The following is a summary of the Vera Bradley, Inc. (VRA) Q4 2024 Earnings Call Transcript:

Financial Performance:

• Vera Bradley ended the fiscal year with consolidated revenues of approximately $471 million.

• The company reported a GAAP Net income of $7.8 million or $0.25 per diluted share, marking a return to profitability from a loss last year.

• Excluding charges on a non-GAAP basis, net income for the fiscal year amounted to $17.2 million or $0.55 per diluted share, primarily driven by gross margin performance and disciplined expense control.

• Vera Bradley's Q4 consolidated net revenues were $133.3 million, down from $147.1 million in the prior year.

• The Q4 net income was $3.5 million or $0.11 per diluted share, a significant improvement from a net loss of $1 million or $0.03 per diluted share last year.

• For fiscal 2025, they expect consolidated net revenues of $460 million to $480 million and to achieve a consolidated operating income of $21 million to $24.5 million.

Business Progress:

• Vera Bradley successfully completed the first full year of its turnaround strategy, Project Restoration, which is focused on branding improvements, product assortments, and store environment upgrades.

• The company plans to launch Project New Day as part of Project Restoration, which includes the reveal of new and elevated branding, marketing, product lines, store design, and website.

• To further stabilize revenues, Vera Bradley plans to invest in strategic partnerships and licensing deals to extend market reach, and is targeting a core customer base of casual and feminine women aged between 35 to 54.

• Vera Bradley plans on opening two full-line stores this year and is exploring new store formats and markets.

• The company managed to successfully cut down its inventory, gaining strategic benefits, and is confident going into the new season with new product launches.

• The business plans to continue its investment for store remodeling and technology enhancements, predicting a free cash flow of approximately $10 million in fiscal 2025.

More details: Vera Bradley IR

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