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May 03
Vera Bradley Q1 2026 Earnings Report
Vera Bradley reported a net loss and declining revenues amid continued top-line challenges and strategic adjustments in Q1 2026.
Key Takeaways
Vera Bradley faced another difficult quarter with falling revenues and a net loss driven by lower store traffic and conversion, alongside costs related to the divestiture of Pura Vida.
Net revenues declined to $51.7 million from $67.9 million in the prior year.
Net loss reached $18.3 million, or $(0.66) per diluted share.
Comparable sales dropped 25.0%, heavily impacting the Direct segment.
The company suspended guidance amid leadership changes and uncertain consumer environment.
Vera Bradley
Vera Bradley
Vera Bradley Revenue by Segment
Forward Guidance
The company suspended forward guidance to allow new leadership time to reassess strategy amid macroeconomic uncertainty.
Positive Outlook
- New executive leadership may bring strategic clarity.
- Completed sale of Pura Vida to focus on core business.
- Continued execution on cost-reduction initiatives.
- Strong liquidity position with no debt and $86 million in liquidity.
- Openings of two new full-line stores.
Challenges Ahead
- Suspension of guidance indicates operational uncertainty.
- Revenue and profitability continued to decline.
- Comparable sales fell sharply by 25%.
- Operating losses increased year-over-year.
- Consumer demand remains volatile, impacting projections.
Revenue & Expenses
Visualization of income flow from segment revenue to net income