$VNCE

Vince Holding Corp reported a net income of $12.1 million in Q2 FY25, a significant increase from $0.6 million in the prior year, despite a 1.3% decline in net sales to $73.2 million. This profit growth was driven by improved gross profit margins and a sharp reduction in SG&A expenses due to a $7.2 million Employee Retention Credit benefit. The company expects Q3 FY25 net sales to be flat to up 3% and will reinvest in the business, though it is not issuing full fiscal 2025 guidance due to tariff uncertainties.