The handbag and accessories retailer narrowed its quarterly loss to $4.83 million, or 17 cents a share, a significant improvement from the $33.5 million loss recorded during the same period last year. Revenue rose by 7.8% to $55.7 million, bolstered by a return to customer growth in direct channels for the first time since 2021.
In section Market Quotes
Vera Bradley Hits Growth Milestone After Four-Year Slump
After four years of stagnant performance, Vera Bradley has finally broken its downward trajectory. Chief Executive Ian Bickley confirmed the company achieved its first quarter of revenue growth, a pivotal shift that sent shares climbing 21% to $3.83 during premarket trading following the announcement of the first-quarter results.
Bickley credited the momentum to strategic partnerships, specifically noting that collaborations with Bath and Body Works and Target successfully captured new audiences. Approximately 80% of customers interacting with these campaigns were new to the brand. Looking toward the remainder of the fiscal year, the company maintains its revenue guidance of $255 million to $270 million.
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