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Vera Bradley (VRA) investor relations material
Vera Bradley Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Q2 revenues were $70.9 million, down 24.6%–25% year-over-year, with both Direct and Indirect segments experiencing significant declines and results aligning with internal expectations.
Sequential improvement in comparable store sales and online performance was observed, supported by new product launches and marketing strategies.
Strategic initiatives are underway to revitalize the brand, sharpen focus, optimize operations, and enhance omnichannel engagement.
A nationwide CEO search is ongoing, with an interim Executive Chairman and new CFO appointed; $3.0 million in severance charges were recorded for executive transition.
The company completed the sale of its Pura Vida business, resulting in a $15.2 million loss from discontinued operations for the six-month period.
Financial highlights
Q2 consolidated revenues were $70.9 million, down from $94.0 million last year; six-month revenues were $122.5 million, down from $162.0 million.
Q2 net loss from continuing operations was ($4.7 million), or ($0.17) per diluted share; non-GAAP net loss was ($0.5 million), or ($0.02) per share.
Gross profit for Q2 was $35.5 million (50.1% of net revenues), up in margin from 49.7%–49.9% last year; sequential gross margin improved 600 bps over Q1.
SG&A expense for Q2 was $40.4 million (57.1% of net revenues); non-GAAP SG&A was $36.3 million (51.2%).
Q2 operating loss from continuing operations was ($4.6 million), or (6.5%) of net revenues; non-GAAP operating loss was ($0.6 million), or (0.8%).
Outlook and guidance
No formal guidance provided due to ongoing transformation and dynamic consumer environment; management is focused on executing strategic initiatives for long-term growth.
Sequential improvements in comps and gross margin are expected as operational discipline is enhanced.
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