Vince Holding Corp. Sees Q3 Revenue To Be Flat To Down Low Single Digits Vs Q3 2023; Sees FY24 Net Sales To Decrease In The Low-Single-Digit Range Vs FY23
Portfolio Pulse from Benzinga Newsdesk
Vince Holding Corp. anticipates flat to slightly declining Q3 2024 revenue compared to Q3 2023, with an increase in operating margin. FY24 net sales are expected to decrease slightly compared to FY23, with a modest increase in operating margin. The company is adjusting to a more comparable business model and disciplined promotional activities.
September 16, 2024 | 8:12 pm
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Vince Holding Corp. expects Q3 2024 revenue to be flat to slightly down compared to Q3 2023, with an increase in operating margin. FY24 net sales are projected to decrease slightly, with a modest increase in operating margin. The company is transitioning to a more comparable business model.
The guidance indicates a stable to slightly negative revenue outlook for Q3 2024 and FY24, but with improved operating margins. The transition to a more comparable business model and disciplined promotional activities are positive for long-term stability, but the short-term impact on stock price is likely neutral due to the mixed revenue outlook.
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