Vince Holding Corp. (NYSE: VNCE) closed with gain of +1.16% to $13.95. Recent traded volume was 18,614 shares versus to it an average volume of 19,417 shares. The company holds 11.97M shares outstanding and market cap of 162.72M. The stock’s day range was recorded between a low of $13.79 and a high $14.03. The one year high of the company is $24.19 and the one year low is $8.63.

After the last closing session, the bid price was seen at 13.96 x 12. The bid price represents the higher price that a buyer or buyers are willing to pay for a security. The ask price was registered at 14.04 x 9. The ask price indicates the lower price that a seller or sellers are willing to receive for the security.

Vince Holding Corp. (NYSE: VNCE), recently stated unaudited results for the first quarter of fiscal year 2019 ended May 4, 2019.

For the first quarter ended May 4, 2019:

• Net sales increased 1.1% to $55.1M contrast to $54.5M in the first quarter of fiscal 2018. Wholesale section sales reduced 4.0% to $27.4M as contrast to $28.5M in the same period last year primarily Because of the shift in the timing of seasonal wholesale shipments. Direct-to-consumer section sales increased 6.7% to $27.8M to the first quarter of fiscal 2018. Comparable sales increased 1.1%, including e-commerce sales, primarily Because of a raise in average dollar sale.
• Gross profit was $28.3M, or 51.3% of net sales, contrast to gross profit of $25.5M, or 46.8% of net sales, in the first quarter of fiscal 2018. The 450 basis point increase in gross margin rate was Because of the non recurrence of an unfavorable adjustment to inventory reserves in the previous year, stronger full price selling, and lower product costs.
• Selling, general, and administrative expenses were $34.0M, or 61.7% of sales, contrast to $29.9M, or 54.8% of sales, in the first quarter of fiscal 2018. The increase in SG&A dollars was primarily the result of planned consulting costs of $1.4M, higher compensation and benefits, and investments in marketing and new stores.
• Operating loss was $5.7M, or 10.4% of net sales, which includes the fore, mentioned planned consulting costs of $1.4M. Operating loss was $4.4M for the first quarter of fiscal 2018.
• Net loss was $7.0M or $0.60 per share, which includes $1.4M of planned consulting costs, contrast to a net loss of $5.6M or $0.49 per share in the same period last year.