UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K New York, New York 10110 (Address of principal executive offices) (Zip code) (323) 421-5980 (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended February 1, 2025 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-36212 VINCE HOLDING CORP. (Exact name of reg ...

Financial Data and Key Metrics Changes - The company reported a net sales increase of 6.2% in Q4 fiscal 2024, reaching $80 million compared to $75.3 million in Q4 fiscal 2023, with a 9% increase when excluding the impact of an extra week in the prior year [15][16] - Adjusted operating margin improved by 100 basis points despite relatively flat sales performance year-over-year [14] - The net loss for Q4 was $28.3 million, or a loss per share of $2.24, compared to a net loss of $4.7 million, or a loss per share of $0.37, in the same period last year [20] Business Line Data and Key Metrics Changes - The wholesale segment saw a significant increase of 26.7%, which offset an 8.1% decrease in the direct-to-consumer segment [16] - The direct-to-consumer business was impacted by store closures, remodels, and relocations, leading to inconsistent store sales performance [8][16] - Gross profit for Q4 was $40.1 million, representing 50.1% of net sales, an increase from 45.4% in the prior year, driven by lower promotional activity and reduced product costs [17] Market Data and Key Metrics Changes - As of the end of fiscal 2024, over 60% of the company's cost of goods sold were sourced from China, highlighting significant exposure to tariff impacts [9][21] - The company is actively working on diversifying its sourcing base to mitigate tariff risks, planning to move about one-third of its exposure outside of China for fall products [9][21] Company Strategy and Development Direction - The company is focused on navigating evolving tariff policies and managing consumer behavior changes due to the dynamic market environment [8][10] - A transformation plan implemented over the past year has delivered $10 million in savings, which will now assist in managing tariff mitigation strategies [10] - The company is enthusiastic about expanding its product categories, particularly in accessories, and is planning new store openings in the U.S. and internationally [31] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate current challenges due to the strong foundation built over the past year [10][12] - The company will not provide full-year guidance due to increased uncertainty regarding tariffs and consumer behavior [10][22] - For Q1 fiscal 2025, the company expects a sales decline of approximately 5% compared to the prior year, primarily due to planned store activities and shifts in wholesale shipments [23] Other Important Information - A non-cash goodwill impairment charge of $32 million was recorded in Q4 due to a change in control of ownership [18][19] - The company is evaluating strategic price increases to absorb increased costs associated with tariffs [10][21] Q&A Session Summary Question: Potential for new product categories and store expansion - Management is excited about the evolution of product categories, particularly in accessories, and is planning new store openings in the U.S. and London [30][31] Question: Marketing to core customers and price increases - The company has focused on full-price customers, which will support potential price increases due to tariffs [34] Question: Revenue shift in wholesale - The revenue shift in wholesale to Q4 was not material, as Q4 is a larger business compared to Q1 [40] Question: Impact of tariffs on product introductions - There will be some SKU reduction due to tariffs, but the company is confident in changing sourcing to protect key items [42] Question: Strategy on freight methods - The company is balancing between air and boat freight to maintain flexibility in response to tariff changes [45]

