v3.26.1
Segment Financial Information
 6 Months Ended
Aug. 01, 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, and legal and human resource departments), transaction-related expenses, 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 August 1, 2026

 

 

 

 

 

 

 

 

 

Net Sales

 

$

49,407

 

 

$

32,381

 

 

$

81,788

 

 

 

 

 

 

 

 

 

 

 

Cost of Products Sold*

 

 

22,614

 

 

 

9,340

 

 

 

31,954

 

Staff and Personnel

 

 

944

 

 

 

5,964

 

 

 

6,908

 

Occupancy

 

 

121

 

 

 

6,501

 

 

 

6,622

 

Marketing and advertising

 

 

168

 

 

 

2,314

 

 

 

2,482

 

Other segment items (1)

 

 

976

 

 

 

3,764

 

 

 

4,740

 

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

 

 

24,584

 

 

 

4,498

 

 

 

29,082

 

Unallocated Corporate (2)

 

 

 

 

 

 

 

 

(15,744

)

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

 

 

 

 

 

 

 

$

13,338

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended August 1, 2026

 

 

 

 

 

 

 

 

 

Net Sales

 

$

81,473

 

 

$

64,350

 

 

$

145,823

 

 

 

 

 

 

 

 

 

 

 

Cost of Products Sold*

 

 

42,369

 

 

 

21,228

 

 

 

63,597

 

Staff and Personnel

 

 

1,845

 

 

 

11,893

 

 

 

13,738

 

Occupancy

 

 

238

 

 

 

12,940

 

 

 

13,178

 

Marketing and advertising

 

 

519

 

 

 

4,705

 

 

 

5,224

 

Other segment items (1)

 

 

1,784

 

 

 

7,239

 

 

 

9,023

 

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

 

 

34,718

 

 

 

6,345

 

 

 

41,063

 

Unallocated Corporate (2)

 

 

 

 

 

 

 

 

(30,913

)

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

 

 

 

 

 

 

 

$

10,150

 

 

 

 

 

 

Vince Wholesale

 

 

Vince Direct-to-consumer

 

 

Total

 

Three Months Ended August 2, 2025

 

 

 

 

 

 

 

 

 

Net Sales

 

$

44,762

 

 

$

28,479

 

 

$

73,241

 

 

 

 

 

 

 

 

 

 

 

Cost of Products Sold*

 

 

25,828

 

 

 

10,475

 

 

 

36,303

 

Staff and Personnel

 

 

933

 

 

 

5,892

 

 

 

6,825

 

Occupancy

 

 

127

 

 

 

6,530

 

 

 

6,657

 

Marketing and advertising

 

 

48

 

 

 

1,900

 

 

 

1,948

 

Other segment items (1)

 

 

768

 

 

 

3,471

 

 

 

4,239

 

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

 

 

17,058

 

 

 

211

 

 

 

17,269

 

Unallocated Corporate (2)

 

 

 

 

 

 

 

 

(5,407

)

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

 

 

 

 

 

 

 

$

11,862

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended August 2, 2025

 

 

 

 

 

 

 

 

 

Net Sales

 

$

75,052

 

 

$

56,122

 

 

$

131,174

 

 

 

 

 

 

 

 

 

 

 

Cost of Products Sold*

 

 

44,287

 

 

 

20,786

 

 

 

65,073

 

Staff and Personnel

 

 

1,828

 

 

 

11,617

 

 

 

13,445

 

Occupancy

 

 

235

 

 

 

13,095

 

 

 

13,330

 

Marketing and advertising

 

 

162

 

 

 

4,091

 

 

 

4,253

 

Other segment items (1)

 

 

2,085

 

 

 

7,122

 

 

 

9,207

 

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

 

 

26,455

 

 

 

(589

)

 

 

25,866

 

Unallocated Corporate (2)

 

 

 

 

 

 

 

 

(19,298

)

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

 

 

 

 

 

 

 

$

6,568

 

 

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

August 1, 2026

 

 

August 2, 2025

 

 

August 1, 2026

 

 

August 2, 2025

 

Depreciation and Amortization:

 

 

 

 

 

 

 

 

 

 

 

 

  Vince Wholesale

 

$

80

 

 

$

85

 

 

$

156

 

 

$

161

 

  Vince Direct-to-Consumer

 

 

448

 

 

 

614

 

 

 

912

 

 

 

1,224

 

Total Segment Depreciation and Amortization

 

 

528

 

 

 

699

 

 

 

1,068

 

 

 

1,385

 

  Unallocated Corporate

 

 

70

 

 

 

74

 

 

 

146

 

 

 

149

 

Total Depreciation and Amortization

 

$

598

 

 

$

773

 

 

$

1,214

 

 

$

1,534

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Capital Expenditures:

 

 

 

 

 

 

 

 

 

 

 

 

  Vince Wholesale

 

$

202

 

 

$

237

 

 

$

202

 

 

$

333

 

  Vince Direct-to-Consumer

 

 

529

 

 

 

1,762

 

 

 

745

 

 

 

3,052

 

Total Segment Capital Expenditures

 

 

731

 

 

 

1,999

 

 

 

947

 

 

 

3,385

 

  Unallocated Corporate

 

 

16

 

 

 

107

 

 

 

16

 

 

 

145

 

Total Capital Expenditures

 

$

747

 

 

$

2,106

 

 

$

963

 

 

$

3,530

 

 

 

 

As of

 

 

 

August 1, 2026

 

 

January 31, 2026

 

Total Assets:

 

 

 

 

 

 

  Vince Wholesale

 

$

81,416

 

 

$

75,339

 

  Vince Direct-to-Consumer

 

 

101,233

 

 

 

101,008

 

Total Segment Assets

 

 

182,649

 

 

 

176,347

 

  Unallocated Corporate

 

 

46,263

 

 

 

48,694

 

Total Assets

 

$

228,912

 

 

$

225,041

 

 

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

(2) Unallocated Corporate for the three and six months ended August 1, 2026 includes Other income related to the IEEPA Tariff Refunds of $488. Unallocated Corporate for the three and six months ended August 2, 2025 includes the ERC benefit of $7,173. See Note 9 "Commitments and Contingencies" for further information.

*Cost of Products Sold for the three months ended August 1, 2026 includes royalty expenses of $3,021 and $962 for the Wholesale and Direct-to-consumer segments, respectively. Cost of Products Sold for the six months ended August 1, 2026 includes royalty expenses of $4,857 and $1,921 for the Wholesale and Direct-to-consumer segments, respectively. Cost of Products Sold for the three months ended August 2, 2025 includes royalty expenses of $2,777 and $846 for the Wholesale and Direct-to-consumer segments, respectively. Cost of Products Sold for the six months ended August 2, 2025 includes royalty expenses of $4,539 and $1,666 for the Wholesale and Direct-to-consumer segments, respectively. In addition, Cost of Products sold for the three and six months ended August 1, 2026 includes IEEPA Tariff Refunds of $7,154 and $3,214 for the Wholesale and Direct-to-consumer segments, respectively. See Note 9 "Commitments and Contingencies" for further information.