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Vera Bradley Announces First Quarter Fiscal Year 2026 Results
Vera Bradley Announces First Quarter Fiscal Year 2026 Results

Yahoo

time11-06-2025

  • Business
  • Yahoo

Vera Bradley Announces First Quarter Fiscal Year 2026 Results

First quarter consolidated net revenues totaled $51.7 million Financial condition remains strong with $86 million in liquidity and no debt FORT WAYNE, Ind., June 11, 2025 (GLOBE NEWSWIRE) -- Vera Bradley, Inc. (Nasdaq: VRA) (the 'Company') today announced its financial results for the first quarter of the fiscal year ending January 31, 2026 ('Fiscal 2026'). First Quarter Comments Jackie Ardrey, Chief Executive Officer commented, 'Our first quarter results were disappointing as top line and profitability trends from the previous several quarters continued. In addition to addressing consumer feedback on product styles and functionality from last summer's relaunch, we remain committed to 'being where she shops' and are working on diversification of our wholesale partnerships. 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.' Summary of Financial Performance for the First Quarter Consolidated net revenues from continuing operations totaled $51.7 million compared to $67.9 million in the prior year first quarter ended May 4, 2024. For the current year first quarter, Vera Bradley, Inc.'s net loss from continuing operations totaled ($18.3) million, or ($0.66) per diluted share. These results included pre-tax charges of $1.0 million of property, plant, & equipment impairment charges; $1.0 for PO cancellation fees; $1.0 million of professional fees associated with the sale of Pura Vida; $0.3 million of inventory write-offs associated with the sale of Pura Vida; $0.7 million of consulting and professional fees associated with strategic initiatives and shareholder matters; $0.3 million of severance charges; and total tax impact of $3.9 million adjusted to reflect the non-GAAP tax impacts. The net-of-tax impact totaled $8.2 million. On a non-GAAP basis, Vera Bradley, Inc.'s first quarter net loss from continuing operations totaled ($10.1) million, or ($0.36) per diluted share. For the prior year first quarter, Vera Bradley, Inc.'s net loss from continuing operations totaled ($7.6) million, or ($0.25) per diluted share. These results included pre-tax charges of $0.7 million for one-time vendor charges, $0.4 million of severance charges, $0.1 million of consulting and professional fees primarily associated with strategic initiatives, and total tax impacts of ($0.2) million associated with the pre-tax items listed above, resulting in a $1.0 million net-of-tax impact. On a non-GAAP basis, Vera Bradley, Inc.'s first quarter net loss from continuing operations totaled ($6.6) million, or ($0.22) per diluted share. On March 11, 2025, the Company entered into an Interest Purchase Agreement (the 'Agreement') to sell one hundred percent (100%) of Creative Genius, Inc., which operates under the name Pura Vida Bracelets. The sale consummated on March 31, 2025. As a result, the operations of Pura Vida have been classified as discontinued operations in the consolidated financial statements. Prior period amounts have been retrospectively adjusted to conform to the current period presentation. Unless otherwise specified, disclosures in this earnings release reflect continuing operations only. Following the sale, Pura Vida is no longer included in the Company's consolidated financial results. First Quarter Details Current year first quarter Vera Bradley Direct segment revenues totaled $43.1 million, a 23.6% decrease from $56.4 million in the prior year first quarter. Comparable sales declined 25.0% in the first quarter, driven by traffic and conversion declines predominantly in our full-line and outlet stores. During the first quarter, the Company also opened two full-line stores and closed two underperforming full-line stores. Vera Bradley Indirect segment revenues totaled $8.6 million, a 25.6% decrease over $11.5 million in the prior year first quarter. The decrease was primarily related to a decline in specialty and key account orders. First quarter gross profit totaled $22.8 million, or 44.1% of net revenues, compared to $34.0 million, or 50.1% of net revenues, in the prior year. On a non-GAAP basis, current year gross profit totaled $24.6 million, or 47.5 % of net revenues, compared to $34.8 million, or 51.3% of net revenues in the prior year. The decrease in consolidated gross profit as a percentage of net revenues in the first quarter resulted from channel shift from brick & mortar stores to online sites (which also contributed to increased outbound freight cost). First quarter consolidated selling, general, and administrative ('SG&A') expense totaled $40.8 million, or 79.0% of net revenues, compared to $45.1 million, or 66.4% of net revenues, in the prior year. On a non-GAAP basis, current year consolidated SG&A expense totaled $38.3 million, or 74.2% of net revenues, compared to $44.7 million, or 