By Connor Hart

Vera Bradley withdrew its outlook, in part citing significant uncertainty surrounding the consumer environment, as it posted what it said were disappointing fiscal first-quarter results.

The quilted bags and accessories maker on Wednesday said its loss widened to $33.5 million, or $1.20 a share, for the 13 weeks ended May 3, from a loss of $8.12 million, or 26 cents a share, in the same period last year.

Revenue dropped 24% to $51.7 million.

The recent quarter's results included discontinued operations from the Pura Vida business, after Vera Bradley finalized the sale of the unit on March 31.

Chief Executive Jackie Ardrey said weak top-line and profitability trends from the previous several quarters have continued, resulting in disappointing results in the recent quarter.

"While there is significant work to be done on many fronts in order to return the company's results to a stable and positive growth story, the teams are committed to doing just that," she said.

Also on Wednesday, Very Bradley initiated a search for a new top executive, as Ardrey plans to step down as CEO at the end of July.

Vera Bradley said it also suspended its outlook due to planned leadership changes. It previously guided for an adjusted loss of 15 cents a share and revenue of $280 million in fiscal 2026.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

June 11, 2025 08:26 ET (12:26 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.