Vera Bradley, Inc. (VRA) Q2 FY2027 earnings

Reported results

• Consolidated net revenues from continuing operations totaled $71.6 million, compared to $70.9 million in the prior year second quarter (1.1% increase).
• Direct segment revenues totaled $65.4 million, an 8.0% increase from $60.5 million in the prior year second quarter, with comparable sales increased 9.2%.
• Net income from continuing operations totaled $4.5 million, or $0.15 per diluted share (GAAP); on a non-GAAP basis, net income from continuing operations totaled $3.3 million, or $0.11 per diluted share.
• Consolidated gross profit totaled $42.8 million, or 59.8% of net revenues (GAAP), compared to $35.5 million, or 50.1% of net revenues in the prior year; on a non-GAAP basis, prior year consolidated gross profit totaled $35.4 million, or 49.9% of net revenues.
• Operating income from continuing operations totaled $4.2 million, or 5.8% of net revenues (GAAP), compared to an operating loss of ($4.6) million, or (6.5%) of net revenues in the prior year second quarter; on a non-GAAP basis, operating income from continuing operations totaled $4.3 million, or 5.9% of net revenues, compared to ($0.6) million, or (0.8%) of net revenues in the prior year second quarter.
• Cash and cash equivalents as of August 1, 2026, totaled $34.2 million compared to $15.2 million at the end of last year’s second quarter; inventory was $69.3 million, a 28.4% reduction compared to $96.7 million at the end of last year’s second quarter.

Guidance

• The Company plans for sales to be in the range of $255 million to $270 million for Fiscal 2027.
• The Company anticipates non-GAAP operating loss improvement by 50% or better versus the prior year loss of ($21.7) million.

Notes

The increase in year-over-year gross margin rate is primarily due to the impact of $7.7 million for tariff refunds received during the quarter relating to prior period customs entries; excluding tariff refunds gross margin rate improved more than 0.4% versus last year. The increase in non-GAAP SG&A expense is due to higher variable compensation expense this year combined with prior year benefit from stock forfeitures. All guidance-related numbers are non-GAAP except net revenues.

Price and volatility reaction

Source

The figures above come from the earnings release the company filed with the SEC on 2026-09-15 (8-K, Item 2.02). Read the original filing on sec.gov.