Vince Holding Corp. announced its financial results for the second fiscal quarter ended August 1, 2026, reporting a 11.7% increase in net sales to $81.8 million. The company attributes the growth to a 13.7% rise in its direct-to-consumer segment and a 10.4% increase in its wholesale segment.
Gross profit for the quarter reached $49.8 million, representing a 60.9% gross margin rate. This improvement is partially attributed to a $10.4 million benefit from an IEEPA tariff refund, which offset unfavorable impacts from higher product costing and freight costs. The company ended the quarter with $63.6 million of excess availability under its revolving credit facility.
In other business developments, Vince Holding Corp. completed the acquisition of the operating business of OVO, a globally recognized lifestyle brand. The company acquired the OVO operating business for a nominal cash purchase and a 5% equity interest in the IP holding entity for $6 million. The company expects to grow OVO sales to over $100 million and deliver adjusted EBITDA margins in the low double digit percentage range by fiscal 2030.
Regarding its outlook, the company raised its guidance for the Vince Business for full year fiscal 2026. For the third quarter of fiscal 2026, the company expects net sales to increase approximately 5% to 8% compared to the prior year. For the full year fiscal 2026, the company expects net sales to increase approximately 8% to 10% compared to the prior year.
