quarter was $0.6 million or earnings per share of $0.05 compared to net income of $29.5 million or earnings per share of $2.36 in the second quarter last year. The prior year period includes onetime items related to the Vince IP sale gain and transaction expenses.</p>
                        <p>Excluding these items, adjusted net loss in the second quarter of fiscal 2023 was $0.5 million or a loss per share of $0.04.</p>
                        <p>Moving to the balance sheet. Net inventory was $66.3 million at the end of the second quarter as compared to $85 million at the end of the second quarter last year.</p>
                        <p>As we're continuing to take a disciplined approach to investing back into inventory to help support the growth we are seeing in our wholesale channel, we now expect inventory for fiscal 2024 to be up low single digits to fiscal 2023 as we expect increased demand for our products for the spring 2025 selling season based on the success we have seen to date with our wholesale partners.
With a healthier balance sheet in place, we are committed to continuing to execute our operating model, while investing in our growth and delivering value to shareholders. The Board has authorized a stock repurchase program for up to $1 million of common stock, that is expected to be funded through existing cash and future free cash flow. The timing, manner, price and amount of any repurchases are dependent on many factors and will be made in the best interest of the company as detailed in our release.</p>
                        <p>Turning now to our outlook for the balance of the year.</p>
                        <p>As a reminder, starting with the third quarter of fiscal 2024, we will have anniversaried periods of noncomparable royalty expenses and noncomparable expense favorability due to the wind down of Rebecca Taylor. And therefore, Q3 will be our first full quarter in which we are comparing a more like-for-like business model.</p>
                        <p>In addition, we're in a much healthier position from a liquidity perspective this year, and we're able to invest into inventory in a much more balanced approach for the fall season this year.</p>
                        <p>For Q3 fiscal 2024, we expect total net sales to be flat to down low single digits relative to the prior year. This expectation takes into account the earlier-than-expected timing of wholesale shipments, which benefited Q2 as well as the expected ongoing impact of more disciplined promotional activity in our DTC channel.</p>
                        <p>As we have said, while these actions have near-term impacts on top line, we believe they better support the long-term health of our business. With respect to the operating margin, we expect Q3 fiscal 2024 operating margin to increase approximately 350 to 450 basis points compared to last year's adjusted operating margin of 3.7%.</p>
                        <p>We expect improved full price penetration, disciplined promotions and the impact of our transformation initiatives to be the primary drivers of the operating margin increase, somewhat offset by SG&amp;A deleverage from incentive compensation.
With respect to our full year fiscal 2024 outlook, which as a reminder, is a 52-week fiscal year, we now expect total net sales to decline in the low single-digit range compared to the 53-week fiscal 2023.</p>
                        <p>While our guidance for our wholesale channel has not changed, we have revised the embedded expectation for our DTC channel.</p>
                        <p>While we have seen an improvement in trends heading into September, we believe it prudent given the increased uncertainty around the consumer environment heading into the second half to take a more conservative approach to our outlook as Dave reviewed.
Despite the revision in our sales outlook, we now expect adjusted operating margin to increase 25 to 50 basis points compared to fiscal 2023 adjusted operating margin.</p>
                        <p>We expect the impact of royalty fees through May 2024, which were not incurred in the comparable fiscal 2023 period to impact operating margin performance by approximately 140 basis points and expect to offset this headwind through ongoing gross margin expansion and disciplined expense management, driven in part by our transformation efforts. </p>
                        <p>As Dave reviewed, we are pleased with the progress we're making with our transformation plan and are seeing better-than-expected results at the midpoint of the year, especially in the gross margin expansion we delivered to date.</p>
                        <p>As a reminder, about half of our total savings from the transformation plan are expected to come from product cost efficiencies with no compromises to quality with the balance driven by targeted initiatives to improve pricing, improve the cadence and discipline of promotions and reduce operating expenses.</p>
                        <p>As we look beyond this year, we continue to believe in the opportunity we see in front of us. and are confident in our plans to deliver long-term profitable growth.
This concludes our remarks. I will now turn it over to the operator to open the call for questions.</p>
                        
