This week's biggest % winners & losers : Sept 9 - 13, 19 (wk 37)

The following are this week's top percentage gainers and losers, categorized by sectors (over $300 mln market cap and 100K average daily volume).

This week's top % gainers

• Healthcare: ACAD (40.45 +69.96%), AKRX (3.64 +37.36%)
• Industrials: MAXR (9.18 +30.03%), REVG (10.65 +28.62%), TPC (12.79 +27.39%)
• Consumer Discretionary: OSTK (24.93 +47.51%),  TEN (14.04 +30.36%), VNCE (14.28 +16.29%)
• Energy: CVIA (2.68 +39.58%)
• Consumer Staples: UNFI (12.09 +29.86%)

This week's top % losers

• Healthcare: VAPO (9.06 -19.61%), APLS (27 -16.1%), ARQL (7.97 -14.48%), RGEN (79.74 -14.29%), NEO (21.36 -13.45%), AXGN (14.35 -12.71%)
• Materials: PVG (11.17 -14.27%), GFI (4.53 -13.05%)
• Industrials: ENPH (22.08 -13.07%)
• Consumer Discretionary: ROKU (147.55 -13.13%),  TLRD
• Information Technology: ZS  (47.48  -25.87%)  AYX (112.17 -21.05%), OLED (180.73 -19.59%), FICO (309.34 -16.26%), PAYC (209.66 -16.01%), OKTA (102.09 -15.8%), AVYA (11.36 -15.22%), HUBS (164.11 -13.24%), FIVN (53.93 -12.52%)
• Financials: MKTX (330.29 -21.25%)
• Consumer Staples: TPB (26.7 -17.23%)

Vince Holding Corp. (VNCE) reported earnings on Thur 12 Sept 19 (a/h)

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NEW YORK--(BUSINESS WIRE)--

Vince Holding Corp. (VNCE), a leading global luxury apparel and accessories brand (“Vince” or the “Company”), today reported unaudited results for the second quarter of fiscal year 2019 ended August 3, 2019.

Highlights for the second quarter ended August 3, 2019:

• Net sales increased 13.0% to $71.4 million as compared to $63.1 million in the same period last year.
• Direct-to-Consumer comparable sales grew 7.1%.
• Gross margin rate increased 480 basis points to 48.7%.
• Operating performance improved $4.4 million to $2.0 million compared to an operating loss of $2.4 million in the same period last year.
• Net earnings improved $4.8 million to net income of $1.0 million or $0.08 per diluted share compared to a net loss of $3.8 million or $0.33 per share in the same period last year.

Brendan Hoffman, Chief Executive Officer, commented, “We were very pleased with the exceptional top and bottom line performance in the second quarter reflecting double digit sales growth in both our direct-to-consumer and wholesale channels. Our results are evidence that the multiple initiatives that we have been undertaking are coming together to deliver strong performance in all areas of the business.

We are excited about the momentum in our business as we continue to make progress across our strategic initiatives which include driving global expansion across our retail, e-commerce and wholesale channels as well as increasing brand awareness globally. We believe that we are well positioned within the luxury market to deliver consistent long term profitable growth and enhance shareholder value.”

For the second quarter ended August 3, 2019:

• Net sales increased 13.0% to $71.4 million compared to $63.1 million in the second quarter of fiscal 2018. Wholesale segment sales increased 14.7% to $43.4 million as compared to $37.8 million in the same period last year due primarily to the acceleration of seasonal wholesale shipments. Direct-to-consumer segment sales increased 10.6% to $28.0 million compared to the second quarter of fiscal 2018. Comparable sales increased 7.1%, including e-commerce sales, primarily due to an increase in transactions and average dollar sale.
• Gross profit was $34.7 million, or 48.7% of net sales, compared to gross profit of $27.7 million, or 43.9% of net sales, in the second quarter of fiscal 2018. The 480 basis point increase in gross margin rate was primarily due to product mix, efficiencies in the product development cycle and sourcing initiatives.
• Selling, general, and administrative expenses were $32.8 million, or 45.9% of sales, compared to $30.1 million, or 47.7% of sales, in the second quarter of fiscal 2018. The growth in SG&A dollars was primarily the result of increased compensation and benefits partially related to growth in stores, increased marketing investments, costs associated with enhancements to our ecommerce and Vince Unfold platforms, as well as higher occupancy costs related to new stores.
• Operating income was $2.0 million, or 2.8% of net sales. Operating loss was $2.4 million for the second quarter of fiscal 2018.

