Vera Bradley

Q1 FY2027 EarningsQ1 FY27 revenue grew 7.8% YoY to $55.7M, marking the first quarter of growth since FY22. Non-GAAP gross margin expanded 430bps to 51.8%, while non-GAAP SG&A expenses fell 14.6% YoY due to cost optimization. Consequently, non-GAAP operating loss improved by 76.1% to ($3.3)M, and non-GAAP diluted loss per share narrowed to ($0.09) from ($0.36). Inventory was reduced by 26% YoY to $73.0M, the leanest Q1 position since FY11.