                </div>
            </div>
        
            <div class="speech">
                <div class="participant-name">Operator</div>
                <div class="content">
                    <p>[Operator Instructions] Our first question comes from the line of Eric Beder with SCC Research.</p>
                        
                </div>
            </div>
        
            <div class="speech">
                <div class="participant-name">Eric Beder</div>
                <div class="content">
                    <p>Congratulations on the progress.</p>
                        
                </div>
            </div>
        
            <div class="speech">
                <div class="participant-name">David Stefko</div>
                <div class="content">
                    <p>Thanks Eric.</p>
                        
                </div>
            </div>
        
            <div class="speech">
                <div class="participant-name">Eric Beder</div>
                <div class="content">
                    <p>Want to talk a little bit about something embedded -- some of the pieces embedded in your guidance.</p>
                        <p>So on the wholesale, you had basically things you believe going to shift to Q3 shifting to Q2. What are you thinking in terms of potential reorders or other pieces here that can kind of help with the wholesale business. And are you with the inventories you have able to fulfill increased demand from wholesale if it does come through and the product that was shifting Q2 leased to want to be more aggressive potentially in getting shipments in earlier this year.</p>
                        
                </div>
            </div>
        
            <div class="speech">
                <div class="participant-name">John Szczepanski</div>
                <div class="content">
                    <p>Eric, good question.</p>
                        <p>So first, we think it's always an advantage to have product on the floor. It does drive our reorder business. And there's -- that is a core component to our operating model. We think we have the right balance of inventory now that we've been able to reinvest given our liquidity position, we think we have the right balance of inventory for not just our wholesale channel but also our DTC channel to be effective in the second half of the year.</p>
                        
                </div>
            </div>
        
            <div class="speech">
                <div class="participant-name">Eric Beder</div>
                <div class="content">
                    <p>And what should we be thinking about in terms -- I know you mentioned you're closing the stores in Asia with your partner and there's the potential down the road to increase London or Europe in general. What should we be thinking about in terms of the domestic business? As you mentioned, you were net 5 stores down in Q2. When should we be thinking about the opportunities here? And I guess if there are opportunities, what you would think in terms of when you might be potentially able to expand the own-store network here in the U.S.</p>
                        
                </div>
            </div>
        
            <div class="speech">
                <div class="participant-name">David Stefko</div>
                <div class="content">
                    <p>Yes, Eric, we are -- I mean we are looking at opportunities in the U.S. as we speak. There are -- as you know, we have pretty much a fair amount of white space in the U.S. We're heavily concentrated in cities like New York, Los Angeles, Miami, but not very concentrated in things like Chicago and Denver and Houston and Dallas. And markets, great growth markets like Nashville, where we don't have any stores at all.</p>
                        <p>So we are actively looking at opportunities. And as we find opportunities that fit our model and ROI, we'll be making future investments.</p>
                        
                </div>
            </div>
        
            <div class="speech">
                <div class="participant-name">Eric Beder</div>
                <div class="content">
                    <p>Okay. And last question.</p>
                        <p>You mentioned, and I've seen it in the stores, the expansion of men's with the pants business. And one of the things we've seen is that the amount of colors have continued to increase, and I'm assuming that's part of the ability to respond to inventory. I know you've talked previously about the goal of getting to about 30% of men's in, I believe, it's 3 years. Is that goal still there? And kind of what we'll be seeing kind of in the back half here in terms of Vince's expansion?</p>
                        
                </div>
            </div>
        
            <div class="speech">
                <div class="participant-name">David Stefko</div>
                <div class="content">
                    <p>Thanks, Eric.</p>
                        <p>So yes, we have seen expansion in our men's business where we sit today through the first 6 months versus the prior year. The men's pant program, obviously, is a new opportunity for us. I mean thank you for recognizing the breadth of the product that we've put out. We've just had our first quarter with Nordstrom's being in all men's stores, we do speak with other wholesale partners about growth opportunities. And we are making further investments as we see the results of the men's bottoms program and what opportunities that may lead to next.</p>
                        <p>So yes, we are -- we do feel we're on track for that 3-year goal of 30%.</p>
                        
