Vera Bradley Stock Price, News & Analysis

Vera Bradley, Inc. (Nasdaq: VRA) has announced its participation in the CL King Virtual Best Ideas Conference on September 14, 2021. The presentation is set for 12:30 p.m. ET, and interested parties can access the audio webcast through a direct link. A replay will also be available on the company's Investor Relations website. Vera Bradley operates two lifestyle brands, Vera Bradley and Pura Vida, catering to multi-generational female customers with an emphasis on community and social consciousness.

Vera Bradley, Inc. (VRA) reported Q2 consolidated net revenues of $147.0 million, marking an 11.6% increase from the prior year. Net income reached $9.1 million, or $0.26 per diluted share. Non-GAAP net income was $9.5 million, or $0.28 per diluted share. The company maintains a strong balance sheet with over $76 million in cash and no debt. Management updated guidance for FY 2022, anticipating ongoing challenges in supply chain and advertising due to recent changes in Apple iOS, yet remains optimistic about the growth potential of its brands.

The Vera Bradley Foundation for Breast Cancer has updated its schedule for the annual fundraising event, the Vera Bradley Foundation for Breast Cancer Classic, set for September 17-20, 2021, in Fort Wayne, Indiana, due to COVID-19 concerns. Key modifications include the continuation of pickleball and golf tournaments with safety measures, but the Celebration Dinner has been canceled. The Silent Auction will now be held online. The Foundation emphasizes safety while still aiming to raise funds for breast cancer research, having contributed $36 million to date.

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.