2024-06-18 02:50:40 ET
Summary
- Vera Bradley has seen a dip in net revenues in the most recent quarter.
- VRA's Project Restoration initiative seems prudent and has the capacity to allow for a longer-term rebound in growth.
- That said, I take the view that net sales and earnings need to rebound to justify upside from here.
Investment Thesis
I rate Vera Bradley ( VRA ) as a Hold at this time, but take the view that the company does have the potential for a longer-term rebound....
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Vera Bradley: Project Restoration Promising, But Looking For Net Revenue Growth