Vera Bradley, Inc.

Vera Bradley, Inc. reported a net loss of $47.8 million for fiscal year 2026, an improvement from a $62.2 million loss in fiscal 2025. Net revenues declined 15.4% year-over-year to $269.7 million, driven by decreases in both the Direct and Indirect segments. The Direct segment saw an 11.6% revenue decline to $227.8 million, while the Indirect segment experienced a 31.5% decline to $41.9 million. Gross profit decreased 21.3% to $125.0 million, with gross margin contracting from 49.8% to 46.4% due to inventory write-downs and lower-margin sales. Operating loss from continuing operations worsened to $31.9 million from $28.8 million in the prior year. The company ended the period with $46.6 million in cash and cash equivalents and had $58.6 million available under its credit facility.

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