Why Vince Holding (VNCE) Stock Is Soaring Today

NEW YORK (TheStreet) -- Shares of Vince Holding Corp. (VNCE) have jumped 14.21% to $31.67 following the company's 2014 first quarter results which showed a 32.4% increase in net sales to $53.5 million, compared to $40.4 million from the same period last year.

The diversified apparel company posted a net income of $1.4 million for the most recent quarter, compared to a net loss of -$15.1 million for the 2013 first quarter.

Vince reported diluted earnings of 4 cents per share versus a net loss of -58 cents per diluted share from the year ago quarter.

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