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 July 29, 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 in ...

Vera Bradley, Inc. (NASDAQ:VRA) Q2 2024 Earnings Conference Call August 30, 2023 9:30 AM ET Company Participants Mark Dely - Chief Administrative Officer Jacqueline Ardrey - President & CEO Michael Schwindle - CFO Conference Call Participants Joe Gomes - Noble Capital Eric Beder - SCC Research Operator Good morning, ladies and gentlemen. Thank you for standing by. Welcome to the Vera Bradley Second Quarter Conference Call for Fiscal 2024. At this time, all participants are in a listen-only mode. Following t ...

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 April 29, 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 in ...

Vera Bradley, Inc. (NASDAQ:VRA) Q1 2024 Earnings Conference Call June 7, 2023 9:30 AM ET Company Participants Mark Dely - CAO Jacqueline Ardrey - President and CEO John Enwright - Departing CFO Michael Schwindle - CFO Conference Call Participants Joe Gomes - Noble Capital Eric Beder - SCC Research Operator Please standby. Good morning ladies and gentlemen. Thank you for standing by. Welcome to the Vera Bradley First Quarter Conference Call for Fiscal 2024. At this time, all participants are in a listen-only ...

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 January 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 a ...

Financial Data and Key Metrics Changes - Consolidated net revenues totaled $500 million for fiscal 2023, down from $540.5 million in fiscal 2022, representing a decrease of approximately 7.4% [18] - Consolidated net income was $7.6 million or $0.24 per diluted share, compared to $19.7 million or $0.57 per diluted share last year, indicating a significant decline in profitability [18] - Gross profit for the year was $257.2 million, or 51.4% of net revenues, down from $287.9 million, or 53.3% of net revenues in the previous year, reflecting pressure on margins [20] - SG&A expenses were $245.3 million, or 49.1% of net revenues, compared to $258.8 million, or 47.9% of net revenues last year, showing a reduction due to cost control initiatives [21] - Year-end cash and cash equivalents were $46.6 million, down from $88.4 million at the prior year-end, indicating a decrease in liquidity [22] Business Line Data and Key Metrics Changes - Vera Bradley direct segment revenues were $328.2 million, a 7.5% decrease from $354.9 million in the prior year, with comparable sales declining 9.5% [18] - Vera Bradley Indirect segment revenues increased to $73.3 million, up 11.1% from $66 million last year, reflecting growth in key account orders [19] - Pura Vida segment revenues totaled $98.4 million, a 17.7% decrease from $119.6 million in the prior year, impacted by challenges in e-commerce and wholesale channels [19] Market Data and Key Metrics Changes - E-commerce revenues for Vera Bradley improved due to targeted customer retention efforts, while Full-Line and Factory store revenues were negatively affected by traffic levels [6] - Pura Vida's e-commerce trends improved due to strategic promotions, but overall challenges persisted in social and digital media effectiveness [7] Company Strategy and Development Direction - The company is focusing on Project Restoration, targeting four key pillars: consumer, brand, product, and channel to drive long-term growth [30] - Vera Bradley aims to restore brand relevancy by targeting casual and feminine women aged 35 to 54, while Pura Vida will focus on the carefree 18 to 24-year-old collegiate demographic [31][34] - The company plans to enhance its digital presence and differentiate its Full-Line and Factory stores through unique product offerings and marketing strategies [33] Management's Comments on Operating Environment and Future Outlook - Management anticipates a rebuilding year for both brands in fiscal 2024, with expectations for revenues to be flat year-over-year and gross margin improvements [25][27] - The macroeconomic environment is expected to remain unpredictable, but the company is committed to managing expenses and improving gross margins [25][27] Other Important Information - The company repurchased 18.1 million shares at an average price of $6.40 during fiscal 2023, indicating a conservative approach to cash management [24] - The company has streamlined its corporate structure, eliminating several executive positions to achieve additional cost savings [10] Q&A Session Summary Question: Progress on $25 million expense reduction - Management indicated that the majority of the initial $25 million in cost reductions was realized in fiscal 2023, with additional opportunities being explored [41] Question: Store openings and closures for Vera Bradley - Three new Factory stores are planned to open, while approximately 10 Full-Line stores are expected to close, with ongoing negotiations to minimize closures [42] Question: Product mix and category focus - Short-term changes in product mix may be limited, but a more focused outlook is expected as data analysis continues [43][44] Question: Collaborations for Pura Vida and Vera Bradley - Future partnerships will be data-driven, focusing on collaborations that resonate with target customers [46] Question: Impact of wholesale accounts on Pura Vida - Management noted hesitancy among retail partners due to the macroeconomic environment, but positivity has been observed since the beginning of the year [52]

