Welcome to our dedicated page for Vera Bradley news (Ticker: VRA), a resource for investors and traders seeking the latest updates and insights on Vera Bradley stock.
Vera Bradley, Inc. (Nasdaq: VRA) is a leading American designer of women's handbags, luggage and other travel items, fashion and home accessories, and unique gifts. Founded in 1982 by friends Barbara Bradley Baekgaard and Patricia R. Miller, the company is renowned for its innovative designs, iconic patterns, and vibrant colors. Headquartered in Fort Wayne, Indiana, Vera Bradley offers a diverse range of products that inspire and connect women globally.
The company's operations are divided into three reportable segments: Vera Bradley Direct, Vera Bradley Indirect, and Pura Vida. The Vera Bradley Direct segment includes sales through Full-Line and Factory Outlet stores, e-commerce sites, and the iconic annual outlet sale in Fort Wayne. Vera Bradley Indirect focuses on sales to specialty retail locations, department stores, national accounts, and third-party e-commerce sites, along with licensing royalties. The Pura Vida segment, acquired in 2019, offers a unique and expanding range of bracelets, jewelry, and lifestyle accessories through its own websites and wholesale distribution.
The majority of Vera Bradley’s products are manufactured by third parties in Asia and distributed through its Indiana-based distribution center. The company primarily serves the U.S. market, with a solid wholesale business and substantial direct-to-consumer sales through both physical stores and online channels.
Vera Bradley is not only committed to business success but also to social consciousness and community involvement. The company is actively engaged in charitable initiatives, including the Vera Bradley Foundation for Breast Cancer, which raises funds for breast cancer research through various events and product sales.
Recent achievements include the launch of the Pixar | Vera Bradley Toy Story Collection and the strategic initiative known as Project Restoration, which aims to stabilize revenues and drive long-term profitable growth. Despite facing some sales challenges, Vera Bradley has managed to strengthen its balance sheet, reduce inventory levels, and improve gross margins. The company continues to focus on innovative product offerings and iconic collaborations to attract new customers while retaining its loyal fan base.
With a keen focus on delivering long-term value to shareholders, Vera Bradley remains dedicated to enhancing brand value, optimizing product mix, and expanding its market presence. The company's strong balance sheet, strategic initiatives, and commitment to quality position it well for future growth and success.
Vera Bradley reported a 15.4% increase in net revenues to $540.5 million for Fiscal 2022, with net income of $17.8 million or $0.52 per diluted share. Excluding certain items, non-GAAP net income was $19.7 million or $0.57 per diluted share. The company has $88.4 million in cash and no debt. CEO Rob Wallstrom highlighted challenges such as supply chain disruptions and tariff impacts yet emphasized a focus on digital strategies and product innovation. Guidance for Fiscal 2023 reflects ongoing headwinds, with strategic price increases planned.
Vera Bradley, Inc. (Nasdaq: VRA) will participate in the UBS Virtual Global Consumer & Retail Conference on March 10, 2022, at 3:00 p.m. ET. The presentation will be accessible via a live audio webcast, with a replay available on the Investor Relations website. Vera Bradley operates two lifestyle brands: Vera Bradley and Pura Vida, known for their unique designs and strong customer connections. Founded in 1982, Vera Bradley specializes in women’s handbags and accessories. In 2019, it acquired a 75% interest in Pura Vida, enhancing its product offerings.
Vera Bradley celebrates International Women’s Day with a new limited-edition handbag collection, partnering with New Hope Girls, a Dominican Republic non-profit. Launching on March 8, 2022, the collection features items designed and sewn by New Hope Girls’ artisans, with 75% of sales benefiting the organization. This initiative marks the fourth consecutive year of collaboration, aiming to support women and girls facing adversity. The collection is available at Vera Bradley stores and online, promoting empowerment and transformation.
Vera Bradley, Inc. (Nasdaq: VRA) announced that Tom Giacalone, VP of Digital, has been recognized in Signifyd's 2022 Most Influential in Ecommerce list. This accolade honors leaders who transformed challenges into opportunities within the ecommerce landscape amidst the pandemic and supply chain disruptions. Giacalone has driven Vera Bradley's digital transformation since 2014, enhancing the customer experience through various initiatives. Daren Hull, Brand President, praised Giacalone's role in evolving the company into a digitally-focused entity, demonstrating remarkable adaptability and innovation.
Vera Bradley plans to announce its fourth quarter and fiscal year results for the period ending January 29, 2022, on March 9, 2022, at 8:00 a.m. ET. Following this, a conference call will be held at 9:30 a.m. ET to discuss the results. Investors can access the live webcast on the company's Investor Relations page or dial in. Vera Bradley operates popular lifestyle brands, including Vera Bradley and Pura Vida, focusing on community and social consciousness, serving a dedicated female customer base.
Vera Bradley, Inc. reported third quarter net revenues of $134.7 million, a 7.9% increase from the prior year. Net income reached $5.8 million or $0.17 per diluted share, with non-GAAP net income at $6.2 million or $0.18. Year-to-date diluted EPS rose to $0.37, significantly up from $0.02 last year. Strong performance was noted in both Vera Bradley and Pura Vida brands, despite supply chain challenges and increasing freight costs impacting gross margins. The company maintains a robust balance sheet with over $75 million in cash and no debt.
Vera Bradley has launched a limited-edition Harry Potter™ + Vera Bradley Luna’s Medallion collection, inspired by fan-favorite character Luna Lovegood. Available exclusively on verabradley.com and at Harry Potter New York, the collection features 16 styles priced from $19.99 to $135, including popular items like the Plush Throw Blanket and Large Travel Duffel. The release aims to celebrate the holiday season and enrich the shopping experience for fans of both brands.
Vera Bradley, a leading accessories and lifestyle company, has been awarded the 2021 BBB Torch Award for Marketplace Ethics by the Better Business Bureau Serving Northern Indiana. This recognition highlights the company’s commitment to ethical business practices, community involvement, and its core values of community, kindness, and integrity. Vera Bradley's Brand President, Daren Hull, expressed gratitude for this honor, emphasizing the company’s dedication to making a positive impact. The BBB Torch Awards recognize exceptional organizations for their integrity and ethical operations.
Vera Bradley has launched a new holiday collection in collaboration with Peanuts, featuring limited-edition patterns that include 'Ski Slope Snoopy' and 'Snoopy Fair Isle.' Available in stores and online, the collection includes 71 styles priced from $14.95 to $150. It showcases the brand's new Recycled Cotton fabric and captures winter fun with Snoopy and Woodstock. Vera Bradley aims to bring joy to customers through this whimsical collaboration, which aligns with Peanuts' goal of partnering with imaginative brands.
FAQ
What is the current stock price of Vera Bradley (VRA)?
What is the market cap of Vera Bradley (VRA)?
What products does Vera Bradley, Inc. design and sell?
What are the main business segments of Vera Bradley, Inc.?
Where are Vera Bradley products manufactured?
What is the Vera Bradley Foundation for Breast Cancer?
What is Project Restoration?
How does Vera Bradley distribute its products?
What recent collaborations has Vera Bradley launched?
When was Pura Vida acquired by Vera Bradley?
What is the focus of the Pura Vida segment?
Where can I find investor information about Vera Bradley, Inc.?
