Vera Bradley reported its first quarter of year-over-year revenue growth since fiscal 2022, as the accessories brand said its ongoing turnaround strategy is beginning to show results.
The Indiana-based accessories brand posted first-quarter fiscal 2027 revenue of $55.7 million, up 7.8% from $51.7 million a year earlier. Net loss from continuing operations narrowed to $4.8 million, or $0.17 per diluted share, compared with a loss of $18.3 million, or $0.66 per diluted share, in the prior-year quarter. On an adjusted basis, the company reported a loss of $2.5 million, or $0.09 per diluted share, versus a loss of $10.1 million, or $0.36 per diluted share, a year earlier.
Direct-to-consumer revenue rose 4.1% to $44.9 million, while comparable sales increased 13.4%, driven by stronger e-commerce conversion, higher average ticket, and improved traffic at outlet and full-line stores. Wholesale and indirect revenue climbed 26.6% to $10.8 million, helped by stronger performance in specialty and department stores and continued growth with key wholesale accounts.
“I’m pleased to report that our first quarter results demonstrate continued momentum in our Project Sunshine transformation to reclaim Vera Bradley’s joyful optimism while building operational excellence,” said Ian Bickley, chief executive officer of Vera Bradley.
“We achieved our first quarter of overall revenue growth since Q4 FY22, marking an important inflection point in our turnaround. This achievement reflects the cumulative impact of our strategic initiatives and the hard work and commitment of our entire team.”
Looking ahead, Vera Bradley maintained its fiscal 2027 revenue guidance of $255 million to $270 million but raised its profitability outlook. The company now expects adjusted operating loss improvement of at least 50% year over year, compared with prior guidance for a 40% improvement.
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