Vera Bradley sees FY25 consolidated diluted EPS (25c) vs. 55c last year

For Fiscal 2025, the Company’s expectations are as follows: Consolidated net revenues of approximately $385 million. Net revenues totaled $470.8 million in Fiscal 2024, including the estimated impact of a 53rd week of $6.0 million. Consolidated gross profit percentage of approximately 52.5% compared to 54.5% in Fiscal 2024. The fiscal 2025 gross profit rate change is due to product margin improvements and lower supply chain costs, offset by increased shipping costs, increased promotional cadence in our direct segments, and increased liquidation sales. Consolidated SG&A expense of approximately $213 million compared to $234.7 million in Fiscal 2024. Year-over-year SG&A expense reductions are anticipated to come from decreased variable costs along with continued structural cost reductions. Consolidated operating loss of approximately (9) million compared to operating income of $22.6 million in Fiscal 2024. Consolidated diluted EPS of approximately ($0.25) based on diluted weighted-average shares outstanding of 29.7 million and an effective tax rate of approximately 8%. Diluted EPS totaled $0.55 last year, including the estimated impact of a 53rd week of $0.01. Net capital spending of approximately $13 million compared to $3.8 million in the prior year, reflecting investments associated with new and remodeled stores as well as technology and logistics enhancements. End of year cash balance of approximately $35 million.