Vera Bradley news and archive

Vera Bradley unveils cost efficiency plan to save $20 million ahead of fiscal year 2026

Vera Bradley, Inc. has unveiled a new strategic cost efficiency initiative for the upcoming fiscal year 2026, which is predicted to cut company costs by approximately 20 million dollars annually. The announcement comes weeks after Vera Bradley’s largest shareholder, Fund 1, published a letter that it sent to the women’s accessories brand board...

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Vera Bradley’s Q3 revenue and earnings decline

Vera Bradley’s third quarter net revenues declined to 80.6 million dollars and consolidated net loss reached 12.8 million dollars or 46 cents per diluted share. For the nine month period, net revenues decreased to 272 million dollars and consolidated net loss totaled 15.2 million dollars or 52 cents per diluted share. Commenting on the third...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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....