Financial Performance - Consolidated net revenues for the third quarter totaled $80.6 million, a decrease of 29.8% from $115.0 million in the prior year[5]. - The consolidated net loss for the third quarter was ($12.8) million, or ($0.46) per diluted share, compared to a net income of $5.1 million, or $0.16 per diluted share in the prior year[5][7]. - For the nine months ended November 2, 2024, consolidated net revenues were $272.0 million, down from $337.5 million in the prior year[8]. - The company expects consolidated net revenues of approximately $385 million for Fiscal 2025, down from $470.8 million in Fiscal 2024[31]. - Consolidated diluted EPS of approximately ($0.25) based on diluted weighted-average shares outstanding of 29.7 million, down from $0.55 last year[34]. - Net revenues for the thirteen weeks ended November 2, 2024, were $80.6 million, down from $115 million for the same period last year[54]. - The net loss for the third quarter of fiscal 2025 was $12,800,000, compared to a net income of $5,118,000 in the same quarter of fiscal 2024[57][58]. Segment Performance - Vera Bradley Direct segment revenues decreased by 27.4% to $52.5 million, while Indirect segment revenues fell by 27.9% to $18.0 million[11][12]. - Pura Vida segment revenues decreased by 42.9% to $10.1 million, attributed to declines in both ecommerce and wholesale sales[13]. Profitability Metrics - Consolidated gross profit for the third quarter was $43.6 million, representing 54.1% of net revenues, down from 54.8% in the prior year[14]. - Consolidated gross profit percentage for Fiscal 2025 is expected to be approximately 52.5%, compared to 54.5% in Fiscal 2024[32]. - Gross profit for the thirteen weeks ended November 2, 2024, was $43.6 million, compared to $63 million for the same period last year[54]. - Total operating income (loss) for the third quarter of fiscal 2025 was $(10,474,000), compared to $6,786,000 in the same quarter of fiscal 2024[57][58]. Expenses - Consolidated SG&A expense totaled $54.2 million, or 67.3% of net revenues, compared to 49.0% in the prior year[15]. - Consolidated SG&A expense is anticipated to be approximately $213 million for Fiscal 2025, down from $234.7 million in Fiscal 2024[33]. Cash Flow and Capital Expenditures - Operating cash flows showed a significant decrease, with net cash used in operating activities at $(35,757,000) compared to $21,058,000 in the previous quarter[56]. - Net capital spending of approximately $13 million compared to $3.8 million in the prior year, reflecting investments in new and remodeled stores and technology enhancements[35]. - Cash and cash equivalents at the end of the period were $13,711,000, down from $52,266,000 at the end of the previous quarter[56]. - The total cash used in investing activities was $(6,050,000), compared to $(12,546,000) in the previous quarter[56]. Balance Sheet Highlights - Total current assets decreased to $184.8 million from $225.9 million in the previous year[52]. - Total liabilities increased to $133.8 million from $120.9 million in the previous year[52]. - The company reported impairment charges of $2,181,000 in the third quarter of fiscal 2025, which contributed to the net loss[57]. - The company incurred $21,179,000 in common stock repurchases during the financing activities in the third quarter of fiscal 2025[56]. - The company reported a significant increase in accounts receivable, with a change of $(7,182,000) in the third quarter of fiscal 2025[56]. Tax Impact - The company’s effective tax rate adjustments resulted in a tax impact of $(1,857,000) for the thirty-nine weeks ended November 2, 2024[60].

Consolidated net revenues totaled $80.6 million Financial condition remains strong with no debt and approximately $89 million of liquidity Updates outlook for fiscal year ending February 1, 2025 FORT WAYNE, Ind., Dec. 11, 2024 (GLOBE NEWSWIRE) -- Vera Bradley, Inc. (Nasdaq: VRA) today announced its financial results for the third quarter and nine months ended November 2, 2024. In this release, Vera Bradley, Inc. or “the Company” refers to the entire enterprise and includes both the Vera Bradley and Pura Vi ...

FORT WAYNE, Ind., Nov. 27, 2024 (GLOBE NEWSWIRE) -- Vera Bradley, Inc. (Nasdaq: VRA) (the “Company”) today announced that it plans to report results for the third quarter ending November 2, 2024 of fiscal year 2025 at 8:00 a.m. Eastern Time on Wednesday, December 11, 2024. The Company will host a conference call to discuss its financial results at 9:30 a.m. Eastern Time that same day. A live webcast of the conference call will be available on the Investor Relations section of the Company’s website, www.vera ...

FORT WAYNE, Ind., Oct. 11, 2024 (GLOBE NEWSWIRE) -- Vera Bradley, Inc. (Nasdaq: VRA) (the "Company") announced today that the Board of Directors of the Company (the "Board") unanimously approved the adoption of a limited duration shareholder rights plan (the "Rights Plan") to protect shareholders' interests and maximize value for all shareholders. The Rights Plan is similar to plans adopted by other public companies and is designed to ensure that all the Company's shareholders have the opportunity to realiz ...

Group 1 - The investment strategy focuses on long-only investment, evaluating companies from an operational and buy-and-hold perspective, rather than market-driven dynamics [1] - The articles emphasize understanding the long-term earnings power of companies and the competitive dynamics within their industries [1] - The majority of recommendations will be holds, indicating a cautious approach to investment opportunities [1] Group 2 - A very small fraction of companies are expected to be a buy at any given time, highlighting a selective investment strategy [1] - Hold articles are intended to provide valuable information for future investors and introduce skepticism in a generally bullish market [1]

Vera Bradley (VRA) came out with quarterly earnings of $0.13 per share, missing the Zacks Consensus Estimate of $0.31 per share. This compares to earnings of $0.33 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -58.06%. A quarter ago, it was expected that this handbag and accessories company would post earnings of $0.11 per share when it actually produced a loss of $0.21, delivering a surprise of -290.91%. Over the last four ...

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 ...