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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.
Vera Bradley
Vera Bradley
Vera Bradley Revenue by Segment
Revenue by Segment
VB Direct Revenue
CapyFin.comVB Indirect Revenue
CapyFin.com 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