Company Quick10K Filing
Vince Holding
10-Q 2019-11-02 Filed 2019-12-12
10-Q 2019-08-03 Filed 2019-09-12
10-Q 2019-05-04 Filed 2019-06-13
10-K 2019-02-02 Filed 2019-04-12
10-Q 2018-11-03 Filed 2018-12-13
10-Q 2018-08-04 Filed 2018-09-13
10-Q 2018-05-05 Filed 2018-06-14
10-K 2018-02-03 Filed 2018-04-25
10-Q 2017-10-28 Filed 2017-12-07
10-Q 2017-07-29 Filed 2017-09-07
10-Q 2017-04-29 Filed 2017-06-08
10-K 2017-01-28 Filed 2017-04-28
10-Q 2016-10-29 Filed 2016-12-08
10-Q 2016-07-30 Filed 2016-09-08
10-Q 2016-04-30 Filed 2016-06-08
10-K 2016-01-30 Filed 2016-04-14
10-Q 2015-10-31 Filed 2015-12-10
10-Q 2015-08-01 Filed 2015-09-08
10-Q 2015-05-02 Filed 2015-06-10
10-K 2015-01-31 Filed 2015-03-27
10-Q 2014-11-01 Filed 2014-12-12
10-Q 2014-08-02 Filed 2014-09-12
10-Q 2014-05-03 Filed 2014-06-12
10-K 2014-02-01 Filed 2014-04-04
10-Q 2013-11-02 Filed 2014-01-03
8-K 2020-04-27 Earnings, Regulation FD, Other Events
8-K 2020-03-30 Enter Agreement, Off-BS Arrangement, Regulation FD
8-K 2020-03-17 Other Events, Exhibits
8-K 2020-01-13 Regulation FD, Exhibits
8-K 2019-12-12 Earnings, Exhibits
8-K 2019-11-03 Enter Agreement, M&A, Off-BS Arrangement, Regulation FD, Exhibits
8-K 2019-09-12 Earnings, Exhibits
8-K 2019-09-06 Officers
8-K 2019-06-13 Earnings, Exhibits
8-K 2019-06-05 Shareholder Vote
8-K 2019-05-13 Officers
8-K 2019-04-10 Earnings, Exhibits
8-K 2019-01-14 Regulation FD, Exhibits
8-K 2018-12-13 Earnings, Exhibits
8-K 2018-11-01 Regulation FD, Exhibits
8-K 2018-09-13 Earnings, Exhibits
8-K 2018-08-28 Officers
8-K 2018-08-21 Enter Agreement, Off-BS Arrangement, Other Events, Exhibits
8-K 2018-06-14 Earnings, Exhibits
8-K 2018-05-30 Leave Agreement, Shareholder Vote
8-K 2018-05-21 Other Events, Exhibits
8-K 2018-04-12 Earnings, Exhibits
8-K 2018-04-02 Officers
8-K 2018-03-28 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2018-02-26 Earnings, Exhibits
8-K 2018-02-16 Officers
8-K 2018-01-10 Regulation FD, Exhibits

Vince Holding Financials

VNCE Metrics, Comps, Filings

Quarterly | Annual

Business

Established in 2002, Vince is a global luxury apparel and accessories brand best known for creating elevated yet understated pieces for every day. The collections are inspired by the brand's California origins and embody a feeling of warm and effortless style. Vince designs uncomplicated yet refined pieces that approach dressing with a sense of ease. Known for its range of luxury products, Vince offers wide array of women's and men's ready-to-wear, shoes, and capsule collection of handbags, and home for a global lifestyle. Vince products are sold in prestige distribution worldwide, including approximately 2,000 distribution locations across more than 40 countries. We have a small number of wholesale partners who account for a significant portion of our net sales. In fiscal 2018, sales to two wholesale partners, Nordstrom Inc., and Neiman Marcus Group LTD, each accounted for more than ten percent of the Company's net sales. These sales represented 33.7% of fiscal 2018 net sales. In fiscal 2017, sales to one wholesale partner, Nordstrom, accounted for more than ten percent of the Company's net sales. These sales represented 21.9% of fiscal 2017 net sales. In fiscal 2016, sales to three wholesale partners, Nordstrom, Hudson's Bay Company, and Neiman Marcus Group, each accounted for more than ten percent of the Company's net sales. These sales represented 45% of fiscal 2016 net sales.

We design our products in the U.S. and source the vast majority of our products from contract manufacturers outside the U.S., primarily in Asia.

