VRA
Vera Bradley, Inc.2.1700
+0.3400+18.6%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '26
Timelines for product, outlets clarified
Q&A clarified product overhaul timelines, with Ian projecting full assortment control by fall/winter but 6-12 months of Project Restoration inventory overhang, positioning FY27 for stabilization before FY28 growth. Management stressed digital's profitability while optimizing high-traffic outlets via Outlet 2.0—inclined to add a few more stores this year—plus selective brand stores and wholesale rebuilding to boost awareness where physical presence lags. No walk-backs; responses reaffirmed Project Sunshine progress. Q&A stayed light after one analyst. Investors will eye inventory clearance and channel productivity.
Key Stats
Market Cap
60.66MP/E (TTM)
-Basic EPS (TTM)
-2.95Dividend Yield
0%Recent Filings
10-K
FY2026 results
Vera Bradley's FY2026 net revenues fell 15.4% y/y to $269.7M, with VB Direct down 11.6% to $227.8M on 20.8% comparable store declines partly offset by 1.2% e-commerce growth, while VB Indirect plunged 31.5% to $41.9M amid weaker specialty orders. Gross profit slipped to 46.4% from 49.8% due to $5.2M inventory write-downs on strategic cotton shifts, yet SG&A dropped 16.1% via headcount cuts and efficiencies, narrowing continuing ops loss to $(32.7)M. Q4 revenues hit $84.9M with $2.7M profit, signaling Direct segment momentum. No debt; $58.6M revolver availability. Project Sunshine falters if consumer spending sags.
8-K
Bickley named permanent CEO
Vera Bradley named Ian Bickley permanent CEO and Chairman effective March 12, 2026, after his interim role since June 2025; he brings 25 years at Coach plus stints at Crocs and The Body Shop. CFO Martin Layding adds COO duties, base salary rising to $550,000. Chief Admin & Legal Officer Mark Dely exits June 27, 2026. Leadership locks in.
8-K
Q4 profit return, leadership shift
Vera Bradley swung to Q4 net income of $2.7M from a $20M loss, with revenues at $84.9M versus $86.4M prior year, as gross margins rose to 47.8% on lower promotions while SG&A plunged 27%. Ian Bickley steps in as permanent Chairman and CEO; Martin Layding expands to COO/CFO. Project Sunshine stabilizes Direct sales; FY27 sales guided $255M-$270M.
8-K
Bickley compensation boosted
8-K
Q3 revenues drop, losses widen
Vera Bradley reported Q3 FY2026 net revenues of $62.3 million, down from $70.5 million last year, with net loss widening to $12.4 million due to $5.9 million inventory write-down and $4 million media credit write-off amid Project Sunshine transformation. Direct segment comps improved sequentially for third quarter. Losses persist.
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