Vera Bradley Stock Price, News & Analysis

Vera Bradley, Inc. (Nasdaq: VRA) will report its second-quarter financial results for the period ending July 31, 2021, on September 1, 2021, at 8:00 a.m. Eastern Time. A conference call to discuss these results will follow at 9:30 a.m. Eastern Time, accessible via a live webcast on the company's Investor Relations website or by dialing (800) 289-0571 with access code 6656630. The replay will be available until September 15, 2021. Vera Bradley operates two brands, Vera Bradley and Pura Vida, focusing on lifestyle products designed for an emotionally connected female audience.

Vera Bradley (NASDAQ: VRA) announced a $100,000 donation to Blessings in a Backpack, enhancing its three-year partnership to combat childhood hunger. With 18 million children affected by food insecurity, this initiative is timely as schools reopen. Vera Bradley, known for its colorful and functional back-to-school essentials, continues to support community efforts through its VB Cares initiative, aiming to empower women and children. To date, the company has contributed over $750,000 to the nonprofit. Customers can shop for sustainable and stylish school items at VeraBradley.com.

Vera Bradley has launched The Disney Collection by Vera Bradley, now available in all Full Line Stores, select Factory locations, and online. This collection features the beloved Disney characters—Mickey, Minnie, Donald, Daisy, Goofy, and Pluto—adorned in vibrant designs. The debut follows a successful collaboration with Disney since 2013, enhancing brand visibility and relevance. The collection boasts 49 styles priced between $12 and $150, aiming to capture both Vera Bradley fans and Disney enthusiasts.

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.