VRA - Why Fashion Retailer Vera Bradley's Shares Are Plunging Today | Benzinga
Vera Bradley Inc (NASDAQ:VRA) shares are trading lower following a worse-than-expected first-quarter FY25 earnings.
The company reported a first-quarter sales decline of 14.6% year-on-year to $80.60 million, missing the analyst consensus estimate of $90.39 million.
Adjusted EPS loss of $0.21 widened from the prior year’s $0.09 loss. Direct segment revenue decreased by 4.2% to $56.4 million, and Indirect segment revenues declined by 25% to $11.5 million.
The gross margin contracted 280 basis points year over year to 52%, and the gross profit dropped 18.9% to $41.9 million. The quarter’s operating loss widened to $11.4 million, compared to $6.4 million ...