Financial Performance - Q4 FY2024 net sales increased 6.2% to $80.0 million compared to $75.3 million in Q4 FY2023, driven by strength in the wholesale channel[3] - FY2024 net sales totaled $293.5 million, a slight increase of 0.2% from $292.9 million in FY2023, primarily due to the wholesale channel performance[6] - Q4 FY2024 gross profit was $40.1 million, representing a gross margin of 50.1%, up from 45.4% in Q4 FY2023, with a 320 basis point improvement from lower promotional activity[3] - FY2024 gross profit increased to $145.2 million, or 49.5% of net sales, compared to $133.3 million, or 45.5% of net sales in FY2023[6] - The company reported a net loss of $28.3 million, or $(2.24) per share, in Q4 FY2024, compared to a net loss of $4.7 million, or $(0.37) per share, in the same period last year[6] - Adjusted income from operations for FY2024 was $7.3 million, compared to $4.0 million in FY2023, despite a loss from operations of $(17.2) million[6] Future Outlook - The company expects Q1 FY2025 net sales to decline approximately 5% and adjusted operating margin to decrease by approximately 500 basis points compared to the prior year[15] - Forward-looking statements indicate potential risks including changes in trade policies, cash flow maintenance, and competition in the apparel industry[25] Cost Management and Savings - The Transformation Program yielded over $10 million in savings during FY2024, with ongoing adjustments to mitigate tariff impacts[14] Debt and Equity - The company ended FY2024 with total borrowings of $19.2 million and $39.8 million of excess availability under its revolving credit facility[12] - Long-term debt stood at $19,156,443, a slight increase from $9,950,000[27] - Total equity was reported at $222,735,000, down from $225,149,000[27] Segment Reporting - The company has identified two reportable segments: Vince Wholesale and Vince Direct-to-consumer, following the winddown of Rebecca Taylor and Parker[10] Recent Performance Metrics - Net sales for the three months ended February 1, 2025, were $79.95 million, an increase from $75.31 million for the same period in 2024, representing a growth of 3.5%[26] - Gross profit for the three months ended February 1, 2025, was $40.08 million, with a gross margin of 50.1%, compared to a gross profit of $34.17 million and a margin of 45.4% in the prior year[26] - The company reported a net loss of $28.35 million for the three months ended February 1, 2025, compared to a net loss of $4.67 million for the same period in 2024[26] - Selling, general and administrative expenses were $37.78 million, accounting for 47.2% of net sales, slightly down from 47.6% in the previous year[26] - The impairment of goodwill amounted to $31.97 million for the three months ended February 1, 2025, which was not present in the same period of the previous year[26] - The company experienced a loss from operations of $29.67 million, compared to a loss of $1.68 million in the prior year, indicating a significant decline in operational performance[26] - Basic and diluted loss per share for the three months ended February 1, 2025, was $2.24, compared to a loss of $0.37 per share in the same period of 2024[26] - The weighted average shares outstanding for the three months ended February 1, 2025, were 12,636,277, compared to 12,503,472 in the prior year[26] Asset and Liability Management - Total current assets increased to $96,576,684 from $80,202,000[27] - Cash and cash equivalents rose to $607,000 from $357,000[27] - Total liabilities and stockholders' equity amounted to $222,735,000 compared to $225,149,000[27] - Current liabilities decreased to $73,546,661 from $42,828,000[27] - Accounts payable decreased to $35,090 from $31,678[27] - Accrued salaries and employee benefits increased to $87,093 from $96,967[27] - Total current liabilities decreased from $73,546,661 to $42,828,000[27] - Goodwill reported at $31,973,000, unchanged from previous figures[27] Year-End Financial Results - For the three months ended February 1, 2025, the net loss was $28,345,000, compared to a loss of $31,973,000 for the same period last year, reflecting an improvement of approximately 11%[29] - The loss from operations for the year ended February 1, 2025, was $17,176,000, while the adjusted loss was $7,318,000, indicating a significant reduction in operational losses[29] - The company reported a net income of $25,446,000 for the year ended February 3, 2024, with earnings per share of $2.04, compared to $2.57 in the previous year[31] - The interest expense for the year ended February 1, 2025, was $6,569,000, consistent with the previous year's figures, indicating stable financing costs[29] - The company recognized a goodwill impairment charge of $31,973,000 for the year ended February 1, 2025, which significantly impacted the reported income[29] - The equity in net income of equity method investments was $606,000 for the three months ended February 1, 2025, showing stable performance from these investments[29] - The company experienced a tax benefit of $3,006,000 due to the reversal of a non-cash deferred tax liability associated with the goodwill impairment[30] - The adjusted loss per share for the three months ended February 1, 2025, was $0.06, compared to a loss of $2.53 per share as reported[29] - The company reported a gain on the sale of a subsidiary amounting to $7,634,000 for the year ended February 3, 2024, contributing positively to the overall financial results[31] - The total transaction-related expenses for the year ended February 3, 2024, were $5,030,000, reflecting costs associated with strategic initiatives[31]