We serve our customers through a variety of channels that reinforce the Vince brand image. Our diversified channel strategy allows us to introduce our products to customers through multiple distribution points that are reported in two segments: Wholesale and Direct-to-consumer. Our Wholesale segment is comprised of sales to major department stores and specialty stores in the U.S. and in select international markets, with U.S. wholesale representing 47%, 51% and 51% of our fiscal 2018, fiscal 2017 and fiscal 2016 net sales, respectively, and the total Wholesale segment representing 57%, 61% and 63% of net sales for the same periods. International wholesale represented 9%, 9% and 10% of net sales for fiscal 2018, fiscal 2017 and fiscal 2016, respectively. Our Wholesale segment also includes our licensing business related to our licensing arrangement for our women's and men's footwear. During the third quarter of fiscal year 2017, we entered into limited distribution arrangements with Nordstrom. and Neiman Marcus Group for non-licensed product in order to rationalize our department store distribution strategy which is intended to improve profitability in the Wholesale segment and to enable us to focus on other areas of growth for the brand, particularly in the Direct-to-consumer segment. We implemented various strategic initiatives to capture the sales from exited wholesale doors through our retail and e-commerce businesses while collaborating with the wholesale partners in various areas including merchandising and logistics to build a more profitable and focused wholesale business.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Equity

Income Statement ($BB Quarterly)

Revenue, G Profit, Net Income

Cash Flow ($BB Quarterly)

Ops, Inv, Fin

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Genesco (GCO) 633 48% 45.3 -2% 1,785 1,212 2,195 1,061 -38 14 657
Shoe Carnival (SCVL) 481 30% 6.9 6% 648 347 1,031 309 41 65 447
Chico's FAS (CHS) 469 34% 9.9 -2% 1,600 1,057 2,036 689 -25 45 445
Cato (CATO) 411 38% 4.9 9% 651 319 827 314 60 78 388
Lands' End (LE) 370 43% 15.9 1% 1,162 841 1,403 598 10 51 819
Tilly's (TLYS) 286 30% 4.4 5% 545 363 617 187 25 50 219
Duluth Holdings (DLTH) 279 53% 8.1 3% 518 365 607 322 15 37 303
Vince Holding (VNCE) 230 50% 25.8 1% 325 248 213 107 2 11 276
Citi Trends (CTRN) 218 0% 6.8 2% 442 262 772 0 7 29 194
Tailored Brands (TLRD) 218 41% 12.3 -2% 2,540 2,605 3,086 1,263 -42 107 1,317
Express (EXPR) 183 27% 0.4 -1% 2,078 1,529 2,041 560 -24 37 15
Destination Xl Group (DXLG) 76 43% 65.0 -4% 425 368 474 205 -17 1 85
Stage Stores (SSI) 60 22% -13.6 -7% 1,174 1,010 1,138 249 -87 -29 399
Ascena Retail Group (ASNA) 50 55% -3.9 -18% 3,491 3,318 5,710 3,168 -636 -300 1,158
Francesca's Holdings (FRAN) 43 38% 43.3 -5% 374 316 389 147 -17 1 41
Stein Mart (SMRT) 38 27% 12.3 -1% 839 807 1,241 337 -6 16 196
Destination Maternity (DEST) 18 52% 42.0 -5% 265 244 363 188 -14 1 42
Christopher & Banks (CBK) 13 24% -0.7 -11% 201 188 345 82 -23 -16 11
RTW Retailwinds (RTW)
Designer Brands (DBI) 28% 1.0 2% 2,537 1,794 3,553 983 56 154 147

Balance Sheet ($MM)2013-11-022014-02-012014-05-032014-08-022014-11-012015-01-312015-05-022015-08-012015-10-312016-01-302016-04-302016-07-302016-10-292017-01-282017-04-292017-07-292017-10-282018-02-032018-05-052018-08-042018-11-032019-02-022019-05-042019-08-032019-11-02
Cash22122000000622212121154655510001
Accounts Receivable12340143838341723199172117102019312113233229162932
Inventory93343259533741464437233534393242514949626253506058
PP&E24201420253833353653404446654240396130292859242323
Assets470414389414404382369384376364380402396239234233253235226247251235299325325
Accounts Payable64241638282925383029213324372525162320312729223429
Long-Term Debt4111701501401228880827560455553506674685051646347465247
Liabilities651381353368344310294313299285237261248253257266253160157181178161233257248
Stockholders' Equity-181343546617275707679143142148-14-23-3307569667374676877
Income Statement ($MM)2013-11-022014-02-012014-05-032014-08-022014-11-012015-01-312015-05-022015-08-012015-10-312016-01-302016-04-302016-07-302016-10-292017-01-282017-04-292017-07-292017-10-282018-02-032018-05-052018-08-042018-11-032019-02-022019-05-042019-08-032019-11-02
Revenue21488538910395608081826861766458617975556384557186
Cost of Revenue1454827455249295941413933383532354241293543273743
Gross Profit694026445146312140412827382926263734262841283544
R&D
SG&A53-6321242625262728363232323934343141303032343334
Tax1417971-3410-31980-0-0-0000000
Net Income-2111413112-562-2-23-162-9-10475-6-47-718
Cash Flow ($MM)2013-11-022014-02-012014-05-032014-08-022014-11-012015-01-312015-05-022015-08-012015-10-312016-01-302016-04-302016-07-302016-10-292017-01-282017-04-292017-07-292017-10-282018-02-032018-05-052018-08-042018-11-032019-02-022019-05-042019-08-032019-11-02
Cash Operating2122-525391131027-32-524-20-18-2118-1-1312-56
Cash Investing-10-1-6-8-4-6-5-3-3-4-6-3-2-2-1-0-0-0-1-1-0-1-1
Cash Financing9-20-10-17-34-52-7-1851100-316723-18114-4-16-5