Q2 2025 Vera Bradley Inc Earnings Call Transcript
Key Points
- Successful launch of Project Restoration aimed at reinvigorating the Vera Bradley brand.
- Increased average transactions by 9.3% post-launch, reflecting higher full-price selling.
- Strong performance in top-tier collections like Leather and Oxford Canvas.
- New partnerships with retailers like Urban Outfitters, expanding brand reach.
- Maintained a strong financial position with no debt and $44 million in cash.
- Overall net revenues declined by 13.5% compared to the prior year.
- Non-GAAP net income fell to $3.9 million from $10.2 million in the previous year.
- Pura Vida segment saw a 33% decrease in revenues due to high digital media acquisition costs.
- Continued macroeconomic consumer headwinds affecting discretionary spending.
- Increased liquidation sales and promotional activity negatively impacted gross margins.
Greetings, welcome to the Vera Bradley second quarter fiscal 2025 earnings conference call. At this time, all participants are in listen-only mode. Question-and-answer session will follow the formal presentation. (Operator Instructions)
Please note that this conference is being recorded. I'll now turn the call over to Mark Dely, Chief Administrative Officer. Mr. Dely, you may go ahead to proceed.
Good morning and welcome, everyone. I'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
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