Vince Holding Corp. (VNCE) is trading at an attractive valuation, considering its price-to-sales (P/S) multiple, which is significantly lower than both the Zacks Textile - Apparel industry and the broader Consumer Discretionary sector. VNCE’s forward 12-month P/S ratio is 0.11, well below the industry average of 2.2 and the sector average of 1.82.From a value perspective, VNCE appears undervalued relative to its peers, suggesting a potential upside for investors seeking bargains in the apparel space. With a ...

Vince Holding Corp. (VNCE) has experienced a remarkable 85.9% surge in its stock price over the past three months, drawing significant attention from investors. This remarkable rally raises an important question: Should investors lock in their gains now, or is there room for further growth?The company continues to strengthen its performance by focusing on a healthier, full-price business and executing its Transformation Plan successfully. The ongoing strength of the Vince brand remains a key driver, resonat ...

The Consumer Discretionary group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Vince Holding Corp. (VNCE) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Consumer Discretionary sector should help us answer this question.Vince Holding Corp. is one of 267 companies in the Consumer Discretionary group. The Consumer Discretionary group currently sits at #5 within the ...

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Financial Performance - Net sales for the three months ended November 2, 2024 were $80.162 million, a decrease of $3.914 million or 4.7% compared to $84.076 million for the same period in 2023[89] - Gross profit increased by 7.7% to $40.058 million in Q3 2024, with gross margin improving to 50.0% from 44.2% in Q3 2023[89] - Selling, general and administrative (SG&A) expenses decreased by $59 thousand or 0.2% to $34.297 million in Q3 2024, representing 42.8% of net sales compared to 40.9% in Q3 2023[89] - The company reported net income of $4.349 million or 5.4% of net sales for Q3 2024, compared to $983 thousand or 1.2% of net sales in Q3 2023[89] - Net sales for the nine months ended November 2, 2024 decreased by $4,077 (1.9%) to $213,502 compared to $217,579 for the nine months ended October 28, 2023[102] - Gross profit increased by 6.0% to $105,102 for the nine months ended November 2, 2024 from $99,125 in the nine months ended October 28, 2023, with gross margin improving to 49.2% from 45.6%[102] - SG&A expenses increased by $1,611 (1.6%) to $100,241 for the nine months ended November 2, 2024 from $98,630 for the nine months ended October 28, 2023[102] - Interest expense, net decreased by $4,436 (47.1%) to $4,984 in the nine months ended November 2, 2024 from $9,420 in the nine months ended October 28, 2023[102] - Benefit for income taxes for the nine months ended November 2, 2024 was $1,681, compared to $5,368 for the nine months ended October 28, 2023[104] Segment Performance - Vince Wholesale segment net sales increased by $7,492 (6.3%) to $126,206 in the nine months ended November 2, 2024 from $118,714 in the nine months ended October 28, 2023[106] - Vince Direct-to-consumer segment net sales decreased by $11,378 (11.5%) to $87,296 in the nine months ended November 2, 2024 from $98,674 in the nine months ended October 28, 2023[109] - Income from operations for the Vince Wholesale segment increased by $9,972 (28.4%) to $45,070 in the nine months ended November 2, 2024 from $35,098 in the nine months ended October 28, 2023[106] - Vince Direct-to-consumer segment had a loss from operations of $848 in the nine months ended November 2, 2024 compared to income from operations of $2,151 in the nine months ended October 28, 2023[109] - Net sales from the Rebecca Taylor and Parker segment decreased by $191, or 100.0%, to $0 in the nine months ended November 2, 2024, compared to $191 in the same period in 2023, primarily due to the wind down of the businesses[110] - Income from operations for the Rebecca Taylor and Parker segment was $7,633 in the nine months ended November 2, 2024, compared to $2,443 in the same period in 2023, driven by the gain on the sale of Rebecca Taylor[110] Store Operations and E-commerce - The company operates 47 full-price retail stores and 14 outlet stores for the Vince brand, along with e-commerce and subscription services[86] - Total retail store count decreased to 61 (47 full price stores and 14 outlet stores) as of November 2, 2024 from 66 (49 full price stores and 17 outlet stores) as of October 28, 2023[109] Strategic Initiatives and Partnerships - The company completed the sale of Rebecca Taylor's intellectual property and related assets on December 22, 2022, and all Rebecca Taylor retail and outlet stores were closed by January 28, 2023[94] - The company entered into a strategic partnership with Authentic Brands Group on April 21, 2023, contributing its intellectual property for cash consideration and a membership interest[86] - The company implemented a transformation program focused on improving gross margin profile and cost efficiencies through streamlined operations and reduced promotional activity[87] Debt and Financing - Interest expense decreased by $302 thousand or 15.2% to $1.691 million in Q3 2024, primarily due to lower levels of debt under revolving credit facilities[93] - The company repaid $28,724 under the Term Loan Credit Facility on May 25, 2023, including accrued interest and a prepayment penalty of $553[117] - The 2023 Revolving Credit Facility provides a revolving line of credit of up to $85,000, with a letter of credit sublimit of $10,000, and matures on June 23, 2028[118] - The 2023 Revolving Credit Facility has a weighted average interest rate of 7.8% as of November 2, 2024, with $44,078 available, $17,357 in borrowings, and $6,215 in letters of credit outstanding[120] - The company incurred $1,150 in financing costs during fiscal year 2023, with $23 and $1,147 incurred during the three and nine months ended October 28, 2023, respectively[120] - The 2018 Revolving Credit Facility was terminated on June 23, 2023, with $828 in expenses recorded during the nine months ended October 28, 2023, related to the write-off of deferred financing costs[121] - The Third Lien Credit Facility has an interest rate of Daily Simple SOFR plus 9.0%, with a credit spread adjustment of 0.10% per annum, and a maturity date extended to September 30, 2028[124] - The company incurred $485 in deferred financing costs associated with the Third Lien Credit Facility, with a $400 closing fee payable in kind and added to the principal balance[124] - The 2023 Revolving Credit Facility requires Excess Availability to be no less than the greater of 10.0% of the Loan Cap or $7,500 at all times[120] - The Third Lien Credit Facility is secured by a lien on substantially all of the company's assets, with obligations guaranteed by the company and its subsidiaries[124] Cash Flow - Net cash used in operating activities was $633 in the nine months ended November 2, 2024, compared to $13,121 in the same period in 2023, primarily due to changes in working capital[113] - Net cash used in investing activities was $2,725 in the nine months ended November 2, 2024, primarily related to capital expenditures for retail store buildouts[114] - Net cash provided by financing activities was $3,087 in the nine months ended November 2, 2024, primarily due to net borrowings under the revolving credit facilities[116] Industry and Accounting Considerations - The apparel and fashion industry is cyclical, with revenues affected by seasonal trends, economic conditions, and consumer spending factors[125] - The company's financial statements rely on critical accounting estimates, including the fair value assessment of goodwill, which is tested for impairment annually[126] - The Vince Wholesale reporting unit exceeded its carrying value by 7.9% in the fourth quarter of fiscal 2023, based on the annual impairment test[126]

Exhibit 99.1 VINCE HOLDING CORP. REPORTS THIRD QUARTER 2024 RESULTS Net Sales of $80.2 Million Gross Margin Increased 580 basis points vs. Q3 FY2023 Reiterates Full Year FY2024 Outlook NEW YORK, New York – December 10, 2024 – Vince Holding Corp. (NYSE: VNCE) ("VNCE" or the "Company"), a global contemporary retailer, today reported its financial results for the third quarter ended November 2, 2024. David Stefko, Interim Chief Executive Officer of VNCE said, "Our ongoing focus on driving a healthier, full-pri ...