revenue $55.7M, net income -$4.8M. Vera Bradley Q1 turnaround: revenue +7.8%, margin +770bps, loss narrows 74%; dispute over Creative Genius sale

Filed June 11, 2026 · Period ending May 2, 2026 · Compared to 10-Q Jun 11, 2025 · ~2 min read

Key Changes

• high

  Operating loss narrowed from $17.9M to $4.6M (74% improvement) as revenue grew 7.8% and gross margin expanded 770 basis points to 51.8%, driven by favorable sales mix and lower freight costs.

  MD&A: Operating Results verify on EDGAR →
• high

  Comparable sales reversed from -25% decline to +13.4% growth, with stores up 11.6% and e-commerce up 15.5%, attributed to improved conversion, higher ticket prices, and increased outlet traffic.

  MD&A: Revenue Analysis verify on EDGAR →
• high

  New $4.6M legal dispute with Creative Genius buyer over working capital adjustments; company filed Delaware Chancery action seeking declaratory judgment and moved for summary judgment.

  Legal Proceedings verify on EDGAR →