VRA - Vera Bradley Inc. (VRA) Q1 2025 Earnings Call Transcript
2024-06-12 12:39:09 ET
Vera Bradley, Inc. (VRA)
Q1 2025 Earnings Call Transcript
June 12, 2024, 09:30 AM ET
Company Participants
Mark Dely - Chief Administrative Officer
Jackie Ardrey - CEO
Michael Schwindle - CFO
Conference Call Participants
Daniel Harriman - Sidoti & Company
Eric Beder - SCC Research
Doug Lane - Water Tower Research
Presentation
Operator
Greetings. Welcome to the Vera Bradley First Quarter Fiscal 2025 Earnings Conference Call. At this time, all participants will be in listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] Please note that this conference is being recorded. At this time, I'll now turn the conference over to Mark Dely, Chief Administrative Officer. Mr. Dely, you may begin.
Mark Dely
Good morning and welcome everyone. We'd like to thank you for joining us for today's call. Some of the statements made during our prepared remarks in response to your questions may constitute forward-looking statements made pursuant to and within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 as amended. Such forward-looking statements are subject to both known and unknown risks and uncertainties that could cause actual results to differ materially from those that we expect. Please refer to today's press release in the company's most recent Form 10-K filed with the SEC for discussion of known risks and uncertainties. Investors should not assume that the statements made during the call will remain operative at a later time. We undertake no obligation to update any information discussed on today's call.
I will now turn the call over to Vera Bradley, CEO, Jackie Ardrey. Jackie?
Jackie Ardrey
Thank you, Mark. Good morning, everyone, and thank you for joining us on today's call. We have a lot to discuss today about the upcoming rollout of project restoration, but let me begin by making a few comments on the first quarter. Overall, our first quarter performance reflected the continuation of a number of trends from last year. Many of these were driven by the same economic challenges that several other specialty retailers have noted in their earnings releases. We are also in a transitionary phase with the upcoming July public facing rollout of Project Restoration, which includes the introduction of new Vera Bradley product assortments late in the second quarter....
Vera Bradley, Inc. (VRA) Q1 2025 Earnings Call Transcript