Vera Bradley news and archive

Vera Bradley’s revenues decline in the second quarter

Vera Bradley’s second quarter net revenues reduced to 110.8 million dollars. Net income for the quarter declined to 5.7 million dollars or 19 cents per diluted share. On a non-GAAP basis, the company’s net income totaled 3.9 million dollars or 13 cents per diluted share. “Our results for the period were also influenced by stubbornly persistent...

Business

Vera Bradley’s Q1 sales decline, net loss widens

First quarter revenues at Vera Bradley declined to 80.6 million dollars and net loss widened to 8.1 million dollars or 26 cents per diluted share. “Our team continues to diligently work on Project Restoration, our strategic plan to drive long-term profitable growth, by addressing the consumer, brand, product, and channel components of both of...

BusinessFeatured

Vera Bradley revenues decline, earnings fall short of estimates

Vera Bradley’s fourth quarter net revenues declined 6.1 percent to 133.3 million dollars, while net loss was 1.9 million dollars or 6 cents per diluted share. On a non-GAAP basis net income totaled 3.5 million dollars or 11 cents per diluted share compared to analysts' estimate of 15 cents. Consolidated net revenues dropped to 470.8 million...

Business

Vera Bradley revenues decline in Q3

Vera Bradley’s third quarter net revenues totalled 115 million dollars compared to 124 million dollars in the prior year third quarter. Consolidated net revenues declined to 337.5 million dollars for the nine month period. Net income for the quarter totaled 5.1 million dollars or 16 cents per diluted share, while on a non-GAAP basis, net income...

Business

Vera Bradley's Q1 loss narrows but revenues drop

Consolidated first quarter net revenues at Vera Bradley totaled 94.4 million dollars compared to 98.5 million dollars in the prior year. The company’s consolidated net loss was 4.7 million dollars or 15 cents loss per diluted share compared to net loss of 7 million dollars or 21 cents per diluted share in the previous year. Pura Vida segment...

Business

Vera Bradley posts Q4 loss

Consolidated net revenues at Vera Bradley, Inc. were 147.1 million dollars for the fourth quarter compared to 149.6 million dollars in the prior year fourth quarter. The company’s net loss for the quarter was 28.2 million dollars or 91 cents per diluted share. On a non-GAAP basis, net income totaled 5 million dollars or 16 cents per diluted...

Business

Vera Bradley eliminates key leadership positions

As a part of the reorganised leadership structure, Vera Bradley, Inc., has eliminated the positions of Vera Bradley brand president, chief creative officer, and chief revenue officer. As a result, three members of the Vera Bradley brand executive team – president Daren Hull, chief creative officer Beatrice Mac Cabe, and chief revenue officer...

BusinessFeatured

Vera Bradley sales drop, the company names Jackie Ardrey as new CEO

Consolidated net revenues at Vera Bradley Inc. totaled 124 million dollars compared to 134.7 million dollars in the prior year third quarter ended October 30, 2021. The company said, third quarter net income totaled 5.2 million dollars or 17 cents per diluted share. On a non-GAAP basis, net income totaled 6.3 million dollars or 20 cents per...

Business

Jacqueline Ardrey to replace Robert Wallstrom as Vera Bradley CEO

Vera Bradley, Inc. has appointed Jacqueline Ardrey as the company’s president and chief executive officer (CEO) effective November 1, 2022, replacing retiring president and CEO Robert Wallstrom. Commenting on Ardrey’s appointment as CEO, Robert Hall, chairman of the Vera Bradley, Inc. board said: “We are confident Jackie will be instrumental in...

Business

Vera Bradley reports Q2 loss of 29.8 million dollars

Consolidated net revenues at Vera Bradley totalled 130.4 million dollars compared to 147 million dollars in the prior year second quarter ended July 31, 2021. Consolidated net revenues totalled 228.8 million dollars for the six months ended July 30, 2022, compared to 256.1 million dollars in the prior year six month period ended July 31, 2021....

Business

Vera Bradley sells retail start-up GoodMrkt to co-founder

American bag company Vera Bradley has reportedly sold its 16-month-old subsidiary GoodMrkt to its co-founder and chief brand officer Harry Cunningham. According to WWD, the decision to sell comes as part of Vera Bradley’s board of director’s decision to focus on the growth of its two core brands, as noted in a statement to the publication from...

Business

Vera Bradley CEO Robert Wallstrom to retire

Vera Bradley, Inc. has announced the planned retirement of president and chief executive officer Robert Wallstrom. The company said in a statement that Wallstrom will remain in his role until a successor is named, which is expected by the beginning of 2023. Wallstrom will work with the board of directors in their national search for his...