Vera Bradley news and archive

Vera Bradley's Q1 loss narrows but revenues drop

Consolidated first quarter net revenues at Vera Bradley totaled 94.4 million dollars compared to 98.5 million dollars in the prior year. The company’s consolidated net loss was 4.7 million dollars or 15 cents loss per diluted share compared to net loss of 7 million dollars or 21 cents per diluted share in the previous year. Pura Vida segment...

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Vera Bradley posts Q4 loss

Consolidated net revenues at Vera Bradley, Inc. were 147.1 million dollars for the fourth quarter compared to 149.6 million dollars in the prior year fourth quarter. The company’s net loss for the quarter was 28.2 million dollars or 91 cents per diluted share. On a non-GAAP basis, net income totaled 5 million dollars or 16 cents per diluted...

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Vera Bradley eliminates key leadership positions

As a part of the reorganised leadership structure, Vera Bradley, Inc., has eliminated the positions of Vera Bradley brand president, chief creative officer, and chief revenue officer. As a result, three members of the Vera Bradley brand executive team – president Daren Hull, chief creative officer Beatrice Mac Cabe, and chief revenue officer...

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Vera Bradley sales drop, the company names Jackie Ardrey as new CEO

Consolidated net revenues at Vera Bradley Inc. totaled 124 million dollars compared to 134.7 million dollars in the prior year third quarter ended October 30, 2021. The company said, third quarter net income totaled 5.2 million dollars or 17 cents per diluted share. On a non-GAAP basis, net income totaled 6.3 million dollars or 20 cents per...

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Jacqueline Ardrey to replace Robert Wallstrom as Vera Bradley CEO

Vera Bradley, Inc. has appointed Jacqueline Ardrey as the company’s president and chief executive officer (CEO) effective November 1, 2022, replacing retiring president and CEO Robert Wallstrom. Commenting on Ardrey’s appointment as CEO, Robert Hall, chairman of the Vera Bradley, Inc. board said: “We are confident Jackie will be instrumental in...

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Vera Bradley reports Q2 loss of 29.8 million dollars

Consolidated net revenues at Vera Bradley totalled 130.4 million dollars compared to 147 million dollars in the prior year second quarter ended July 31, 2021. Consolidated net revenues totalled 228.8 million dollars for the six months ended July 30, 2022, compared to 256.1 million dollars in the prior year six month period ended July 31, 2021....

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Vera Bradley sells retail start-up GoodMrkt to co-founder

American bag company Vera Bradley has reportedly sold its 16-month-old subsidiary GoodMrkt to its co-founder and chief brand officer Harry Cunningham. According to WWD, the decision to sell comes as part of Vera Bradley’s board of director’s decision to focus on the growth of its two core brands, as noted in a statement to the publication from...

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Vera Bradley CEO Robert Wallstrom to retire

Vera Bradley, Inc. has announced the planned retirement of president and chief executive officer Robert Wallstrom. The company said in a statement that Wallstrom will remain in his role until a successor is named, which is expected by the beginning of 2023. Wallstrom will work with the board of directors in their national search for his...

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Vera Bradley reports Q1 net loss of 7 million dollars

Consolidated net revenues at Vera Bradley were 98.5 million dollars for the first quarter, while net loss totalled 7 million dollars or 21 cents per diluted share. On a non-GAAP basis, Vera Bradley’s net loss totalled 6.1 million dollars or 19 cents per diluted share. “While total company first quarter revenues of 98.5 million dollars fell below...

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Lockie Andrews named chief growth officer of Pura Vida brand

Vera Bradley, Inc. has appointed Lockie Andrews as chief growth officer for its Pura Vida brand. In this role, the company said in a statement, Andrews will be responsible for all digital, performance marketing, sales, and merchandising initiatives across Pura Vida’s channels of distribution. The company added that Andrews will join co-founders...

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Vera Bradley revenues increase in Q4 and full year

Vera Bradley, Inc. consolidated net revenues totalled 149.6 million dollars for the current year fourth quarter, an increase of 5.1 percent. For the full year, net revenues totalled 540.5 million dollars, an increase of 15.4 percent over fiscal 2021. Net income for the quarter totalled 5.2 million dollars or 15 cents per diluted share. On a...

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Vera Bradley's Q3 revenues increase, updates outlook

Third quarter net revenues at Vera Bradley, Inc. totalled 134.7 million dollars, an increase of 7.9 percent over the prior year third quarter. Consolidated net income totaled 5.8 million dollars or 17 cents per diluted share compared to 8.9 million dollars or 26 cents per diluted share last year. For the nine month period, net revenues totalled...