                </div>
            </div>
        
            <div class="speech">
                <div class="participant-name">Operator</div>
                <div class="content">
                    <p>Our next question comes from the line of Michael Kupinski with NOBLE Capital Markets.</p>
                        
                </div>
            </div>
        
            <div class="speech">
                <div class="participant-name">Michael Kupinski</div>
                <div class="content">
                    <p>Good quarter. A couple of things. Can you quantify the amount of sales that were pushed into Q2? Was that over $5 million?</p>
                        
                </div>
            </div>
        
            <div class="speech">
                <div class="participant-name">John Szczepanski</div>
                <div class="content">
                    <p>Mike, so yes, we definitely saw the benefit from having inventory available early in the quarter earlier than expected, in Q2 versus Q3. We did -- essentially the beat that we had to our guide represented the majority of that acceleration.</p>
                        <p>So that's what sort of drove our cadence in terms of Q2 and what we expected in Q2 versus Q3.</p>
                        
                </div>
            </div>
        
            <div class="speech">
                <div class="participant-name">Michael Kupinski</div>
                <div class="content">
                    <p>And you mentioned about -- I'm sorry.</p>
                        
                </div>
            </div>
        
            <div class="speech">
                <div class="participant-name">David Stefko</div>
                <div class="content">
                    <p>I was saying that value of 440 basis points, right, John. Did you hear me John or no?</p>
                        
                </div>
            </div>
        
            <div class="speech">
                <div class="participant-name">John Szczepanski</div>
                <div class="content">
                    <p>That was not 440 basis points, no.</p>
                        
                </div>
            </div>
        
            <div class="speech">
                <div class="participant-name">David Stefko</div>
                <div class="content">
                    <p>Okay.</p>
                        
                </div>
            </div>
        
            <div class="speech">
                <div class="participant-name">Michael Kupinski</div>
                <div class="content">
                    <p>All right. And then in terms of the expansion of the men's line, I just kind of want to clarify. When will we I guess I'm just kind of trying to understand in terms of -- I know that you expanded colors and things like that, but I'm wondering in terms of additional products from here. I mean were you anticipating adding more men's product lines from here? I'm just trying to understand the cadence of the product development and things that are going -- likely to go into Nordstrom and the timing...</p>
                        
                </div>
            </div>
        
            <div class="speech">
                <div class="participant-name">David Stefko</div>
                <div class="content">
                    <p>Yes, we really you haven't talked about anything, but with the launch of the men's bottoms program, it's not just more colors. It's a new fit. It's a better fabric.</p>
                        <p>So we're trying to see the results of that. Michael, we also are looking at with our new license partner in the men's suiting area is ways that we could take advantage of that as we look forward.</p>
                        <p>So yes, there are other categories that we are looking at, but nothing other than potentially something with our licensed partner that we may launch in the near term.</p>
                        
                </div>
            </div>
        
            <div class="speech">
                <div class="participant-name">Michael Kupinski</div>
                <div class="content">
                    <p>Got you. And then in terms of the consumer, the many companies that have identified a bifurcated consumer with the higher income consumers continuing to spend and lower income kind of struggling a little bit. And I'm just -- I know that you had previous promotions that may have skewed your customer base down to the lower income -- or lower income category. And I'm just wondering in terms of going upstream and positioning. Is there a chance that you would have to increase not promotional spend, but more marketing spend in terms of kind of attracting that higher income consumer I was just wondering if maybe you could just give us your thoughts in terms of the current market environment and like where your products are placed and how you see that market developing?</p>
                        
                </div>
            </div>
        
            <div class="speech">
                <div class="participant-name">David Stefko</div>
                <div class="content">
                    <p>Yes.</p>
                        <p>Okay.</p>
                        <p>So yes, Mike, we are seeing -- like as we look as we enter the third quarter, the trends we see on our business over the last 6 weeks since the beginning of our Q3 and the consumer. 2 things. One is being less that July kind of focused on its sale period, it's markdown period. And people -- kids are back to school. I mean consumer, we feel as excited about being able to shop fall. And we do hear that just the ability that its fall buying season, we certainly are seeing our product resonate with the consumer. And we continue to drive what we see is the full priced customer file.
And you're right, we are seeing a decline in our customer file from a discount perspective because we are less promotional and less markdown units to sell.</p>
                        <p>As we look into 2025, as we've talked about, we certainly see the need that we need to do -- make investments -- marketing investments in top of funnel marketing, greater investments there, but more importantly, in brand awareness. And we're very encouraged by our performance in Nordstrom anniversary to have record results there and where that consumer Nordstrom is driving that traffic and has an everyday customer that knows the Vince brand that performance that we see is really encouraging to us.</p>
                        <p>And so we certainly, as I said, plan on making investments in marketing to drive that higher income consumer as we look into 2025.</p>
                        
                </div>
            </div>
        
            <div class="speech">
                <div class="participant-name">Michael Kupinski</div>
                <div class="content">
                    <p>Terrific. Well, good job and good luck on your upcoming season.</p>
                        
                </div>
            </div>
        
            <div class="speech">
                <div class="participant-name">Operator</div>
                <div class="content">
                    <p>There are no questions registered at this time. I would now like to pass the call back to Dave Stefko with -- for closing remarks.</p>
                        
                </div>
            </div>
        
            <div class="speech">
                <div class="participant-name">David Stefko</div>
                <div class="content">
                    <p>Thank you all for joining us today. We'll speak to you again in early December on our third quarter results. Have a great rest of your day. Thank you.</p>
                        
                </div>
            </div>
        
            <div class="speech">
                <div class="participant-name">Operator</div>
                <div class="content">
                    <p>That concludes today's call. Thank you for your participation, and enjoy the rest of your day.</p>
                        
                </div>
            </div>
        
    </div>
</div>

                </div>
              </div>
            </div>
          </div>
        </div>
      </div>
      
<footer class="footer">
    <div class="container">
        <div class="row py-5">
            <div class="col-12 col-lg-auto">
                <a href="https://finsight.com" target="_blank" rel="noopener" class="no-icon mb-5 mb-lg-0">
                    <img src="/img/finsight.svg" alt="Finsight">
                </a>
            </div>
            <div class="col-12 col-lg-auto ml-lg-auto">
                <div class="row">
                    <div class="col">
                        <div class="link-title">Resources</div>
                        <ul class="list-unstyled">
                            <li><a href="https://help.capedge.com/" target="_blank">Knowledgebase</a></li>
                            
                                <li>
                                    <form action="/user/logout" method="post">
                                        <button type="submit" class="btn btn-link">Logout</button>
                                    </form>
                                </li>
                            
                        </ul>
                    </div>
                    <div class="col">
                        <div class="link-title">Company</div>
                        <ul class="list-unstyled">
                            <li><a href="https://finsight.com/about" target="_blank" rel="noopener">About</a></li>
                            <li><a href="https://finsight.com/contact-us" target="_blank" rel="noopener">Contact</a></li>
                            <li><a href="https://finsight.com/our-solutions" target="_blank" rel="noopener">Solutions</a></li>
                        </ul>
                    </div>
                    <div class="col">
                        <div class="link-title">Products</div>
                        <ul class="list-unstyled">
                            <li><a href="https://dealroadshow.finsight.com/" target="_blank" rel="noopener">Deal Roadshow</a></li>
                            <li><a href="https://dealvdr.com/" target="_blank" rel="noopener">DealVDR</a></li>
                            <li><a href="https://evercall.co/" target="_blank" rel="noopener">Evercall</a></li>
                            <li><a href="https://finsight.com/" target="_blank" rel="noopener">Finsight.com</a></li>
                        </ul>
                    </div>
                    <div class="col">
                        <div class="link-title">CapEdge</div>
                        <ul class="list-unstyled">
                            <li><a href="/earnings-calendar">Earnings Calendar</a></li>
                            <li><a href="/transcript/by/companyId/all">Earnings Transcripts</a></li>
                            <li><a href="/search?q=">EDGAR Filing Screener</a></li>
                            <li><a href="/ipo-calendar">IPO Calendar</a></li>
                        </ul>
                    </div>
                </div>
            </div>
        </div>
    </div>