Financial Data and Key Metrics Changes - Consolidated net revenues totaled $124 million, a decrease from $134.7 million in the prior year third quarter [18] - Consolidated net income was $6.3 million or $0.20 per diluted share, compared to $6.2 million or $0.18 per diluted share last year [18] - Third quarter gross margin was $65.6 million, representing 52.9% of net revenues, down from 53.6% in the prior year [20] - Consolidated SG&A expense totaled $57.6 million or 46.4% of net revenues, compared to $63.7 million or 47.3% of net revenues in the prior year [21] - Total quarter-end inventory was $178.3 million, up from $148.3 million at the end of the third quarter last year [23] Business Line Data and Key Metrics Changes - Vera Bradley direct segment revenues were $80.1 million, a 7.6% decrease from $86.6 million last year, with comparable sales down 9.6% [19] - Vera Bradley indirect segment revenues increased by 6.7% to $22.3 million from $20.9 million in the prior year [19] - Pura Vida segment revenues decreased by 20.3% to $21.7 million from $27.2 million last year [19] Market Data and Key Metrics Changes - The direct full price channel customers with higher household incomes remained more engaged, while customers with lower household incomes faced inflationary pressures [8] - The indirect channel experienced its third consecutive quarter of year-over-year growth [8] Company Strategy and Development Direction - The company is focusing on innovation and lifestyle merchandising in core areas such as travel and collaborations, including partnerships with Disney and Harry Potter [9] - The company is rationalizing its store base, closing underperforming stores as leases expire, with 10 full-line Vera Bradley locations closed this year [10] - Pura Vida is working on building a more effective marketing program and implementing a customer data platform to enhance customer targeting [12] Management's Comments on Operating Environment and Future Outlook - The macroeconomic environment is expected to remain unpredictable, with inflationary pressures impacting lower-income customers [25] - The company anticipates consolidated net revenues for the fourth quarter to be between $136 million and $141 million, down from $149.6 million last year [26] - For the full year, updated expectations are consolidated net revenues of $489 million to $494 million, compared to $540.5 million in fiscal 2022 [27] Other Important Information - The company is implementing a comprehensive customer data platform for Pura Vida to enhance marketing effectiveness [12] - The company has a solid cash position, with cash, cash equivalents, and investments totaling $25.2 million, down from $75.3 million at the end of last year's third quarter [24] Q&A Session Summary Question: Insights on channel right-sizing and factory performance - The company is consolidating full price store counts and leveraging e-commerce and indirect business to reach customers efficiently [32] - The factory channel is facing challenges due to economic conditions and inflation, but remains an important part of the business [33] Question: Attractiveness of Vera Bradley and key priorities - The new CEO is focused on leveraging the company's heritage and opportunities in merchandising and marketing for long-term growth [35] Question: Inventory growth relative to sales - The company expects to align inventory levels with sales by the end of next year, with a focus on reducing inventory [38] Question: Consumer dynamics and gross margin considerations - The company observed a weak October but saw a pickup during Black Friday, with promotional activity being crucial for stimulating consumer spending [41] Question: NFT strategy and customer trends - The company views entering the NFT space as an opportunity to innovate and stay relevant with younger customers [46] Question: Pura Vida digital trends and marketing diversification - The company is working on a customer data platform and diversifying marketing strategies to improve Pura Vida's performance [56] Question: Expansion plans for Pura Vida stores - The company is gathering insights from existing stores before deciding on further expansion [77] Question: Gross margin guidance changes - The decline in gross margin estimates is attributed to increased tactical discounting to drive revenue [66]

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 July 30, 2022 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 ...

Vera Bradley, Inc. (NASDAQ:VRA) Q2 2023 Earnings Conference Call August 31, 2022 9:30 AM ET Company Participants Mark Dely - Chief Administrative Officer Rob Wallstrom - Chief Executive Officer John Enwright - Chief Financial Officer Conference Call Participants Oliver Chen - Cowen and Company Joe Gomes - Noble Capital Eric Beder - SCC Research Operator Good day and welcome to the Vera Bradley Second Quarter Fiscal 2023 Earnings Conference Call. Today's conference is being recorded. At this time, I would li ...

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 April 30, 2022 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 ...