Earnings this week : Sept 9 - 15, 19 (wk 37)

Monday (Sept 9)

• Afternoon: AGX CASY CTRP PHR

Tuesday (Sept 10)

• Morning: HDS
• Afternoon: PLAY FARM GME RH  ZS

Wednesday (Sept 11)

• Morning: LOVE
• Afternoon: ACB OXM  ORCL  TLRD

Thursday (Sept 12)

• Morning: DLTH KR MCFT
• Afternoon: AVGO UEPS  VNCE

Friday (Sept 13) 

• none

Vince Holding (VNCE) reported earnings on Thur 7 Dec 17 (b/o)

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Vince Holding reports Q3 results with comps +4.4% including e-commerce 

• Q3 net income +3% to $3.5 mln. EPS was $0.41 for the third quarter of fiscal 2017, based on 8.6 million diluted weighted average shares outstanding. This compares to $0.68 per diluted share, based on 4.9 million diluted weighted average shares outstanding for the third quarter of fiscal 2016, on a reverse split adjusted basis.
• Net sales increased 4.1% to $79.1 million from $76.0 million in the third quarter of fiscal 2016. Wholesale segment sales increased 3.5% to $53.0 million, primarily driven by an increase in off-price sales. This was partially offset by the expected reduced sell-in to the full-price wholesale channel. Direct-to-consumer segment sales increased 5.3% to $26.1 million compared to the third quarter of fiscal 2016. Comparable sales increased 4.4%, including e-commerce sales, due to an increase in average unit retail. Gross profit was $36.7 million, or 46.4% of net sales, compared to gross profit of $38.0 million, or 50.0% of net sales, in the third quarter of fiscal 2016.
• Net inventory at the end of the third quarter of fiscal 2017 was $51.4 million compared to $34.4 million at the end of the third quarter of fiscal 2016. The increase in net inventory was primarily driven by the timing and growth of off-price shipments.
• "As we look ahead, we will work to drive continued momentum in our direct-to-consumer business as well as to execute a more focused and profitable wholesale business. We plan to accomplish this by further refining our merchandise offering, investing in marketing programs with a focus on building brand awareness and deepening customer engagement, and growing our retail and eCommerce presence. Overall, we are excited about the inflection points in our business and we believe we are on the right track to deliver sustainable profitable growth over the long term." 

Vince Holding (VNCE) reported earnings on Fri 28 Apr 2017 (b/o)

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Vince Holding misses by $0.10, misses on revs; discloses going concern, material weakness; suspends guidance :

• Reports Q4 (Jan) loss of $0.15 per share, excluding $3.13/share impairment, $0.10 worse than the two analyst estimate of ($0.05); revenues fell 21.9% year/year to $63.9 mln vs the $74.55 mln two analyst estimate. 
  • Wholesale segment net sales decreased 28.4% to $34.4 million primarily due to a reduction in both off-price and replenishment orders, as well as an increase in allowances. Direct-to-consumer segment net sales decreased 12.6% to $29.4 million compared to the fourth quarter of fiscal 2015. Comparable sales decreased 20.5%, including e-commerce sales, as a result of declines in the number of transactions, due to reduced traffic, and a decrease in average order value.
• In accordance with new accounting guidance that became effective for the Company's fiscal year ended January 28, 2017, management has concluded that there is substantial doubt about the Company's ability to continue as a going concern for the twelve months following the date that the financial statements are issued, specifically relating to its ability to comply with the consolidated net total leverage ratio under its term loan facility. The Company's assessment did not take into account management's plans to mitigate such substantial doubt that could be reasonably possible of occurring but are not final, including discussions with lenders and with its majority shareholder on additional financing options and actions to improve the capital structure of the Company. As of January 28, 2017, the Company was in compliance with applicable financial covenants.
• As a result of management's assessment of the effectiveness of the Company's internal control over financial reporting as of January 28, 2017, the Company identified deficiencies in internal control over financial reporting that were assessed as material weaknesses. The Company has subsequently performed additional analysis, substantive testing and other post-closing procedures to ensure that its consolidated financial statements were prepared in accordance with U.S. GAAP. Accordingly, management believes that its consolidated financial statements fairly present its financial condition, results of operations and cash flows for the periods stated, in all material respects. The Company is taking specific steps to remediate these material weaknesses by implementing and enhancing its control procedures. These material weaknesses will not be remediated until all necessary internal controls have been implemented, tested and determined to be operating effectively.
• "As we look to 2017, we have made the prudent decision to suspend our sales and EPS guidance as we work to make our new systems more efficient and complete our business transition. This decision to suspend guidance was further driven by the difficult retail environment in which we continue to operate. That said, we remain focused on expanding our direct-to-consumer business, optimizing our wholesale channel, and growing our international presence over the long-term."