    <div class="footer-bottom">
        <div class="container">
            <div class="row align-items-center">
                <div class="col-12 col-lg-auto">
                    <ul class="list-inline mb-0">
                        <li class="list-inline-item"><a href="https://finsight.com/compliance" target="_blank" rel="noopener">Compliance</a></li>
                        <li class="list-inline-item"><a href="https://finsight.com/privacy-policy" target="_blank" rel="noopener">Privacy</a></li>
                        <li class="list-inline-item"><a href="https://finsight.com/security-policy" target="_blank" rel="noopener">Security</a></li>
                        <li class="list-inline-item"><a href="https://finsight.com/terms-of-use" target="_blank" rel="noopener">Terms</a></li>
                    </ul>
                </div>
                <div class="col footer-icons text-lg-right">
                    <a href="https://angel.co/company/finsight-group" target="_blank" rel="noopener" class="no-icon">
                        <img src="/img/angel.svg" alt="AngelList">
                    </a>
                    <a href="https://www.linkedin.com/company/finsight/" target="_blank" rel="noopener" class="no-icon">
                        <img src="/img/linkedin.svg" alt="LinkedIn">
                    </a>
                </div>
            </div>
        </div>
    </div>
</footer>


    </div>

    
    <div class="cookiesBanner_container cookiesBanner_container__visible">
    <i class="cookiesBanner_close">
        <svg width="16" height="16" viewBox="0 0 16 16" xmlns="http://www.w3.org/2000/svg">
            <path d="M8.58719 7.3231C8.93627 7.67218 8.93627 8.23816 8.58719 8.58724C8.2381 8.93633 7.67213 8.93633 7.32304 8.58724L0.261813 1.52597C-0.0872709 1.17689 -0.0872709 0.61091 0.261813 0.261825C0.610896 -0.0872605 1.17687 -0.0872605 1.52596 0.261825L8.58719 7.3231Z"></path><path d="M1.52595 15.7382C1.17687 16.0873 0.610892 16.0873 0.261808 15.7382C-0.087275 15.3891 -0.0872754 14.8231 0.261808 14.474L7.32304 7.41277C7.67212 7.06368 8.2381 7.06368 8.58718 7.41276C8.93626 7.76185 8.93626 8.32783 8.58718 8.67691L1.52595 15.7382Z"></path><path d="M7.4128 8.6769C7.06372 8.32782 7.06372 7.76184 7.4128 7.41275C7.76189 7.06367 8.32786 7.06367 8.67695 7.41275L15.7382 14.474C16.0873 14.8231 16.0873 15.3891 15.7382 15.7382C15.3891 16.0873 14.8231 16.0873 14.474 15.7382L7.4128 8.6769Z"></path><path d="M14.474 0.261814C14.8231 -0.0872713 15.3891 -0.0872713 15.7382 0.261814C16.0873 0.610899 16.0873 1.17688 15.7382 1.52596L8.67695 8.58723C8.32787 8.93632 7.76189 8.93632 7.41281 8.58723C7.06373 8.23815 7.06373 7.67217 7.41281 7.32309L14.474 0.261814Z"></path>
        </svg>
    </i>
    <div class="cookiesBanner_content">
        <p class="cookiesBanner_text">
            We use cookies on this site to provide a more responsive and personalized service. Continuing to browse, clicking I Agree, or closing this banner indicates agreement. See our&nbsp;<a class="cookiesBanner_cookiesBannerLink__dvqOM" href="https://finsight.com/privacy-policy#cookiesPolicy" target="_blank">Cookie Policy</a>&nbsp;for more information.
        </p>
        <button type="button" class="cookiesBanner_btn btn btn-primary">I&nbsp;Agree</button>
    </div>
</div>
    

    
    <div class="modal fade" id="modalAddFavourite" tabindex="-1" role="dialog" aria-hidden="true">
  <div class="modal-dialog" role="document">
    <div class="modal-content">
      <div class="modal-header">
        <h3 class="modal-title">Add favorites</h3>
        <button type="button" class="close" data-dismiss="modal" aria-label="Close"></button>
      </div>

