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Why Fashion Retailer Vera Bradley's Shares Are Plunging Today

Vera Bradley Inc (NASDAQ:VRA) shares are trading lower following a worse-than-expected first-quarter FY25 earnings. The company reported a first-quarter sales decline of 14.6% year-on-year to $80.60 million, missing the analyst consensus estimate of $90.39 million. Adjusted EPS loss of $0.21 widened from the prior year’s $0.09 loss. Direct segment revenue decreased by 4.2% to $56.4 million, and Indirect segment revenues declined by 25% to $11.5 million. The gross margin contracted 280 basis points year over year to 52%, and the gross profit dropped 18.9% to $41.9 million. The quarter’s operating loss widened to $11.4 million, compared to $6.4 million ...