Vera Bradley, Inc.

Listed Company

VRACIK 0001495320NasdaqNon-AcceleratedLeather & Leather ProductsFY ends Jan 30

Period

FY 2026

Revenue

$269.65M

Net Income

$-47.84M

Total Assets

$234.00M

Equity

$131.64M

Shares Out

27.97M

Op. Cash Flow

$-9.97M

Business

Vera Bradley, Inc. operates two lifestyle brands, Vera Bradley and Pura Vida, offering branded apparel, accessories, handbags, luggage, travel items, home goods, and jewelry. The company’s main products and services include designer women’s bags, travel accessories, fashion and home accessories, unique gifts, and Pura Vida bracelets and jewelry, supported by product development, licensing, marketing, and retail experiences. Vera Bradley reports three segments: Vera Bradley Direct (full-line and outlet stores and e-commerce), Vera Bradley Indirect (wholesale, department stores, and licensing), and Pura Vida. The company sells primarily in the United States through multi-channel distribution including e-commerce, full-line and outlet stores, wholesale partners, department stores, and select international online channels.

Summary from filing dated 2025-03-28

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-01-31	FY 2025 2025-01-31	FY 2024 2024-01-31	FY 2023 2023-01-31	FY 2022 2022-01-31
Net revenues	270	319	384	500	540
Cost of sales	145	160	180	261	253
Gross profit	125	159	204	239	288
Selling, general, and administrative expenses	158	188	193	265	262
Other income, net	1	832,000	899,000	457,000	961,000
Operating (loss) income from continuing operations	−32	−29	12	−95	27
Interest (expense) income, net	−462,000	752,000	661,000	−153,000	−263,000
(Loss) income from continuing operations before income taxes	−32	−28	12	−95	27
Income tax expense	303,000	5	4	−16	6
Net (loss) income from continuing operations	−33	−33	9	−79	20
Loss from discontinued operations, net of income tax	−15	−29	−758,000	—	—
Net (loss) income	−48	−62	8	−60	18
Basic weighted-average shares outstanding	28	29	31	32	34
Diluted weighted-average shares outstanding	28	29	31	32	34
Continuing operations (in dollars per share)	−1.17	−1.15	0.27	—	—
Discontinued operations (in dollars per share)	−0.54	−1	−0.02	—	—
Basic net (loss) income per share attributable to Vera Bradley, Inc. common shareholders	−1.71	−2.15	0.25	−1.9	0.53
Continuing operations (in dollars per share)	−1.17	−1.15	0.27	—	—
Discontinued operations (in dollars per share)	−0.54	−1	−0.02	—	—
Diluted net (loss) income per share attributable to Vera Bradley, Inc. common shareholders	−1.71	−2.15	0.25	−1.9	0.52

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2026 2026-01-31	FY 2025 2025-01-31	FY 2024 2024-01-31	FY 2023 2023-01-31	FY 2022 2022-01-31
Cash and cash equivalents	19	29	77	47	88
Accounts receivable, net	17	14	17	22	21
Inventories	76	91	118	142	145
Short-term contingent consideration	2	0	—	—	—
Income taxes receivable	317,000	584,000	461,000	1	9
Prepaid expenses and other current assets	6	8	13	14	16
Current assets of discontinued operations	0	22	—	—	—
Total current assets	120	165	226	227	279
Operating right-of-use assets	63	75	66	78	80
Property, plant, and equipment, net	46	53	54	59	60
Long-term contingent consideration	230,000	0	—	—	—
Other assets	4	9	6	4	6
Long-term assets of discontinued operations	0	5	—	—	—
Total assets	234	307	381	405	518
Accounts payable	16	17	14	20	30
Accrued employment costs	5	7	13	14	12
Short-term operating lease liabilities	19	19	18	20	19
Other accrued liabilities	10	9	12	13	16
Income taxes payable	16,000	0	640,000	558,000	0
Current liabilities of discontinued operations	0	6	—	—	—
Total current liabilities	50	58	58	68	78
Long-term operating lease liabilities	52	66	63	75	81
Other long-term liabilities	2,000	47,000	44,000	90,000	195,000
Long-term liabilities of discontinued operations	0	3	—	—	—
Total liabilities	102	128	121	142	159
Commitments and contingencies	—	—	—	—	—
Preferred stock; 5,000 shares authorized, no shares issued or outstanding	0	0	0	0	0
Common stock, without par value; 200,000 shares authorized, 43,800 and 43,535 shares issued and 27,966 and 27,701 outstanding, respectively	0	0	0	0	0
Additional paid-in capital	116	116	113	110	108
Retained earnings	172	220	282	275	334
Accumulated other comprehensive loss	−132,000	−19,000	−72,000	−105,000	−29,000
Treasury stock	−157	−157	−135	−133	−115
Total shareholders equity of Vera Bradley, Inc.	132	179	260	251	327
Total liabilities, redeemable noncontrolling interest, and shareholders equity	234	307	381	405	518

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-01-31	FY 2025 2025-01-31	FY 2024 2024-01-31	FY 2023 2023-01-31	FY 2022 2022-01-31
Depreciation of property, plant, and equipment	8	9	8	9	9
Amortization of operating right-of-use assets	20	20	21	22	21
Impairment of goodwill and intangible assets	0	6	5	—	—
Other impairment charges	1	3	0	1	85,000
Amortization of intangible assets	0	1	3	3	3
Provision for doubtful accounts	128,000	31,000	322,000	−77,000	101,000
Stock-based compensation	870,000	4	3	3	5
Deferred income taxes	0	20	2	—	—
Loss on sale of business	15	0	0	—	—
Other non-cash charges, net	85,000	34,000	7,000	6,000	−37,000
Accounts receivable	−4	2	5	−1	7
Inventories	16	8	24	3	−3
Prepaid expenses and other assets	6	773,000	−833,000	4	2
Accounts payable	−2	6	−6	−10	3
Income taxes	283,000	−763,000	932,000	9	−2
Operating lease liabilities, net	−23	−24	−23	−25	−26
Accrued and other liabilities	−110,000	−7	−2	−2	2
Net cash (used in) provided by operating activities	−10	−14	48	−13	40
Purchases of property, plant, and equipment	−3	−10	−4	−8	−5
Proceeds from sale of business, net of cash disposed	2	0	0	—	—
Cash paid for business acquisition	0	0	−10	0	0
Net cash used in investing activities	−2	−10	−14	−8	−4
Tax withholdings for equity compensation	−233,000	−751,000	−1	−1	−2
Repurchase of common stock	0	−22	−2	−18	−8
Borrowings under asset-based revolving credit agreement	15	0	0	0	0
Repayment of borrowings under asset-based revolving credit agreement	−15	0	0	0	0
Net cash used in financing activities	−233,000	−23	−4	−20	−11
Effect of exchange rate changes on cash and cash equivalents	−113,000	53,000	33,000	−76,000	−33,000
Net (decrease) increase in cash and cash equivalents	−12	−47	31	−42	24
Cash paid for income taxes, net	65,000	1	837,000	−7	9
Cash paid for interest	359,000	140,000	145,000	88,000	293,000

Filings

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