---
schema_version: "secwatch.filing_event.v1"
accession: "0001495320-23-000033"
form_type: "8-K"
ticker: "VRA"
cik: "0001495320"
company_name: "Vera Bradley, Inc."
filed_at: "2023-06-07T23:59:59+00:00"
generated_at: "2026-06-14T05:46:21.483043+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Vera Bradley Q1 net loss narrows to $4.7M; raises FY2024 EPS guidance to $0.57-$0.67

## Summary
- Consolidated net revenues $94.4M (-4.2% YoY); GAAP net loss ($4.7M) or ($0.15)/share vs. ($7.0M) or ($0.21) prior year.
- Non-GAAP net loss ($2.6M) or ($0.09)/share; gross margin expanded to 54.8% from 53.3% on lower freight and inventory sell-through.
- New CFO Michael Schwindle joined May 8; company announced $12M annualized savings including elimination of ~25 corporate positions.
- FY2024 guidance raised: rev $490-510M, op income $24-28M, diluted EPS $0.57-$0.67, free cash flow $35-40M.
- Balance sheet: $25.3M cash, no debt, inventories down 11.8% YoY; $0.7M shares repurchased in Q1.

## SEC filing metadata
- accession: 0001495320-23-000033
- form_type: 8-K
- ticker: VRA
- cik: 0001495320
- company_name: Vera Bradley, Inc.
- filed_at: 2023-06-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1495320/000149532023000033/0001495320-23-000033-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1495320/000149532023000033/vra-20230607.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001495320-23-000033
- JSON: https://secwatch.observer/filing/0001495320-23-000033.json
- Plain text: https://secwatch.observer/filing/0001495320-23-000033.txt

## Key facts
- Earnings Releases
  Vera Bradley, Inc. reported the quarterly period ended April 29, 2023 results: revenue $94.4 million, net income ($4.7) million, or ($0.15) per diluted share, EPS ($0.15) per diluted share. Guidance raised.
  - Period: the quarterly period ended April 29, 2023
  - Revenue: $94.4 million
  - Net income: ($4.7) million, or ($0.15) per diluted share
  - EPS: ($0.15) per diluted share
  - Guidance: raised
  - Result: reported results
  source text: Consolidated net revenues totaled $94.4 million compared to $98.5 million in the prior year first quarter ended April 30, 2022. For the current year first quarter, Vera Bradley, Inc.'s consolidated net loss totaled ($4.7) million, or ($0.15) per diluted share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1495320/000149532023000033/0001495320-23-000033-index.htm

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