Core Viewpoint - Vera Bradley reported a significant decline in fiscal Q2 2026 revenue, missing analyst expectations, which led to a drop in stock price [1][6]. Revenue Performance - Consolidated net revenues from continuing operations decreased by 24.6% to $70.9 million, falling short of Wall Street's forecast of $78.5 million [1]. - Direct segment revenue fell by 16.2% to $60.5 million compared to $72.2 million a year earlier, with comparable sales dropping by 17.3% [3]. - Indirect segment revenue saw a substantial decline of 52.5%, down to $10.3 million from $21.8 million, attributed to lower orders from key accounts and reduced liquidation activity [4]. Loss and Sales Trends - The company managed to narrow its adjusted net loss to 2 cents per share, outperforming the expected loss of 15 cents [2]. - Comparable sales experienced a 17.3% decline, indicating lower conversion rates across various sales channels [2][3]. Strategic Initiatives - The company is undergoing a product design revamp, reintroducing iconic styles while balancing fabrics, silhouettes, and prints [5]. - A comprehensive strategy involving merchandising, innovation, marketing, and multi-channel engagement is being implemented to reconnect with loyal customers and attract new audiences [5]. - The company closed seven underperforming full-line stores and one outlet as part of its footprint rationalization efforts [3].

Financial Data and Key Metrics Changes - For the second quarter, the company reported revenues of $70.9 million, a decline of approximately 25% compared to the previous year, aligning with internal forecasts [9][22] - The net loss from continuing operations for the quarter was -$0.5 million, or -$0.02 per diluted share, compared to a net income of $2.6 million, or $0.09 per diluted share in the prior year [22] - Gross margin was $35.4 million, or 49.9% of net revenues, slightly up from 49.8% in the prior year [23][24] - SG&A expenses totaled $36.3 million, or 51.2% of net revenues, compared to $43.6 million, or 46.4% of net revenues a year ago [24] Business Line Data and Key Metrics Changes - Direct segment revenues for the second quarter were $60.5 million, a 16.2% decrease from $72.2 million in the prior year [23] - Comparable sales declined 17.3%, driven by conversion declines in full line, outlet, and e-commerce channels [23] - Indirect segment revenues totaled $10.3 million, a 52.5% decrease from $21.8 million in the prior year, primarily due to a decline in key account orders and liquidation sales [23] Market Data and Key Metrics Changes - The company experienced sequential improvement in comparable store sales across its store fleet and online channels during the second quarter [9] - Inventory decreased by 13.2% to $96.7 million compared to $111.4 million at the end of the second quarter last year [25] Company Strategy and Development Direction - The company is implementing a comprehensive strategy to revitalize its market position by leveraging its brand's emotional connection with consumers [4][5] - Five key strategic initiatives have been identified: sharpening brand focus, developing a cohesive omnichannel strategy, updating the outlet strategy, improving the operating model, and reimagining organizational structure [10][16][20][21] - The company is focusing on product innovation and targeted marketing to re-engage loyal customers and expand reach to new market segments [5][10] Management's Comments on Operating Environment and Future Outlook - Management acknowledges the challenges in the current operating environment but expresses confidence in the ongoing transformation efforts and the sequential improvements observed [21][26] - The company is not providing guidance due to the dynamic consumer environment but is focused on enhancing operational discipline [26] Other Important Information - The company is in the process of searching for a new CEO and is meeting with promising candidates [8] - The company estimates an annualized impact of $11 million from tariffs and is working to mitigate these impacts [26] Q&A Session Summary - The Q&A session was conducted but no specific questions or answers were documented in the provided content [27]

Financial Data and Key Metrics Changes - For the second quarter, the company reported revenues of $70.9 million, a decline of approximately 25% compared to the previous year, aligning with internal forecasts [9][22] - The net loss from continuing operations for the second quarter was -$0.5 million, or -$0.02 per diluted share, compared to net income of $2.6 million, or $0.09 per diluted share in the prior year [22] - Gross margin was $35.4 million, or 49.9% of net revenues, slightly up from 49.8% in the prior year [23][24] - SG&A expenses totaled $36.3 million, or 51.2% of net revenues, compared to $43.6 million, or 46.4% of net revenues a year ago [24] Business Line Data and Key Metrics Changes - Direct segment revenues for the second quarter were $60.5 million, a 16.2% decrease from $72.2 million in the prior year [23] - Indirect segment revenues totaled $10.3 million, a 52.5% decrease from $21.8 million in the prior year, primarily due to a decline in key account orders and liquidation sales [23] Market Data and Key Metrics Changes - The company experienced sequential improvement in comparable store sales across its store fleet and online channels during the second quarter [9] - Inventory decreased by 13.2% to $96.7 million compared to $111.4 million at the end of the second quarter last year [25] Company Strategy and Development Direction - The company is implementing a comprehensive strategy to revitalize its market position, focusing on brand strength, product innovation, and targeted marketing [4][5] - Five key strategic initiatives have been identified: sharpening brand focus, developing a cohesive omnichannel strategy, updating the outlet strategy, improving the operating model, and reimagining organizational structure [10][16][20][21] - The company is focusing on enhancing customer experience in its outlet stores and aligning promotional strategies across channels to reduce confusion and improve margins [17][18] Management's Comments on Operating Environment and Future Outlook - Management acknowledges the challenging operating environment but expresses confidence in the current trends and improvements being made [21][26] - The company is not providing guidance due to the dynamic consumer environment but is focused on enhancing operational discipline [26] Other Important Information - The company is in the process of searching for a new CEO and is meeting with promising candidates [8] - The estimated annualized impact of tariffs is $11 million, with efforts underway to mitigate these impacts [26] Q&A Session Summary - The Q&A session was not detailed in the provided content, and no specific questions or answers were recorded. The session concluded without further inquiries from participants [27]

Vera Bradley (NasdaqGS:VRA) Q2 2026 Earnings Call September 11, 2025 08:30 AM ET Company ParticipantsMark Dely - Chief Administrative OfficerIan Bickley - Executive ChairmanMartin Layding - CFOOperatorWelcome to the Vera Bradley second quarter fiscal 2026 earnings conference call. At this time, all participants are in a listen-only mode. A question and answer session will follow the formal presentation. You may be placed in the question queue at any time by pressing star one on your telephone keypad. As a r ...

Financial Data and Key Metrics Changes - For Q2 2026, the company reported revenues of $70.9 million, a decline of approximately 25% compared to the previous year, aligning with internal forecasts [10][24] - The net loss from continuing operations was -$0.5 million, or -$0.02 per diluted share, compared to a net income of $2.6 million, or $0.09 per diluted share in the prior year [24] - Gross margin was $35.4 million, or 49.9% of net revenues, slightly up from 49.8% in the prior year [25][26] - SG&A expenses totaled $36.3 million, or 51.2% of net revenues, compared to $43.6 million, or 46.4% of net revenues a year ago [26] Business Line Data and Key Metrics Changes - Direct segment revenues for Q2 totaled $60.5 million, a 16.2% decrease from $72.2 million in the prior year, with comparable sales down 17.3% [25] - Indirect segment revenues were $10.3 million, a 52.5% decrease from $21.8 million in the prior year, primarily due to a decline in key account orders and liquidation sales [25] Market Data and Key Metrics Changes - The company experienced sequential improvement in comparable store sales across its store fleet and online channels during the second quarter [10] - Inventory decreased by 13.2% to $96.7 million compared to $111.4 million at the end of the second quarter last year [27] Company Strategy and Development Direction - The company is implementing a comprehensive strategy to revitalize its market position, focusing on brand strength, product innovation, and targeted marketing [5][6] - Five key strategic initiatives have been identified: sharpening brand focus, developing a cohesive omnichannel strategy, updating the outlet strategy, improving the operating model, and reimagining organizational structure [10][18][21][22] - The company is also focusing on enhancing its wholesale strategy and building new retail partnerships to reach new consumer segments [15][17] Management's Comments on Operating Environment and Future Outlook - Management acknowledges the challenging operating environment but expresses confidence in the current trends and improvements being made [22][28] - The company is not providing guidance due to the dynamic consumer environment but is focused on enhancing operational discipline and improving financial results [28] Other Important Information - The company is in the process of searching for a new CEO, which is a major focus for the management team [9] - The anticipated annualized impact of tariffs is estimated at $11 million, with efforts underway to mitigate these impacts [28] Q&A Session Summary - The Q&A session was conducted but no specific questions or answers were documented in the provided content [30]

