By  on April 12, 2018

Vince Holding Corp., driven by sales momentum and an $82 million tax benefit, moved into the black in the fourth quarter, reporting net income of $74.5 million, or $6.41 per diluted share for the period ending Feb. 3, 2018, compared with a net loss of $162.1 million, or $32.81 a share, for the year-ago period.

On an adjusted basis, there was a net loss of $2.4 million, or 20 cents a share, indicating improvement in operations from the year-ago period when there was a loss of $7.6 million or $1.55 a share.

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