$VRA

Vera Bradley, Inc.

CIK:0001495320|SEC Filings

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 01, 2026	Aug. 02, 2025	Aug. 01, 2026	Aug. 02, 2025
Net revenues	$ 71,649	$ 70,858	$ 127,351	$ 122,510
Cost of sales	28,835	35,361	55,706	64,246
Gross profit	42,814	35,497	71,645	58,264
Selling, general, and administrative expenses	38,747	40,442	72,875	81,246
Other income, net	113	353	762	533
Operating income (loss) from continuing operations	4,180	(4,592)	(468)	(22,449)
Interest income (expense), net	227	(134)	162	(130)
Income (loss) from continuing operations before income taxes	4,407	(4,726)	(306)	(22,579)
Income tax (benefit) expense	(93)	(17)	19	390
Net income (loss) from continuing operations	4,500	(4,709)	(325)	(22,969)
Net income (loss)	$ 4,500	$ (4,672)	$ (325)	$ (38,132)
Basic weighted-average shares outstanding (in shares)	28,546	27,935	28,337	27,854
Diluted weighted-average shares outstanding (in shares)	30,004	27,935	28,337	27,854
Basic net income (loss) per share:
Continuing Operations (in dollars per share)	$ 0.16	$ (0.17)	$ (0.01)	$ (0.82)
Discontinued Operations (in dollars per share)	0	0	0	(0.55)
Basic net (loss) income per share (in dollars per share)	0.16	(0.17)	(0.01)	(1.37)
Diluted net income (loss) per share:
Continuing Operations (in dollars per share)	0.15	(0.17)	(0.01)	(0.82)
Discontinued Operations (in dollars per share)	0	0	0	(0.55)
Diluted net (loss) income per share (in dollars per share)	$ 0.15	$ (0.17)	$ (0.01)	$ (1.37)
Discontinued Operations, Disposed of by Sale
Income (loss) from discontinued operations, net of income tax	$ 0	$ 37	$ 0	$ (15,163)

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Aug. 01, 2026	Aug. 02, 2025
Cash flows from operating activities
Net income (loss) attributable to Vera Bradley, Inc.	$ (325)	$ (38,132)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation of property, plant, and equipment	3,522	4,100
Amortization of operating right-of-use assets	9,914	10,220
Impairment charges	0	1,048
Provision for doubtful accounts	161	97
Stock-based compensation	2,658	(29)
Loss on sale of business	0	15,163
Other non-cash loss, net	92	17
Changes in assets and liabilities:
Accounts receivable	4,321	(3,994)
Inventories	6,699	(4,913)
Prepaid expenses and other assets	(1,228)	(1,212)
Accounts payable	(1,718)	2,830
Income taxes	100	140
Operating lease liabilities, net	(11,162)	(11,772)
Accrued and other liabilities	4,687	3,139
Net cash provided by (used in) operating activities	17,721	(23,298)
Cash flows from investing activities
Purchases of property, plant, and equipment	(1,038)	(2,613)
Proceeds from sale of business, net of cash disposed	0	1,037
Net cash used in investing activities	(1,038)	(1,576)
Cash flows from financing activities
Tax withholdings for equity compensation	(930)	(200)
Borrowings under asset-based revolving credit agreement	0	15,000
Repayment of borrowings under asset-based revolving credit agreement	0	(5,000)
Net cash (used in) provided by financing activities	(930)	9,800
Effect of exchange rate changes on cash and cash equivalents	(17)	(108)
Net increase (decrease) in cash and cash equivalents	15,736	(15,182)
Cash and cash equivalents, beginning of period	18,513	30,366
Cash and cash equivalents, end of period	34,249	15,184
Supplemental disclosure of cash flow information
Cash (received) paid for interest	(244)	121
Cash (received) paid for income taxes, net	(80)	252
Supplemental disclosure of non-cash activity
Purchases of property, plant, and equipment incurred but not yet paid	622	92
Earn-out liability	$ 1,835	$ 2,552

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Aug. 01, 2026	Jan. 31, 2026
Current assets:
Cash and cash equivalents	$ 34,249	$ 18,513
Accounts receivable, net	12,819	17,301
Inventories	69,252	75,951
Short-term contingent consideration	1,835	1,605
Income taxes receivable	223	317
Prepaid expenses and other current assets	7,468	6,034
Total current assets	125,846	119,721
Operating right-of-use assets	64,915	63,233
Property, plant, and equipment, net	44,255	46,358
Long-term contingent consideration	0	230
Other assets	4,257	4,463
Total assets	239,273	234,005
Current liabilities:
Accounts payable	14,905	16,235
Accrued employment costs	8,698	5,394
Short-term operating lease liabilities	15,573	18,620
Other accrued liabilities	12,353	10,185
Income taxes payable	22	16
Total current liabilities	51,551	50,450
Long-term operating lease liabilities	55,395	51,914
Other long-term liabilities	2	2
Total liabilities	106,948	102,366
Commitments and contingencies
Shareholders’ equity:
Preferred stock; 5,000 shares authorized, no shares issued or outstanding	0	0
Common stock, without par value; 200,000 shares authorized, 44,519 and 43,800 shares issued and 28,684 and 27,966 shares outstanding, respectively	0	0
Additional paid-in capital	117,180	116,152
Retained earnings	172,114	172,439
Accumulated other comprehensive loss	(149)	(132)
Treasury stock	(156,820)	(156,820)
Total shareholders’ equity	132,325	131,639
Total liabilities and shareholders’ equity	$ 239,273	$ 234,005