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Noticias de VNCE
Eventos de VNCE
Major Averages Close Broadly Lower as Oil Surpasses $100
The major averages closed broadly lower, extending the week's sharp losses as oil surpassed $100 per barrel amid escalating tensions between the U.S. and Iran as part of a war that has reached its seventh month. The increase in oil prices is keeping inflation front and center, as is today's producer price index report. For the Federal Reserve's policy decision next week, markets are now pricing roughly a 62% probability of a 25-basis-point rate hike, a significant shift from expectations earlier in the month.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Macy'sprovided areport for Q2Nasdaqwill invest $100M inAeroVironmentreportedand reiterated its FY27 outlookBending SpoonsMiro for $1.355BOpenAI introduced2. WALL STREET CALLS:Meta Platformsto Overweight from Neutral at JPMorganUberto Neutral from Buy at AreteNikewith an Underweight at Morgan StanleyStoneXBlockto Buy, says AI rebuild is workingCooper Companiesat Piper Sandler, Baird, BofA and William Blair3. AROUND THE WEB:Federal officials are poised to declare an end to largest known cyclosporiasis outbreak, Washington Post reportsKinetikis in the early stages of exploring options, including a potential sale, Bloomberg reportsDellhas raised $5B from an investment-grade bond sale, riding the surge in revenue from AI servers, Bloomberg saysVolkswagenexpects the total cost of job cuts and potential plant closures will be around $18.6B, Reuters reportsOpenAI is expanding its ties with Samsung Electronicsas it works to develop its own chips, Reuters says4. MOVERS:Clover Healthgained after Deutsche Bankcoverage of the stock with a Buy ratingWealthfrontincreased after, with EPS missing consensusLincoln Electricdeclined after CFO Gabe Bruno said inflation willNavanfell afterand acquiring BoomPopAmerican Eaglewas lower afterand providing guidance for Q3 and FY265. EARNINGS/GUIDANCE:Shoe Station Groupand provided its outlook for FY26Vince Holdingthat CEO Brendan Hoffman called "strong," with "excellent growth across both our direct-to-consumer and wholesale channels"Designer Brandand raised its outlook for FY26Labcorpreaffirmed itsand provided its long-term outlookMasterCraft Boat, with EPS and revenue beating consensusINDEXES:The Dow fell 316.56, or 0.60%, to 52,064.10, the Nasdaq lost 171.62, or 0.65%, to 26,081.73, and the S&P 500 declined 44.66, or 0.58%, to 7,591.70.
Major Averages Broadly Lower as Oil Surpasses $100
The major averages were broadly lower near noon, extending the week's sharp losses as oil surpassed $100 per barrel amid escalating tensions between the U.S. and Iran as part of a war that has reached its seventh month. The more than 4% increase in oil prices is keeping inflation front and center, as is today's producer price index report. For the Federal Reserve's policy decision next week, markets are now pricing roughly a 62% probability of a 25-basis-point rate hike, a significant shift from expectations earlier in the month.In corporate news, Oracle and Adobe report earnings after the close, giving investors another read on enterprise software spending and AI-related investment.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Macy'sprovided areport for Q2Nasdaqwill invest $100M inAeroVironmentreportedand reiterated its FY27 outlookBending SpoonsMiro for $1.355BCooper Companiescut its FY26 earnings guidance and said it won't sell CooperSurgical2. WALL STREET CALLS:Meta Platformsto Overweight from Neutral at JPMorganUberto Neutral from Buy at AreteNikewith an Underweight at Morgan StanleyStoneXBlockto Buy, says AI rebuild is workingCooper Companiesat Piper Sandler, Baird, BofA and William Blair3. AROUND THE WEB:Kinetikis in the early stages of exploring options, including a potential sale, Bloomberg reportsDellhas raised $5B from an investment-grade bond sale, riding the surge in revenue from AI servers, Bloomberg saysVolkswagenexpects the total cost of job cuts and potential plant closures will be around $18.6B, Reuters reportsOpenAI is expanding its ties with Samsung Electronicsas it works to develop its own chips, Reuters saysA major Novartisshareholder is calling for board changes following successive clinical setbacks and concerns over the company's acquisition track record, arguing that stronger deal oversight and changes to governance and compensation are needed to improve accountability and prevent further value destruction, Reuters reports4. MOVERS:Clover Healthgains after Deutsche Bankof the stock with a Buy ratingWealthfront (WLTH) increases after, with EPS missing consensusRedwood Trustdeclines after announcing aNavanfalls afterand acquiring BoomPopAmerican Eaglelower afterand providing guidance for Q3 and FY265. EARNINGS/GUIDANCE:Shoe Station Groupand provided its outlook for FY26Vince Holdingthat CEO Brendan Hoffman called "strong," with "excellent growth across both our direct-to-consumer and wholesale channels"Designer Brandand raised its outlook for FY26Labcorpfor FY26 and provided its long-term outlookMasterCraft Boat, with EPS and revenue beating consensusINDEXES:Near midday, the Dow was down 304.25, or 0.58%, to 52,076.41, the Nasdaq was down 147.64, or 0.56%, to 26,105.70, and the S&P 500 was down 39.84, or 0.52%, to 7,596.52.
Vince Expects Q3 FY2026 Net Sales to Increase 5%-8%
For the third quarter of fiscal 2026 the Company expects the following for the Vince Business: Net sales to increase approximately 5% to 8% compared to the prior year period. Adjusted operating income as a percentage of net sales to be approximately 7.5% to 8.5%. Adjusted EBITDA as a percentage of net sales to be approximately 8.5% to 9.5%.
Vince Expects 8% to 10% Net Sales Growth for Fiscal 2026
For fiscal 2026 the Company expects the following for the Vince Business: Net sales to increase approximately 8% to 10% compared to the prior year. Adjusted operating income as a percentage of net sales to be approximately 7.5% to 8.0%. Adjusted EBITDA as a percentage of net sales to be approximately 9.0% to 9.5%.
VNCE Reports Q2 Revenue of $81.8M
Reports Q2 revenue $81.8M vs. $73.2M last year. Brendan Hoffman, Chief Executive Officer of VNCE said, "We delivered strong results this quarter, with excellent growth across both our direct-to-consumer and wholesale channels, and this momentum gives us confidence to raise our full-year guidance. Importantly, the recent completion of the OVO acquisition marks a pivotal moment for our Company. We are entering the streetwear market through a brand with deep cultural roots and an authentic customer connection, and we're bringing to it the operating discipline and infrastructure that have driven Vince's turnaround. The acquisition provides a significant growth runway and we see meaningful opportunities to expand OVO's retail presence and launch wholesale distribution through longstanding relationships, positioning the combined platform for substantial long-term value creation."
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