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Handbag firm Vera Bradley falls after quarterly revenue drop

ReutersMar 12, 2025 1:19 PM

Handbag and luggage company Vera Bradley's VRA.O shares down 21.1% to $2.14 premarket

Company's Q4 net revenue falls 24.9% to $99.96 million

Reports Q4 net loss of $1.69/shr, compared to a loss 6 cents/shr a year earlier

Company says it signed an interest purchase agreement to sell all ownership interests of Pura Vida business

Forecasts FY 2026 net revenue of $280 million, compared with $318.8 million in FY 2025 excluding the Pura Vida segment

Company acknowledges transformation is taking longer than anticipated and that the migration of business from stores to digital e-commerce created profitability headwinds

VRA stock down 30.9% YTD as of last close, fell 48.96% in 2024

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