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Aug 02
Vera Bradley Q2 2026 Earnings Report
Vera Bradley reported a significant decline in revenue and earnings as both Direct and Indirect channels weakened.
Key Takeaways
Vera Bradley's Q2 FY26 performance reflected ongoing transformation efforts, with revenues falling sharply and the company posting a net loss. Strategic initiatives are underway to revitalize the brand.
Revenue declined 25% YoY to $70.9M.
Net loss of $4.7M, compared to $7.5M profit last year.
Comparable sales dropped 17.3%.
Gross margin improved to 50.1% despite lower sales.
Vera Bradley
Vera Bradley
Vera Bradley Revenue by Segment
Vera Bradley Revenue by Geographic Location
Revenue by Segment
VB Direct Revenue
CapyFin.comVB Indirect Revenue
CapyFin.comRevenue by Geographic Location
United States Revenue
CapyFin.com Forward Guidance
The company did not provide specific quantitative forward guidance, but reiterated its focus on brand revitalization and operational improvements.
Positive Outlook
- Sequential gross margin improvement of 600 basis points.
- Product rebalancing with return of iconic styles.
- SG&A expenses lowered due to cost-cutting efforts.
- Transformation strategy supported by data-driven insights.
- Balanced assortments planned for holiday season.
Challenges Ahead
- Revenues down over 25% YoY.
- 17.3% drop in comparable sales.
- Indirect segment revenue down 52.5%.
- Operating loss of $4.6M versus prior year profit.
- Store closures indicate traffic and profitability issues.
Revenue & Expenses
Visualization of income flow from segment revenue to net income