VNCE — NR

Vince Holding (VNCE) reported earnings Tue 7 June 2016 (b/o)

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Vince Holding beats by $0.06, beats on revs; reaffirms FY17 EPS guidance, revs guidance :

• Reports Q1 (Apr) loss of $0.05 per share, $0.06 better than the Capital IQ Consensus of ($0.11); revenues rose 13.0% year/year to $67.6 mln vs the $55.45 mln Capital IQ Consensus. 
  • Wholesale segment sales increased 16.9% to $44.8 million and direct-to-consumer segment sales increased 6.1% to $22.9 million over the first quarter of fiscal 2015.
  • Comparable sales decreased 12.3%, including e-commerce sales, which was in line with expectations, due to the planned reduction in promotional activity and inventory levels.
  • Gross profit was $28.3 million, or 41.8% of net sales. This compares to gross profit of $30.7 million, or 51.4% of net sales, in the first quarter of fiscal 2015. The decrease in gross profit rate was primarily attributable to a change in product mix and continued strategic investments.
• Co reaffirms guidance for FY17, sees EPS of $0.00-0.06 vs. $0.03 Capital IQ Consensus; sees FY17 revs of $290-305 mln vs. $298.75 mln Capital IQ Consensus, including revenues from six new retail stores and comparable sales growth inclusive of ecommerce sales in the flat to low-single digit range. The Company expects sales to decrease in the mid- to high-single digit range for the first half of the year and to be flat or increase in the mid-single digit range in the second half of the year as compared to the same prior year periods; Gross margin of ~47%. 

VNCE — is it a buy?

• Apr. 15:  Is VNCE a buy?

• 2 months later:

Vince Holding (VNCE) reported earnings Tue 29 March 2016 (b/o)

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Vince Holding (VNCE) reported earnings on Thur 10 Dec 2015 (a/h)

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Vince Holding beats by $0.06, beats on revs; guides FY16 EPS below consensus, revs in-line :

• Reports Q3 (Oct) earnings of $0.13 per share, excluding non-recurring items,$0.06 better than the Capital IQ Consensus of $0.07; revenues fell 21.5% year/year to $80.86 mln vs the $75.44 mln Capital IQ Consensus.
• Co issues guidance for FY16, sees EPS of $0.17-0.21, excluding non-recurring items, vs. $0.33 Capital IQ Consensus Estimate; sees FY16 revs of $285-290 mln vs. $289.3 mln Capital IQ Consensus Estimate.
• "Our third quarter results were largely in line with our expectations. We saw continued challenges in the wholesale channel and less traffic in our direct-to-consumer business, along with deeper discounts, which is consistent with what we are seeing in the overall retail environment. Looking ahead, I am excited to be leading the Vince brand and I look forward to working with our founders, Rea and Christopher, as well as the rest of the team to recapture the brand DNA and position the Company for long term sales and profitability growth."

Great trade : VNCE (12/15)

2 weeks later, after earnings: