Vera Bradley Stock Price, News & Analysis

Vera Bradley, Inc. reported a 57.5% increase in consolidated net revenues, totaling $109.1 million for Q1 2021, up from $69.3 million in the prior year.

The company narrowed its net loss to $2.1 million, or $0.06 per diluted share; the non-GAAP net loss was $1.7 million, or $0.05 per diluted share.

The balance sheet remains strong, with over $50 million in cash and no debt. Management has increased annual guidance for the fiscal year ending January 29, 2022.

Vera Bradley (Nasdaq: VRA) and Classic Accessories have launched a limited-edition co-branded outdoor living collection. This collaboration merges Vera Bradley's signature vibrant patterns with Classic Accessories' quality designs. The collection features furniture covers, cushions, pillows, umbrellas, and outdoor rugs, allowing customers to enhance their outdoor spaces with stylish options. Available online at verabradley.com and classicaccessories.com, as well as through major retailers like Wayfair and Amazon, this line aims to combine practicality with aesthetic appeal.

Vera Bradley, Inc. (NASDAQ: VRA) has launched a limited-edition "Love Stripe" collection to celebrate Pride Month, featuring products made from recycled cotton. The collection includes a backpack, crossbody, throw blanket, and PopGrip, priced between $14.99 and $65. Additionally, the company donated $20,000 to Free Mom Hugs, a non-profit supporting the LGBTQIA+ community. This initiative reflects Vera Bradley's commitment to inclusion and diversity, as expressed by Brand President Daren Hull.

Vera Bradley, Inc. (NASDAQ: VRA) has nominated Nancy Twine to its Board of Directors, increasing female representation to 60% in a move to enhance diversity. Twine, founder of Briogeo Hair Care, will replace retiring board member Michael Miller in June 2021. Her experience in retail and finance is expected to benefit Vera Bradley's growth strategy. The company is recognized for its commitment to gender diversity, being part of the elite 6% of Russell 3000 Index companies with gender-balanced boards. The addition of Twine aims to strengthen leadership and support the company's mission.

Vera Bradley announces the launch of its new Recycled Cotton collection in partnership with actress Lana Condor, introducing items made from 50% recycled cotton. This collection features core styles in new vibrant patterns and solid colors, including a limited-edition utility backpack designed by Condor. With a commitment to sustainability, Vera Bradley aims to transition all fabrics to more sustainable alternatives by 2025, expecting to reduce water impact by 43% and global warming impact by 13%. Prices range from $15 to $140.

Vera Bradley, Inc. (Nasdaq: VRA) announced it will report first quarter results for the period ending May 1, 2021, on June 9, 2021, at 8:00 a.m. ET. A conference call will follow at 9:30 a.m. ET to discuss these results, available via a live webcast on the company’s website. Vera Bradley, recognized for its stylish handbags and travel items, operates alongside its lifestyle brand, Pura Vida, focusing on community and social consciousness. Founded in 1982, the company seeks to connect with its multi-generational female customer base.

Vera Bradley, Inc. (Nasdaq: VRA) and Crocs, Inc. (Nasdaq: CROX) have launched a new limited-edition footwear collection, marking their third collaboration. The collection includes the Classic Clog and the new Kadee Sandal, featuring vibrant patterns inspired by paradise. This partnership continues the successful trend initiated in 2019, combining Vera Bradley's distinctive designs with Crocs' comfort. The collection is available online and at select retail locations, enhancing brand visibility and consumer engagement as spring approaches.

Vera Bradley, Inc. (NASDAQ: VRA) has launched two new limited-release Minnie Mouse-themed patterns, Minnie’s Garden Party and Minnie’s Garden Dots, inspired by Disney's Epcot International Flower & Garden Festival. The collection includes 20 items such as bags and travel accessories, exclusively available at Vera Bradley stores at Disney Springs and online. Vera Bradley aims to celebrate the nostalgic essence of Minnie Mouse, with designs reflecting her iconic style. This collaboration strengthens their brand appeal among fans of Disney and fashion.

Vera Bradley, Inc. reported a net income of $8.7 million, or $0.26 per diluted share for Fiscal 2021, with non-GAAP net income at $21.4 million, or $0.63 per diluted share. E-commerce sales nearly reached 50% of total revenues, increasing by almost 50% year-over-year. The company anticipates total revenue growth of 17% to 23% for the fiscal year ending January 29, 2022. Despite pandemic challenges, Vera Bradley's consolidated revenue for Fiscal 2021 decreased to $468.3 million from $495.2 million in the previous year, impacted by COVID-19 and store impairments.