      <div class="modal-body">
        <ul class="nav nav-tabs" id="faveTabs" role="tablist">
          <li class="nav-item">
            <a class="nav-link active" id="manual-tab" data-toggle="tab" href="#manual" role="tab" aria-controls="manual" aria-selected="true">Choose</a>
          </li>
          <li class="nav-item">
            <a class="nav-link" id="upload-tab" data-toggle="tab" href="#upload" role="tab" aria-controls="upload" aria-selected="false">Upload list</a>
          </li>
        </ul>
        <div class="tab-content mt-3 pt-2" id="faveTabContent">
          <div class="tab-pane fade show active" id="manual" role="tabpanel" aria-labelledby="manual-tab">
            <form method="post" action="/user/batch-fave" spellcheck="false" autocomplete="off" id="batch-favorite-form">
  <input type="hidden" name="referrer" value="">

    <p>Type tickers, company names, or new folder names to organize your favorites.</p>
    <div class="tokenInput tokeninput-container fake-input fake-input-lg">
        <input type="text" placeholder="Ticker, company name, or new folder name…" name="favourites" autocomplete="off" autocorrect="off" autocapitalize="off" autofocus="on" size="42">
    <script class="tokeninput-data" type="application/json">
    {
    "resultDataProp":"companies",
    "resultTextProp":"name",
    "resultValueProp":"companyId",
    "url":"/search/company?needsXbrl=false&active=true&num=5&allowMultiple=true&q=$query",
    "values":[],
    "type":"lookup",
    "completionGroups" : {
      "companies" : { "heading" : "Companies", "newOption" : false, "singular" : "company" },
      "folders" : { "heading" : "Folder", "newOption" : true, "singular" : "folder" }
      }
    }
    </script>
    </div>
    


  <div class="d-flex mt-6 justify-content-between">
    <button type="submit" class="btn btn-primary">Add favorites</button>
    <button type="button" class="btn btn-link d-none d-md-inline-block" data-dismiss="modal">Cancel</button>
  </div>
</form>
          </div>
          <div class="tab-pane fade" id="upload" role="tabpanel" aria-labelledby="upload-tab">
            <div id="fave-upload-container">
  <form method="post" action="/user/add-from-favorite-file">

      <div class="not-uploaded">
        <p>
          Upload a CSV, TSV or Excel file of favorites to add (max 5 MB). We'll try to detect columns of tickers, company names, CIKs or CUSIPs. It doesn't
          matter if the file has a header row or not, what order the columns are in, or if you include additional columns that are exported from another system.
        </p>
        <p>
          If you want to organize your favorites into folders, then include a header row, with a column named <strong>Folder</strong> to
          specify a folder for each favorite, e.g. (in this example, the name column is optional):
          </p><pre>  Name,Ticker,Folder
  Apple Inc,AAPL,Watchlist
  Tesla Inc,TSLA,Watchlist
  Microsoft Inc,MSFT,Portfolio</pre>
        <p></p>
        <p>
          If you want to upload a list of favorite searches, then include a header row, with a <strong>Name</strong> column for the search
          terms, and a <strong>Type</strong> column with the value <em>search</em>, along with an optional <strong>Folder</strong> column e.g.
          </p><pre>  Type,Folder,Name
  search,Future Tech,bitcoin OR cryptocurrency
  search,Future Tech,S-1 drones
  search,Green Energy,TSLA "renewable energy"</pre>
        <p></p>
      </div>
      <div class="uploaded-only">
        <table id="matched-upload-table" class="table table-sm">
          <thead>
            <tr>
              <th></th>
              <th colspan="2" class="uploaded-count">Uploaded</th>
              <th colspan="2" class="matched-count">Matched</th>
              <th class="folder-only">Folder</th>
            </tr>
          </thead>
          <tbody></tbody>
        </table>
        <input type="hidden" name="uploadData" id="upload-data" value="">
        <div class="mt-5 p-3 bg-blue-lightest">
          <h6>Important:</h6>
          <div class="form-check">
            <input class="form-check-input" type="radio" name="actionExisting" id="actionExistingAdd" value="add" checked="">
            <label class="form-check-label" for="actionExistingAdd">Add to existing favorites</label>
          </div>
          <div class="form-check">
            <input class="form-check-input" type="radio" name="actionExisting" id="actionExistingReplace" value="replace">
            <label class="form-check-label" for="actionExistingReplace">Remove existing favorites that are not in this list</label>
          </div>
        </div>
      </div>


