---
schema_version: "secwatch.filing_event.v1"
accession: "0001495320-22-000033"
form_type: "8-K"
ticker: "VRA"
cik: "0001495320"
company_name: "Vera Bradley, Inc."
filed_at: "2022-08-31T23:59:59+00:00"
generated_at: "2026-06-23T18:36:54.504206+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Vera Bradley Q2 net loss $29.8M; cuts FY23 revenue guidance to $480-490M

## Summary
- Q2 consolidated net revenues $130.4M (down 11.3% YoY); net loss ($29.8M) or ($0.95)/diluted share; non-GAAP net income $2.4M ($0.08)/share.
- Pura Vida segment revenue fell 21.3% to $26.0M; recorded $18.2M goodwill and intangible impairment, driving overall net loss.
- Initiated $25M annual cost reduction program; FY2023 guidance cut: revenues $480-$490M (vs $540.5M prior year), diluted EPS $0.20-$0.28 (vs $0.57 prior).
- Q2 comparable sales at Vera Bradley Direct declined 13.8%; gross margin compressed to 46.4% (52.0% non-GAAP) due to freight and overhead.
- Cash and equivalents $38.3M, no debt; completed $6.0M share repurchases in Q2, $29.3M remaining under authorization.

## SEC filing metadata
- accession: 0001495320-22-000033
- form_type: 8-K
- ticker: VRA
- cik: 0001495320
- company_name: Vera Bradley, Inc.
- filed_at: 2022-08-31T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1495320/000149532022000033/0001495320-22-000033-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1495320/000149532022000033/vra-20220831.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001495320-22-000033
- JSON: https://secwatch.observer/filing/0001495320-22-000033.json
- Plain text: https://secwatch.observer/filing/0001495320-22-000033.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.