Accessibility StatementSkip Navigation Ten-year alliance leverages Infosys AI-first platforms to drive innovation, efficiency and agility across HanesBrands' IT Landscape BENGALURU, India, Sept. 11, 2025 /PRNewswire/ --Â Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY), a global leader in next-generation digital services and consulting, today announced a strategic alliance with HanesBrands Inc. (NYSE: HBI), a global leader in everyday iconic apparel. Under this ten-year engagement, Infosys will serve as HanesBr ...

Core Insights - Vera Bradley, Inc. reported financial results for the second quarter of fiscal year 2026, showing a net revenue of $70.9 million, a decrease from $94.0 million in the same quarter last year [6][8] - The company experienced a net loss from continuing operations of $4.7 million, or $0.17 per diluted share, compared to a net income of $7.5 million, or $0.25 per diluted share in the prior year [7][8] - The company is focusing on revitalizing its market position through product innovation and strategic merchandising, aiming to re-engage its customer base and expand into new market segments [5][12] Financial Performance Summary - Consolidated net revenues for the second quarter were $70.9 million, down from $94.0 million in the prior year [6] - The net loss from continuing operations for the current year second quarter was ($4.7) million, compared to a net income of $7.5 million in the prior year [7][8] - For the six-month period, consolidated net revenues totaled $122.5 million, down from $162.0 million in the prior year [9] Segment Performance - Direct segment revenues decreased by 16.2% to $60.5 million from $72.2 million in the prior year [12] - Indirect segment revenues saw a significant decline of 52.5%, totaling $10.3 million compared to $21.8 million in the prior year [13] - Comparable sales declined by 17.3% in the second quarter, primarily due to conversion declines across various channels [12] Gross Profit and Margins - Gross profit for the second quarter was $35.5 million, representing 50.1% of net revenues, compared to 49.7% in the prior year [14] - The gross margin improved sequentially by 600 basis points over the first quarter, aided by a favorable product sales mix [14] Operating Expenses - Selling, general, and administrative (SG&A) expenses totaled $40.4 million, or 57.1% of net revenues, compared to $44.4 million, or 47.3% in the prior year [15] - On a non-GAAP basis, SG&A expenses were $36.3 million, or 51.2% of net revenues, down from $43.6 million, or 46.4% in the prior year [15] Operating Loss - The operating loss from continuing operations for the second quarter was ($4.6) million, or (6.5%) of net revenues, compared to an operating income of $2.4 million, or 2.5% in the prior year [16] - On a non-GAAP basis, the operating loss was ($0.6) million, or (0.8%) of net revenues, compared to an operating income of $3.3 million, or 3.5% in the prior year [16] Balance Sheet Highlights - Cash and cash equivalents as of August 2, 2025, totaled $15.2 million, down from $29.3 million at the end of the prior year's second quarter [23] - Total quarter-end inventory was $96.7 million, compared to $111.4 million at the end of the prior year's second quarter [24] Strategic Initiatives - The company is making adjustments to product design and assortment, bringing back iconic styles and introducing new designs [3] - A comprehensive strategy is being implemented to leverage the brand's emotional connection with consumers, focusing on strategic merchandising, product innovation, and targeted marketing [5]

