Vera Bradley (VRA) Q4 2026 Earnings Transcript

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Thursday, March 12, 2026 astatine 8:30 a.m. ET

• Chief Executive Officer and Chairman — Ian Bickley

• Chief Operating and Financial Officer — Martin Layding

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Ian Bickley: Good morning, everyone, and convey you for joining america for Vera Bradley's Fourth Quarter and Full Year 2026 Earnings Call. Before I statesman discussing our quarterly results and continued translation progress, I privation to stock immoderate important enactment quality that reflects the Board's assurance successful our strategical absorption and the momentum we are building. I americium pleased to denote that the Board of Directors has named maine arsenic Vera Bradley's imperishable Chief Executive Officer successful summation to my existent relation arsenic Chairman of the Board, transitioning from my relation arsenic Executive Chairman. Additionally, our Chief Financial Officer, Martin Layding, volition beryllium expanding the scope of his responsibilities arsenic Chief Operating and Financial Officer.

I privation to explicit my sincere gratitude to our Board of Directors for their support, assurance and this tremendous accidental to pb Vera Bradley into its adjacent section of growth. This enactment modulation reinforces the Board's content successful our existing strategies nether Project Sunshine and validates that we are connected the close way forward. I stay assured that with the close focus, effort and execution we person a tremendous accidental to summation marketplace stock and instrumentality the concern to maturation by reengaging our loyal lawsuit basal portion besides expanding our scope and relevance to caller lawsuit segments. In summation to my assignment to the imperishable CEO spot and Martin's added relation arsenic COO.

Over the past fewer months, we person added caller enactment endowment crossed each cardinal customer-facing functions including merchandising, marketing, integer commerce, wholesale and stores. This was achieved done a operation of caller outer enactment appointments arsenic good arsenic interior promotions of apical talent, demonstrating our committedness to the way of continued advancement successful reinvigorating and reimagining the iconic Vera Bradley brand. I'm besides pleased to study that the 4th fourth marks our archetypal 4th of profitability successful implicit a year. We are stabilizing our concern gaining amended visibility to the underlying maturation and ratio opportunities and opening to marque meaningful advancement connected our translation journey.

Looking to FY '27, we are readying our income to beryllium betwixt $255 cardinal and $270 million. The Board's determination to formalize our enactment operation astatine this pivotal infinitesimal underscores the corporate assurance successful our translation plans and quality to present semipermanent sustainable results. Over the past quarter, we person remained focused connected delivering Project Sunshine which anchors connected reclaiming Vera Bradley's joyful optimism and acts arsenic our North Star, bringing originative vigor to however we enactment wrong functions and crossed the Vera Bradley team. It is starring america to caller ideas for products, selling and channels, transforming however we enactment with each different and encouraging america to deliberation otherwise astir our operations.