BUZZ-Vera Bradley falls on lowered annual forecasts, Q2 sales miss
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Shares of handbag designer Vera Bradleyslides ~13% to $4.35 premarketCo cuts fiscal 2025 forecasts after Q2 wholesale revenue declines on choppy demand and cautious outlook from wholesale partnersVRA now expects annual consolidated net revenue of about $410 mln vs previous forecast range of $460 mln to $480 mlnExpects annual diluted earnings per share of about 10 cents vs prior view of 54 cents to 62 centsVRA also misses Q2 sales estimates, owing to weaker demand from inflation-weary customersUp to previous close, stock was down ~35% YTD
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