secwatch.observer — SEC 8-K summary
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Issuer:     Vera Bradley, Inc. (VRA)
CIK:        0001495320
Form:       8-K
Filed at:   2024-06-12T23:59:59+00:00
Accession:  0001495320-24-000047
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Vera Bradley Q1 revenues fall 14.6% to $80.6M; net loss per share $(0.26)
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- Q1 net revenues $80.6M vs $94.4M YoY; GAAP net loss $(8.1)M ($(0.26)/diluted share) vs $(4.7)M ($(0.15)).
- Non-GAAP net loss $(6.5)M ($(0.21)/diluted share); operating loss margin 14.2% vs 6.8% last year.
- Pura Vida revenues fell 37% to $12.7M; Vera Bradley Direct down 4.2%, comparable sales -9.6%.
- FY2025 guidance reaffirmed: revenues $460-480M, diluted EPS $0.54-$0.62; cash $55.2M, no debt.
- Project Restoration on track; consumer-facing changes in mid-July; $6.3M in stock repurchases in Q1.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1495320/000149532024000047/0001495320-24-000047-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1495320/000149532024000047/vra-20240612.htm
  HTML page:      https://secwatch.observer/filing/0001495320-24-000047

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