Vera Bradley Stock Price, News & Analysis

Vera Bradley (VRA) has announced ticket sales for its 2025 Annual Outlet Sale, scheduled for April 30 – May 4 at the Allen County War Memorial Coliseum in Fort Wayne, Indiana. The event will offer discounts up to 70% off MSRP on Vera Bradley products and Pura Vida items.

Tickets are required for the first three days (April 30-May 2) and cost $6 plus fees. Each day features three shopping sessions: 9am-12pm, 1pm-4pm, and 5:30pm-8:30pm. The final two days (May 3-4) are open to the public without tickets.

The sale typically attracts over 24,000 shoppers from across the US and internationally, generating more than $5 million in economic impact for the local community. The event will also support the Vera Bradley Foundation for Breast Cancer through various fundraising initiatives, including -edition apparel sales and donation opportunities.

Vera Bradley (NASDAQ: VRA) has announced significant changes to its Board of Directors. Andrew Meslow, former CEO of L Brands and Bath and Body Works, has been appointed to the Board, bringing extensive retail experience from his leadership roles at major brands including Bath & Body Works, Victoria's Secret, Banana Republic, and Ann Taylor.

Simultaneously, Mary Lou Kelley, who joined the Board in 2015, has announced her retirement effective February 7, 2025. The company maintains 8 board members, including Ian Bickley, who was appointed on November 1, 2024.

The company operates through three segments: Vera Bradley Direct, Vera Bradley Indirect, and Pura Vida, offering women's handbags, accessories, and lifestyle products through various retail channels including approximately 1,200 specialty retail locations and e-commerce platforms.

Vera Bradley (VRA) has announced a strategic cost efficiency initiative expected to reduce company costs by $20 million annually starting in fiscal year 2026. The initiative, part of Project Restoration, aims to streamline business operations and restore profitability.

The efficiency savings will come primarily from reducing outside vendor contracts and spending. Approximately 75% of the savings will benefit selling, general, and administrative expenses, while the remaining portion will affect gross profit. Implementation is set to begin early in the year, with full-year impact expected in fiscal 2026.

The company plans to provide detailed fiscal year 2026 guidance in March 2025 alongside its Fourth Quarter financial results. The announced savings figures do not include one-time implementation costs.

Fund 1 Investments , Vera Bradley's (VRA) largest shareholder with 10% ownership and 20% economic exposure, has sent a letter to the company's Board highlighting the need for strategic alternatives. The investor points out that despite Vera Bradley's iconic brand status, the company's current performance doesn't reflect its true value, with revenue stagnating at $380 million (similar to IPO levels) but now burning cash instead of generating profits.

The letter emphasizes that Vera Bradley faces multiple challenges, including value destruction, poor operational performance, failed brand turnaround, negative fashion brand sentiment, and public float. Fund 1 suggests the company would benefit from operating under a larger organization or in private markets, allowing for brand revival without quarterly earnings pressure and additional cost-saving opportunities.

Vera Bradley announced its Q3 fiscal year 2025 results, showing consolidated net revenues of $80.6 million, a significant decline from $115.0 million in the same period last year. The company reported a net loss of ($12.8) million or ($0.46) per diluted share, compared to a net income of $5.1 million or $0.16 per diluted share in the previous year. On a non-GAAP basis, the net loss was ($7.5) million or ($0.27) per diluted share. Year-to-date, consolidated net revenues were $272.0 million, down from $337.5 million last year, with a net loss of ($15.2) million or ($0.52) per diluted share. Vera Bradley continues its strategic initiative, Project Restoration, to reposition its brand and improve performance. The company maintains a strong financial position with no debt and $13.7 million in cash. Inventory levels stood at $131.3 million, slightly up from last year. The company also repurchased $5.3 million of common stock in Q3.

Vera Bradley Inc (Nasdaq: VRA) announced it will report its third quarter fiscal 2025 results on Wednesday, December 11, 2024, at 8:00 a.m. Eastern Time. The company will host a conference call at 9:30 a.m. ET the same day, with a live webcast available on their investor relations website. The company operates two lifestyle brands: Vera Bradley, a designer of women's handbags and accessories, and Pura Vida, a lifestyle brand focusing on bracelets and jewelry. The business operates through three segments: VB Direct (retail stores and websites), VB Indirect (specialty retail locations), and Pura Vida (websites and wholesale).

Vera Bradley (NASDAQ:VRA) has appointed Ian Bickley to its Board of Directors, effective November 1, 2024. Bickley brings extensive experience from his tenure at Tapestry, Inc. (formerly Coach, Inc.), where he grew international sales from under $20 million to over $2 billion. He currently serves on the boards of Crocs, Inc. and Brilliant Earth, bringing valuable expertise in global fashion lifestyle and luxury brands. The appointment is part of Vera Bradley's ongoing board refresh initiative, aimed at building long-term shareholder value through enhanced brand transformation and business development expertise.

Vera Bradley, Inc. (Nasdaq: VRA) has announced the adoption of a duration shareholder rights plan, effective immediately and expiring on October 11, 2025. The plan aims to protect shareholders' interests and maximize value by guarding against abusive tactics that could lead to control without appropriate premiums.

Key points of the Rights Plan include:

• Issuance of one right per outstanding share of common stock
• Rights become exercisable if a person or group acquires 15% (20% for certain passive investors) or more of outstanding common stock without Board approval
• If triggered, rights holders can buy additional shares at a discount

The plan is designed to ensure the Board has sufficient time to make informed decisions in the best interests of the Company and its shareholders.

The Vera Bradley Foundation for Breast Cancer has announced a donation of $1,601,830 to support breast cancer research at the Indiana University School of Medicine. This contribution brings the Foundation's total donations to $41.7 million. The announcement was made during the 30th annual Vera Bradley Foundation for Breast Cancer Classic, a multi-day event in Fort Wayne, Indiana.

The Foundation's funding has enabled the IU School of Medicine to become an international leader in targeted breast cancer therapies. Researchers at the Vera Bradley Foundation Center for Breast Cancer Research are working on genetics, immunotherapies, vaccines, and new technologies. The Center is part of the IU Cancer Center, one of only 57 institutions designated as a comprehensive cancer center by the National Cancer Institute.

The Foundation's next fundraising campaign, Turn the Town Pink, is scheduled for October during National Breast Cancer Awareness Month.