The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Joe Gomes - NOBLE Capital Markets, Inc. - Analyst
: Good morning. So just Jackie, you talked about a lot of changes coming on both of the brands in calendar year 2024. You've been there for 18
months. Michael, you've been there for about a year. You've talked about Project Restoration for roughly years.
Is it the challenge of turning around that, just that much bigger than you originally anticipated? Or is there just things that are occurring that it's
taking you a long -- relatively long period of time to get your hands around it in order to come up with the changes here that you've outlined
today?
Question: Joe Gomes - NOBLE Capital Markets, Inc. - Analyst
: Okay. Thanks for that, appreciate that. In the comments today, you talked about improving the quality of the fabrics with unchanged retail price.
Does that have any margin impact, or it's got to the point where margins that won't impact margins by improving the quality of your fabrics, but
maintaining price?
REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us
consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies.
MARCH 13, 2024 / 1:30PM, VRA.OQ - Q4 2024 Vera Bradley Inc Earnings Call
Question: Joe Gomes - NOBLE Capital Markets, Inc. - Analyst
: Okay, thank you. And you also talked about the new full line format with a focus on lifestyle centers. And I was wondering if you could just kind of
give us what you meant by that or what you mean by that?
Question: Joe Gomes - NOBLE Capital Markets, Inc. - Analyst
: Okay. One more, if I may? So fiscal '25 is based on your guidance today, kind of going to be a replay of '24 from a financial point of view. And I was
just wondering what do you think or what do you see could occur that might make '25 a better? I'll come up from a financial point of view, then
'24?
Question: Joe Gomes - NOBLE Capital Markets, Inc. - Analyst
: Great. I appreciate you guys taking my questions and look forward to an interesting 2025.
REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us
consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies.
MARCH 13, 2024 / 1:30PM, VRA.OQ - Q4 2024 Vera Bradley Inc Earnings Call
Question: Eric Beder - Small Cap Consumer Research, LLC - Analyst
: Good morning.
Question: Eric Beder - Small Cap Consumer Research, LLC - Analyst
: You've made tremendous progress in terms of reducing inventory levels. I gather from what I'm hearing in your guide that's going to start to level
off? How should we be thinking about the inventories going forward?
Question: Eric Beder - Small Cap Consumer Research, LLC - Analyst
: Okay. You talked about looking at the -- while you're adding stores is also talked about looking at the composition of the stores you have, what do
you have in terms of lease expirations and flexibility to do that now and going forward?
Question: Eric Beder - Small Cap Consumer Research, LLC - Analyst
: Great. Is the goal to have the refreshes done at the start of New Day, or is that going to be an ongoing process? How we should be thinking about
that?
Question: Eric Beder - Small Cap Consumer Research, LLC - Analyst
: Okay. And when we look at -- you've kind of hinted around this. What should we be thinking in terms of the categories that are going to be in the
stores? Are we going to see less categories and a deeper focus? I think you've kind of implied that, but I'd like to get kind of a conferment beyond
travel, what are the key core categories that you want to be in?
Question: Eric Beder - Small Cap Consumer Research, LLC - Analyst
: Okay. And last one on Pura Vida. So you mentioned opening some more stores in Pura Vida. Obviously, the sales have been tough. Are you still
seeing this strong results in the stores that you have opened, the mix and I guess the surrounding areas to justify more stores and what would be
different on the stores you're opening now and the ones who did the first two or three?
Question: Eric Beder - Small Cap Consumer Research, LLC - Analyst
: Okay. Bye guys, look forward to seeing this on July. Thank you.
| 