    <div class="d-flex mt-6 justify-content-between">
      <label class="btn btn-primary not-uploaded" for="upload-faves" id="upload-fave-button">
        Upload favorites list…
        <input type="file" id="upload-faves" class="d-none" name="files">
      </label>
      <button type="submit" class="btn btn-primary uploaded-only">Add selected favorites</button>
      <button type="button" class="btn btn-link d-none d-md-inline-block" data-dismiss="modal">Cancel</button>
    </div>
  </form>
</div>
          </div>
        </div>
      </div>

    </div>
  </div>
</div>

    <div class="modal fade" id="modalRenameFolder" tabindex="-1" role="dialog" aria-hidden="true">
  <div class="modal-dialog" role="document">
    <div class="modal-content">
      <div class="modal-header">
        <h3 class="modal-title">Rename folder</h3>
        <button type="button" class="close" data-dismiss="modal" aria-label="Close"></button>
      </div>
      <form method="post" action="/user/rename-fave" spellcheck="false" autocomplete="off">
        <div class="modal-body">
          <input type="text" class="form-control" placeholder="Type new folder name…" name="documentSpecifier" autocomplete="off" autocorrect="off" autocapitalize="off" autofocus="on" pattern="[^<>]+">
          <input type="hidden" name="documentId" value="">
        </div>
        <div class="modal-footer">
          <button type="button" class="btn btn-link" data-dismiss="modal">Cancel</button>
          <button type="submit" class="btn btn-primary">Rename</button>
        </div>
      </form>
    </div>
  </div>
</div>
    <div class="modal fade" id="modalAlertSettings" tabindex="-1" role="dialog" aria-hidden="true">
  <div class="modal-dialog" role="document">
    <div class="modal-content">
      <div class="modal-header">
        <h3 class="modal-title">Alert feed settings</h3>
        <button type="button" class="close" data-dismiss="modal" aria-label="Close"></button>
      </div>
      <form method="post" action="/user/settings" autocomplete="off" id="alert-settings-form" class="no-reset-on-close">
        <div class="modal-body">
          <p>Choose the information that appears in your CapEdge alert feed. You'll see alerts for information that matches your favorite companies.</p>
          <div class="custom-controls-stacked mt-3">
            
            <div class="form-group">
                <label class="custom-switch pl-0">
                    <input type="checkbox" name="settings[alertTypes][]" value="ldb" class="custom-switch-input" checked="checked">
                    <span class="custom-switch-indicator"></span>
                    <span class="custom-switch-description">Filings</span>
                </label>
                <div class="pl-7 text-muted">New filings from SEC.</div>
            </div>
            
            <div class="form-group">
                <label class="custom-switch pl-0">
                    <input type="checkbox" name="settings[alertTypes][]" value="news" class="custom-switch-input" checked="checked">
                    <span class="custom-switch-indicator"></span>
                    <span class="custom-switch-description">News</span>
                </label>
                <div class="pl-7 text-muted">Full news stories, breaking headlines, and press releases.</div>
            </div>
            
            <div class="form-group">
                <label class="custom-switch pl-0">
                    <input type="checkbox" name="settings[alertTypes][]" value="social" class="custom-switch-input" checked="checked">
                    <span class="custom-switch-indicator"></span>
                    <span class="custom-switch-description">Social</span>
                </label>
                <div class="pl-7 text-muted">Message threads from Reddit.</div>
            </div>
            
            <div class="form-group">
                <label class="custom-switch pl-0">
                    <input type="checkbox" name="settings[alertTypes][]" value="user" class="custom-switch-input" checked="checked">
                    <span class="custom-switch-indicator"></span>
                    <span class="custom-switch-description">Community content</span>
                </label>
                <div class="pl-7 text-muted">New community notes and annotations.</div>
            </div>
            
