Vince (VNCE) Q2 2027 earnings summary

Executive summary

• Net sales for Q2 2026 rose 11.7% year-over-year to $81.8 million, with strong growth in both direct-to-consumer (+13.7%) and wholesale (+10.4%) channels.

• Gross profit increased to $49.8 million (60.9% margin), primarily due to a $10.4 million IEEPA tariff refund.

• Adjusted EBITDA reached $18 million, up from $6.7 million in the prior year, and adjusted net income was $13.5 million ($1.02 EPS), up from $4.9 million ($0.38 EPS).

• Completed the acquisition of OVO, expanding into the streetwear market and entering a licensing agreement for OVO intellectual property.

• Net income was $10.6 million ($0.80 EPS), down from $12.1 million ($0.93 EPS) last year, reflecting the absence of prior year non-recurring benefits.

Financial highlights

• Six-month net sales increased 11.2% year-over-year to $145.8 million.

• SG&A expenses were $36.3 million (44.3% of sales), impacted by transaction costs and the absence of prior year payroll tax credits.

• Interest expense declined 16.6% year-over-year for the quarter.

• Cash flow from operations for the six months was $9.2 million, compared to a $7.6 million outflow in the prior year.

• Adjusted EBITDA reached $18 million, up from $6.7 million in the prior year.

Outlook and guidance

• Raised full-year outlook: net sales expected to increase 8%-10% year-over-year, with adjusted EBITDA margin at 9%-9.5%.

• Q3 net sales expected to grow 5%-8% year-over-year.

• OVO sales expected to be flat in 2026 versus 2025, with earnings neutral in 2026 and accretive from 2027; long-term target of $100 million+ in revenue by 2030.