v3.26.1
Segment Financial Information
 3 Months Ended
May 02, 2026
Segment Reporting [Abstract]  
Segment Financial Information

Note 12. Segment Financial Information

The Company has identified two reportable segments based on the information used by its chief operating decision maker (“CODM”). The CODM has been identified as the Chief Executive Officer. Management considered both similar and dissimilar economic characteristics, internal reporting and management structures, as well as products, customers, and supply chain logistics to identify the following reportable segments:

•
Vince Wholesale segment—consists of the Company's operations to distribute Vince brand products to major department stores and specialty stores in the United States and select international markets;
•
Vince Direct-to-consumer segment—consists of the Company's operations to distribute Vince brand products directly to the consumer through its Vince branded full-price specialty retail stores, outlet stores, and e-commerce platform.

The accounting policies of the Company's reportable segments are consistent with those described in Note 1 to the audited consolidated financial statements for the fiscal year ended January 31, 2026 included in the 2025 Annual Report on Form 10-K.

The Company’s CODM evaluates segment performance based on several factors, including Income before income taxes and equity in net income of equity method investment. The CODM uses Income before income taxes and equity in net income of equity method investment as the key performance measure of segment profitability because it excludes the impact of certain items that our CODM believes do not directly reflect our underlying operations, including the impact of income taxes and equity in net income of equity method investment. The CODM also considers budget-to-actual and period-over-period variances for this performance measure when making decisions about the allocation of operating and capital resources to each segment. Unallocated corporate expenses are comprised of SG&A expenses attributable to corporate and administrative activities (such as marketing, design, finance, information technology, legal and human resource departments), and other charges, including interest expense, that are not directly attributable to the Company's Vince Wholesale and Vince Direct-to-consumer reportable segments. Unallocated corporate assets are comprised of the carrying values of the Company's equity method investment and other assets that will be utilized to generate revenue for the Company's Vince Wholesale and Vince Direct-to-consumer reportable segments.

 

Summary information for the Company's reportable segments is presented below.

 

(in thousands)

 

Vince Wholesale

 

 

Vince Direct-to-consumer

 

 

Total

 

Three Months Ended May 2, 2026

 

 

 

 

 

 

 

 

 

Net Sales

 

$

32,066

 

 

$

31,969

 

 

$

64,035

 

 

 

 

 

 

 

 

 

 

 

Cost of Products Sold*

 

 

19,759

 

 

 

11,884

 

 

 

31,643

 

Staff and Personnel

 

 

900

 

 

 

5,930

 

 

 

6,830

 

Occupancy

 

 

116

 

 

 

6,439

 

 

 

6,555

 

Marketing and advertising

 

 

351

 

 

 

2,392

 

 

 

2,743

 

Other segment items (1)

 

 

806

 

 

 

3,477

 

 

 

4,283

 

Total segment income before income taxes and equity in net income of equity method investment

 

 

10,134

 

 

 

1,847

 

 

 

11,981

 

Unallocated Corporate

 

 

 

 

 

 

 

 

(15,169

)

Total loss before income taxes and equity in net income of equity method investment

 

 

 

 

 

 

 

$

(3,188

)

 

 

 

 

Vince Wholesale

 

 

Vince Direct-to-consumer

 

 

Total

 

Three Months Ended May 3, 2025

 

 

 

 

 

 

 

 

 

Net Sales

 

$

30,290

 

 

$

27,643

 

 

$

57,933

 

 

 

 

 

 

 

 

 

 

 

Cost of Products Sold*

 

 

18,458

 

 

 

10,312

 

 

 

28,770

 

Staff and Personnel

 

 

896

 

 

 

5,726

 

 

 

6,622

 

Occupancy

 

 

108

 

 

 

6,564

 

 

 

6,672

 

Marketing and advertising

 

 

113

 

 

 

2,191

 

 

 

2,304

 

Other segment items (1)

 

 

1,318

 

 

 

3,650

 

 

 

4,968

 

Total segment income (loss) before income taxes and equity in net income of equity method investment

 

 

9,397

 

 

 

(800

)

 

 

8,597

 

Unallocated Corporate

 

 

 

 

 

 

 

 

(13,891

)

Total loss before income taxes and equity in net income of equity method investment

 

 

 

 

 

 

 

$

(5,294

)

 

 

 

 

Three Months Ended

 

 

 

May 2, 2026

 

 

May 3, 2025

 

Depreciation and Amortization:

 

 

 

 

 

 

  Vince Wholesale

 

$

76

 

 

$

76

 

  Vince Direct-to-Consumer

 

 

464

 

 

 

610

 

Total Segment Depreciation and Amortization

 

 

540

 

 

 

686

 

  Unallocated Corporate

 

 

76

 

 

 

75

 

Total Depreciation and Amortization

 

$

616

 

 

$

761

 

 

 

 

 

 

 

 

Capital Expenditures:

 

 

 

 

 

 

  Vince Wholesale

 

$

—

 

 

$

96

 

  Vince Direct-to-Consumer

 

 

216

 

 

 

1,290

 

Total Segment Capital Expenditures

 

 

216

 

 

 

1,386

 

  Unallocated Corporate

 

$

—

 

 

 

38

 

Total Capital Expenditures

 

$

216

 

 

$

1,424

 

 

 

 

 

As of

 

 

 

May 2, 2026

 

 

January 31, 2026

 

Total Assets:

 

 

 

 

 

 

  Vince Wholesale

 

$

68,714

 

 

$

75,339

 

  Vince Direct-to-Consumer

 

 

101,618

 

 

 

101,008

 

Total Segment Assets

 

 

170,332

 

 

 

176,347

 

  Unallocated Corporate

 

 

49,460

 

 

 

48,694

 

Total Assets

 

$

219,792

 

 

$

225,041

 

 

(1) Other segment items primarily include various third party expenses, banking fees, depreciation and amortization, supplies, and commissions.

* Cost of Products Sold for the three months ended May 2, 2026 includes royalty expenses of $1,836 and $959 for the Wholesale and Direct-to-consumer segments, respectively. Cost of Products Sold for the three months ended May 3, 2025 includes royalty expenses of $1,762 and $820 for the Wholesale and Direct-to-consumer segments, respectively.