Core Insights - Oxford Industries (NYSE: OXM) shares experienced a significant increase in premarket trading following the company's quarterly profit exceeding estimates [2] - The company set a full-year sales target ranging from $1.475 billion to $1.515 billion [2] - CFO K. Grassmyer indicated that sales at Tommy Bahama and Johnny Was are expected to decline, but this will be offset by other factors [2]

Core Insights - Oxford Industries, Inc. reported an earnings per share (EPS) of $1.26, exceeding the expected $1.21, reflecting a positive surprise of 4.13% [1][2][6] - The company's revenue for the quarter was $403.1 million, slightly below the estimated $406.1 million, and represented a 4% decline compared to the same period last year [2][6] - The EPS of $1.26 marked a significant drop from the $2.77 reported a year ago, indicating challenges in maintaining profitability [3] Financial Metrics - The company has a price-to-earnings (P/E) ratio of approximately 7.61, suggesting a relatively low valuation compared to its earnings [4][6] - The price-to-sales ratio is about 0.40, indicating that the market values its sales at 40 cents for every dollar of sales [4] - Oxford Industries has a current ratio of approximately 1.32, indicating a good level of liquidity to cover short-term liabilities [5] - The debt-to-equity ratio is about 0.92, showing a moderate level of debt compared to its equity [5]

Market Overview - Small cap stocks showed volatile performance in Q2, with the Russell 2000 Index recovering to within 10% of its record highs in just 55 days, primarily driven by growth, momentum, high-beta, and low-quality stocks [2] - The Russell 2000 returned 8.5% for the quarter, underperforming the Russell 1000 Index's 11.1%, marking the widest annual performance gap since 1935 [3] - Growth stocks regained leadership due to strong demand for AI beneficiaries, with the Russell 2000 Growth Index returning 12.0%, significantly outperforming the Russell 2000 Value Index by 700 basis points [3] Retail Investor Activity - Retail trading volumes have more than doubled since 2010, now accounting for nearly 21% of total market volume, while traditional long-only managers and hedge funds are losing market share [4] - Retail investors are focusing on companies with an average market cap about half that of the Russell 3000, with nearly 45% of their purchases being "zombie" companies with no earnings [10] - Notable examples include Regencell Bioscience, which saw a 7,000% increase in market cap despite having no revenue or regulatory approval [10] Portfolio Performance - The ClearBridge Small Cap Strategy underperformed its benchmark in Q2, with detractors in consumer discretionary and communication services sectors outweighing positive contributions from utilities and select healthcare companies [12] - Stock selection in the consumer discretionary sector faced challenges, particularly for Murphy USA and Oxford Industries, due to idiosyncratic headwinds and increased tariff costs [13][14] - Communication services sector detractors included Criteo and Anterix, with concerns over long-term growth and profitability impacting performance [15] Sector Contributions - Utilities sector performance was led by Talen Energy, benefiting from rising demand for power due to AI data centers [16] - Verona Pharma rebounded after receiving favorable FDA designation, leading to its acquisition by Merck at a premium [17] - Overall, the strategy had gains in six of the 11 sectors, with industrials and IT sectors being the leading contributors [21] Portfolio Positioning - The company actively adjusted its financial sector positioning, exiting Home BancShares for UMB Financial to enhance quality exposure [18] - New positions were initiated in AGCO within the industrials sector, expected to benefit from trade and tariff policies [19] - Exited positions included Abacus Global due to declining conviction and performance concerns [18] Outlook - The market shows signs of euphoria reminiscent of previous speculative bubbles, with a focus on low-quality stocks [4][20] - Economic uncertainties, including tariff impacts and potential inflation, suggest a need for a cautious approach [20] - The company continues to prioritize high-quality stocks with strong fundamentals, anticipating that these will be favored when market conditions shift [20]