BUZZ-Handbag firm Vera Bradley falls after quarterly revenue drop
Handbag firm Vera Bradleysaw its shares drop 21.1% to $2.14 in premarket trading after reporting a 24.9% decline in Q4 net revenue to $99.96 million. The company posted a net loss of $1.69 per share, compared to a loss of 6 cents per share a year earlier. Vera Bradley signed an agreement to sell its Pura Vida business and forecasts FY 2026 net revenue of $280 million, down from $318.8 million in FY 2025. The company acknowledged that its transformation is taking longer than expected, impacting profitability.
Handbag and luggage company Vera Bradley’s (VRA.O) shares down 21.1% to $2.14 premarket
Company’s Q4 net revenue falls 24.9% to $99.96 million
Reports Q4 net loss of $1.69/shr, compared to a loss 6 cents/shr a year earlier
Company says it signed an interest purchase agreement to sell all ownership interests of Pura Vida business
Forecasts FY 2026 net revenue of $280 million, compared with $318.8 million in FY 2025 excluding the Pura Vida segment
Company acknowledges transformation is taking longer than anticipated and that the migration of business from stores to digital e-commerce created profitability headwinds
VRA stock down 30.9% YTD as of last close, fell 48.96% in 2024