          </div>
        </div>
        <div class="modal-footer">
          <button type="button" class="btn btn-link" data-dismiss="modal">Cancel</button>
          <button type="submit" class="btn btn-primary">Update alerts feed settings</button>
        </div>
      </form>
    </div>
  </div>
</div>
    <div class="modal fade" id="modalSendToNote" tabindex="-1" role="dialog" aria-hidden="true">
  <div class="modal-dialog" role="document">
    <div class="modal-content">
      <div class="modal-header">
        <h3 class="modal-title">Add to note</h3>
        <button type="button" class="close" data-dismiss="modal" aria-label="Close"></button>
      </div>
      <form method="post" action="#" class="no-disable" spellcheck="false" autocomplete="off">
        <div class="modal-body">
          <p>The following content will be added to your chosen note:</p>
          <div id="fragment-preview" class="my-3 text-muted"></div>
          <p>Search or choose a recent note below:</p>
          <div class="tokenInput tokeninput-container fake-input fake-input-lg">
              <input type="text" placeholder="Search your note titles…" name="noteSearch" autocomplete="off" autocorrect="off" autocapitalize="off" tabindex="1" autofocus="on" size="25">
              <script class="tokeninput-data" type="application/json">
              {
                  "resultDataProp":"results",
                  "resultTextProp":"title",
                  "resultValueProp":"id",
                  "url":"/note/notesearch?limit=3&query=$query",
                  "type":"lookup",
                  "completionGroups" : {
                      "bestmatch" : { "heading" : "Best Match" },
                      "notes" : { "heading" : "Notes", "newOption" : true, "singular" : "note" }
                  }
              }
              </script>
          </div>
          <div id="send-recent-list"></div>
        </div>
        <div class="modal-footer">
          <button type="button" class="btn btn-link" data-dismiss="modal" tabindex="2">Cancel</button>
        </div>
      </form>
    </div>
  </div>
</div>
    <div class="dropdown-menu dropdown-menu-sm" id="user-feed-context-menu">
  <a class="dropdown-item context-open" href="#">Open</a>
  <a class="dropdown-item context-open" href="#" target="_blank">Open in new tab</a>
  <div class="dropdown-divider"></div>
  <a class="dropdown-item context-delete" href="#">Delete</a>
</div>
    

    

    

    <div style="display:none" id="google-id" data-id="G-REPSH58KSM,UA-113590965-4"></div>

<div style="display:none" id="google-tag-id" data-id="GTM-5KBPWNG"></div>
<noscript><iframe src="https://www.googletagmanager.com/ns.html?id=GTM-5KBPWNG" height="0" width="0" style="display:none;visibility:hidden"></iframe></noscript>

    
        <script src="https://www.google.com/recaptcha/api.js" async="" defer=""></script>
    
    <script type="application/json" id="user-data">{"id":"665437da02f04742ce51dd52","loggedIn":true,"settings":{"emailNewFilings":false,"emailSearches":true,"emailCommunityContent":true,"emailProductUpdates":true,"enableAnnotations":true,"enableReadCheckbox":false,"subscribedEmailFilingGroups":["financial","news","registration","proxy","other","ownership"],"subscribedEmailFilingTypes":[],"subscribedCommunityNotifications":["repliesToMine","newOnAnnotated"],"periodicEmailSchedule":"never","stockChartComparison":true,"stockChartPeriod":"1m","toggleFavouritescol":false,"toggleNotescol":true,"toggleAlertscol":true,"collapsedFolders":[],"collapsedCards":[],"annotationsPublic":false,"disableEmailNotes":false,"hideNextSteps":false,"alertTypes":["ldb","news","social","user"],"emailSearchesSchedule":"realtime","folderSettings":[]},"plan":"free"}</script>
    <script type="application/json" id="init-data">{"annotationDocumentRoot":".transcript-container","annotationDocumentType":"transcript","annotationDocumentId":"VNCE_3401721","annotationCompanyId":1579157}</script>
    <script src="/js/dist/initial.js?v=20240921T122502"></script>
    <script src="/js/dist/build.js?v=20240921T122502" defer=""></script>
    
    <script src="/js/dist/annotator.js?v=20240921T122502" defer=""></script>
    
    
    
  


<script async="" src="/js/dist/annotator-frame.js"></script><div class="annotator-adder" style="display: none;"><button type="button" class="sendTo">Add to note</button><button type="button" class="create">Annotate</button></div></body></html>