secwatch.observer — SEC 8-K summary
======================================

Issuer:     Vera Bradley, Inc. (VRA)
CIK:        0001495320
Form:       8-K
Filed at:   2022-06-08T23:59:59+00:00
Accession:  0001495320-22-000019
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Vera Bradley Q1 net loss $0.21/sh on rev $98.5M (down 10% YoY); guides FY rev $490-505M
--------------------------------------------------------------------------------

- Consolidated net revenues $98.5M, down from $109.1M YoY; net loss $7.0M ($0.21 diluted).
- Pura Vida revenues fell 26.8% YoY to $19.8M; Vera Bradley Direct comparable sales down 11.1%.
- Company lowers FY2023 guidance: net revenues $490-505M (from $540.5M in FY2022); diluted EPS $0.35-$0.50.
- Cost reduction initiative targeting $15-$25M annual savings; repurchased $10.5M of stock in Q1.
- Gross margin 53.3% vs 54.2% YoY, pressured by freight; SG&A flat at $60.9M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1495320/000149532022000019/0001495320-22-000019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1495320/000149532022000019/vra-20220608.htm
  HTML page:      https://secwatch.observer/filing/0001495320-22-000019

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer