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Nov 02, 2024
Vera Bradley Q3 2025 Earnings Report
Vera Bradley's financial performance was challenged by the early stages of 'Project Restoration', with consolidated net revenues totaling $80.6 million and a net loss of ($12.8) million.
Key Takeaways
Vera Bradley, Inc. reported a challenging third quarter with a decrease in consolidated net revenues to $80.6 million compared to $115.0 million in the prior year. The company experienced a net loss of ($12.8) million, or ($0.46) per diluted share, which included several pre-tax charges. The company is in early stages of their 'Project Restoration'.
Consolidated net revenues totaled $80.6 million compared to $115.0 million in the prior year.
Net loss totaled ($12.8) million, or ($0.46) per diluted share, including pre-tax charges of $2.2 million of impairment charges.
Vera Bradley Direct segment revenues decreased 27.4% to $52.5 million, and comparable sales declined 27.2%.
Pura Vida segment revenues decreased 42.9% to $10.1 million, attributed to a decrease in both ecommerce and wholesale sales.
Revenue by Segment
Forward Guidance
The Company’s expectations for fiscal year 2025 include consolidated net revenues of approximately $385 million and a consolidated operating loss of approximately ($9) million.
Positive Outlook
- Product margin improvements
- Lower supply chain costs
- Decreased variable costs
- Continued structural cost reductions
Challenges Ahead
- Increased shipping costs
- Increased promotional cadence in our direct segments
- Increased liquidation sales
- Consolidated net revenues of approximately $385 million compared to $470.8 million in Fiscal 2024
- Consolidated operating loss of approximately ($9) million compared to operating income of $22.6 million in Fiscal 2024
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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