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Vera Bradley (VRA) Q1 2026 Earnings Call June 11, 2025 09:30 AM ET Company Participants Mark Dely - Chief Administrative OfficerIan Bickley - DirectorJacqueline Ardrey - President, CEO & DirectorMichael Schwindle - CFO Operator Greetings, and welcome to the Vera Bradley First Quarter Fiscal twenty twenty six Earnings Conference Call. At this time, all participants are in a listen only mode. As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Mark DeLai, Chief Admi ...

Vera Bradley (VRA) Q1 2026 Earnings Call June 11, 2025 09:30 AM ET Speaker0 Greetings, and welcome to the Vera Bradley First Quarter Fiscal twenty twenty six Earnings Conference Call. At this time, all participants are in a listen only mode. As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Mark DeLai, Chief Administrative Officer. Thank you, sir. You may begin. Speaker1 Good morning, welcome, everyone. We'd like to thank you for joining today's call. Some of th ...

Core Insights - Vera Bradley, Inc. reported first quarter consolidated net revenues of $51.7 million, a decrease from $67.9 million in the same period last year [3][32] - The company experienced a net loss from continuing operations of $18.3 million, or $0.66 per diluted share, compared to a net loss of $7.6 million, or $0.25 per diluted share in the prior year [4][5] - The financial condition remains strong with $86 million in liquidity and no debt [1] Financial Performance Summary - The first quarter gross profit was $22.8 million, representing 44.1% of net revenues, down from $34.0 million or 50.1% in the prior year [10] - Selling, general, and administrative (SG&A) expenses totaled $40.8 million, or 79.0% of net revenues, compared to $45.1 million, or 66.4% in the prior year [12] - The operating loss from continuing operations was $17.9 million, or (34.6%) of net revenues, compared to a loss of $10.6 million, or (15.6%) in the prior year [13] Segment Performance - Vera Bradley Direct segment revenues were $43.1 million, a 23.6% decrease from $56.4 million in the prior year [8] - Comparable sales declined by 25.0%, primarily due to reduced traffic and conversion rates in full-line and outlet stores [8] - The Indirect segment revenues totaled $8.6 million, a 25.6% decrease from $11.5 million in the prior year, attributed to a decline in specialty and key account orders [9] Balance Sheet Highlights - Cash and cash equivalents as of May 3, 2025, were $11.3 million, down from $43.8 million at the end of the previous year's first quarter [13] - Total quarter-end inventory was $99.2 million, compared to $101.8 million at the end of the prior year's first quarter [14] Strategic Outlook - The company announced several executive and Board leadership changes and has suspended forward guidance due to significant uncertainty in the consumer environment [15]

CEO Jackie Ardrey will be departing the Company Ian Bickley will assume the role of Executive Chairman Martin Layding is joining the Company as Chief Financial Officer New Board Strategy and Transformation Committee Established FORT WAYNE, Ind., June 11, 2025 (GLOBE NEWSWIRE) -- Vera Bradley (Nasdaq: VRA) (the “Company”) today announced that its Chief Executive Officer, Jacqueline Ardrey is leaving the Company. The Board of Directors has launched a national search for Ms. Ardrey’s replacement. She will rema ...

Core Insights - Quadient has announced a strategic partnership with Stasher to enhance luggage storage options in the UK, expanding Stasher's network significantly [1][4] - The collaboration integrates Stasher's booking system with Quadient's smart lockers, providing travelers with more flexible and secure luggage storage solutions [3][5] - Quadient's Parcel Pending smart lockers will now serve as luggage storage hubs, further demonstrating the versatility and consumer-centric focus of their services [4][5] Company Overview - Quadient is a global automation platform that facilitates secure and sustainable business connections through both digital and physical channels [8] - The company is actively expanding its smart locker network, with over 25,700 units installed globally and a target of 40,000 by 2030 [5] - Stasher operates in over 1,100 cities worldwide, providing a network of verified hotels, shops, and smart lockers for secure luggage storage [7]