Consolidated net revenues totaled $110.8 million Net income totaled $5.7 million, or $0.19 per diluted share; Non-GAAP net income totaled $3.9 million, or $0.13 per diluted share Balance sheet remains strong, with cash and cash equivalents of $44.1 million, no debt, and year-over-year inventories down nearly 5% Updates outlook for fiscal year ending February 1, 2025 FORT WAYNE, Ind., Sept. 11, 2024 (GLOBE NEWSWIRE) -- Vera Bradley, Inc. (Nasdaq: VRA) today announced its financial results for the second quar ...

FORT WAYNE, Ind., Aug. 27, 2024 (GLOBE NEWSWIRE) -- Vera Bradley, Inc. (Nasdaq: VRA) (the "Company") and its iconic American bag, luggage, and lifestyle brand, Vera Bradley, have collaborated with lifestyle retailer Urban Outfitters to launch a vintage-inspired capsule collection. The exclusive collection features six thoughtfully designed re-editions of some of Vera Bradley's most popular styles: the Vintage Tote, Molly Shoulder Bag, Vintage Duffel, Large Duffel, Zip Card Pouch with Keyring, and Duffle Bag ...

The new product assortment, available to shop now, features elevated fabrics and performance materials, such as cotton gabardine, oxford canvas, and genuine full grain leather, and includes an expansion of modernized silhouettes. The new styles have been elegantly redesigned while honoring the heritage and elements that have classically defined Vera Bradley. "I love what the Vera Bradley brand stands for – uplifting women and helping them express themselves. Plus, all of the patterns and colors make the bra ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________ FORM 10-Q ___________________________ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended May 4, 2024 OR ☐ 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: 001-34918 VERA BRADLEY, INC. (Exact name of registrant as specified in it ...

Vera Bradley, Inc. (NASDAQ:VRA) Q1 2025 Earnings Call Transcript June 12, 2024 9:30 AM ET Company Participants Mark Dely - Chief Administrative Officer Jackie Ardrey - CEO Michael Schwindle - CFO Conference Call Participants Daniel Harriman - Sidoti & Company Eric Beder - SCC Research Doug Lane - Water Tower Research Operator Greetings. Welcome to the Vera Bradley First Quarter Fiscal 2025 Earnings Conference Call. At this time, all participants will be in listen-only mode. A question-and-answer session wil ...

VERA BRADLEY ANNOUNCES FIRST QUARTER FISCAL YEAR 2025 RESULTS First quarter consolidated net revenues totaled $80.6 million, compared to $94.4 million last year Strong balance sheet, with cash and cash equivalents of $55.2 million, no debt, and year-over-year inventories down over 12% First quarter net loss totaled ($8.1) million, or ($0.26) per diluted share, compared to a net loss of ($4.7) million, or ($0.15) per diluted share, last year First Quarter Comments "Our team continues to diligently work on Pr ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________________________________ FORM 10-K _____________________________________________ ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended February 3, 2024 OR ☐ 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: 001-34918 _____________________________________________ ...

VERA BRADLEY ANNOUNCES FOURTH QUARTER AND FISCAL YEAR 2024 RESULTS Consolidated net revenues totaled $470.8 million for the fiscal year, compared to $500.0 million last year Net income totaled $7.8 million, or $0.25 per diluted share, for the fiscal year, compared to a net loss of ($59.7) million, or ($1.90) per diluted share, last year Non-GAAP net income totaled $17.2 million, or $0.55 per diluted share, for the fiscal year, compared to a net loss of ($3.2) million, or ($0.10) per diluted share, last year ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________ FORM 10-Q ___________________________ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended October 28, 2023 OR ☐ 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: 001-34918 VERA BRADLEY, INC. (Exact name of registrant as specified ...

Financial Data and Key Metrics Changes - Consolidated net revenues for Q3 totaled $115 million, a decrease from $124 million in the prior year [30] - Consolidated net income was $6.1 million or $0.19 per diluted share, compared to $6.3 million or $0.20 per diluted share last year [30] - Third quarter gross margin was $63 million or 54.8% of net revenues, compared to $65.6 million or 52.9% of net revenues in the prior year [33] - SG&A expenses totaled $55.1 million or 48% of net revenues, down from $57.6 million or 46.4% of net revenues in the prior year [34] - Cash and cash equivalents at quarter end totaled $52.3 million, up from $25.2 million at the end of last year's third quarter [36] Business Line Data and Key Metrics Changes - Vera Bradley Direct segment revenues were $72.3 million, a 9.7% decrease from $80.1 million in the prior year [30] - Vera Bradley Indirect segment revenues increased to $25 million, a 12% increase from $22.3 million in the prior year [32] - Pura Vida segment revenues were $17.7 million, an 18.3% decrease from $21.7 million in the prior year [32] Market Data and Key Metrics Changes - Comparable sales for Vera Bradley declined 8.2%, primarily due to weakness in the outlet channel [31] - Pura Vida's sales decline was attributed to reduced wholesale and e-commerce revenues, although retail store sales remained strong [6][32] Company Strategy and Development Direction - The company is focused on Project Restoration, which aims for long-term profitable growth through four key pillars: consumer, brand, product, and channel [10] - The strategy includes restoring brand relevancy, targeting specific consumer demographics, and enhancing marketing effectiveness [11][13] - There is an emphasis on digital-first strategies and improving full-line store profitability [19][21] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in stabilizing revenues and maintaining strong financial discipline amid current market conditions [9] - The company anticipates a consolidated net revenue range of $472 million to $478 million for the fiscal year, down from $500 million last year [39] - Expected consolidated gross margin percentage is projected to be between 54% and 54.5%, compared to 51.4% in the prior year [39] Other Important Information - The company has taken strategic actions to reduce inventory levels, which were $129.1 million at the end of the quarter, down from $178.3 million last year [36] - The company repurchased approximately 72,000 shares of common stock during the quarter [37] Q&A Session Summary Question: Traffic improvement initiatives - Management noted that marketing initiatives in Q3 were successful in driving traffic but conversion metrics were less effective in driving sales [44] Question: Pura Vida sales decline - Management explained that the decline was due to a lack of repeat promotional activity and a focus on profitability, with retail stores performing well [46] Question: Inventory management - Management expects inventory to decrease by 10% to 15% year-over-year by the end of the year, with ongoing opportunities for improvement [48][49] Question: Indirect sales channel growth - Management highlighted strong performance in the indirect channel due to successful product reorders and a strong partnership with Amazon [52] Question: Leather and performance products - Management confirmed plans to expand the leather collection and noted that existing customers were excited about the new offerings [56] Question: 53rd week in Q4 - Management confirmed the presence of a 53rd week in the fiscal year, though it is expected to contribute a relatively small amount of sales [57]