Vince Holding Expects Q2 Sales To Be Relatively Flat To Down Low Single Digits, Projects Company Operating Margin To Decline Approximately 500-750 Basis Points
Portfolio Pulse from Benzinga Newsdesk
Vince Holding expects Q2 fiscal 2024 sales to be flat to down low single digits compared to Q2 fiscal 2023. The company also projects a decline in operating margin by 500-750 basis points due to various factors including SG&A deleverage and severance expenses.
June 18, 2024 | 11:08 am
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Vince Holding expects Q2 fiscal 2024 sales to be flat to down low single digits compared to Q2 fiscal 2023. The company also projects a decline in operating margin by 500-750 basis points due to various factors including SG&A deleverage and severance expenses.
The guidance indicates a challenging quarter ahead with flat to slightly declining sales and a significant drop in operating margin. This is likely to negatively impact investor sentiment and the stock price in the short term.
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IMPORTANCE 80
RELEVANCE 100