65.7% of net revenues, in the prior year. The decrease in non-GAAP SG&A expense resulted from delivery of cost reduction initiatives along with reduced variable costs. The Company's first quarter operating loss from continuing operations totaled ($17.9) million, or (34.6%) of net revenues, compared to ($10.6) million, or (15.6%) of net revenues, in the prior year first quarter. On a non-GAAP basis, the Company's current year operating loss from continuing operations totaled ($13.6) million, or (26.3%) of net revenues, compared to ($9.4) million, or (13.8%) of net revenues, in the prior year. By segment: Vera Bradley Direct operating loss was ($5.5) million, or (12.9%) of Direct net revenues, compared to operating income of $4.0 million, or 7.1% of Direct net revenues, in the prior year. On a non-GAAP basis, Direct operating loss totaled ($2.8) million, or (6.6%) of Direct revenues, compared to $4.9 million, or 8.6% of Direct net revenues, in the prior year. Vera Bradley Indirect operating income was $2.0 million, or 23.1% of Indirect net revenues, compared to $3.8 million, or 33.2% of Indirect net revenues, in the prior year. On a non-GAAP basis, Indirect operating income totaled $2.2 million, or 26.1% of Indirect net revenues, compared to $3.8 million, or 33.2% of Indirect net revenues, in the prior year. Balance Sheet Cash and cash equivalents as of May 3, 2025 totaled $11.3 million compared to $43.8 million at the end of last year's first quarter. The Company had no borrowings on its $75 million asset-based lending ('ABL') facility at quarter end. Total quarter-end inventory was $99.2 million, compared to $101.8 million at the end of last year's first quarter. Net capital spending for the first quarter totaled $1.8 million compared to $0.9 million in the prior year and was driven by timing of new store openings in the current year period compared to prior year. Forward Outlook The Company today announced several executive and Board leadership changes (disclosed via separate press release). Given these changes as well as significant uncertainty surrounding the consumer environment, the Company is suspending its forward guidance to allow the new team time to provide input on future strategic and financial expectations. Disclosure Regarding Non-GAAP Measures Non-GAAP Numbers The current year non-GAAP first quarter income statement numbers referenced below exclude the previously outlined charges for property, plant, & equipment impairment charges; PO cancellation fees; professional fees associated with the sale of Pura Vida; consulting and professional fees associated with strategic initiatives and shareholder matters; severance charges inventory write-offs associated with the sale of Pura Vida; and the income tax effect related to these items. The prior year non-GAAP first quarter income statement numbers referenced below exclude the previously outlined charges for one-time vendor charges, severance charges, consulting and professional fees primarily associated with strategic initiatives, and the income tax effect related to these items. The Company's management does not, nor does it suggest that investors should, consider the supplemental non-GAAP financial measures in isolation from, or as a substitute for, financial information prepared in accordance with accounting principles generally accepted in the United States ('GAAP'). Further, the non-GAAP measures utilized by the Company may be unique to the Company, as they may be different from non-GAAP measures used by other companies. The Company believes that the non-GAAP measures presented in this earnings release, including cash usage; gross profit; selling, general, and administrative expenses; operating loss from continuing operations; net loss from continuing operations; and diluted net loss per share from continuing operations, along with the associated percentages of net revenues, are helpful to investors because they allow for a more direct comparison of the Company's year-over-year performance and are consistent with management's evaluation of business performance. A reconciliation of the non-GAAP measures to the most directly comparable GAAP measures can be found in the Company's supplemental schedules included in this earnings release. Consistent with SEC regulations, the Company has not provided a reconciliation of forward-looking non-GAAP financial measures to the most directly comparable GAAP financial measures in reliance on the "unreasonable efforts" exception set forth in the applicable regulations, because there is substantial uncertainty associated with predicting any future adjustments the Company may make to its GAAP financial measures in calculating non-GAAP financial measures. Call Information A conference call to discuss results for the first quarter is scheduled for today, Wednesday, June 11, 2025, at 9:30 a.m. Eastern Time. A broadcast of the call will be available via Vera Bradley's Investor Relations section of its website, Alternatively, interested parties may dial into the call at (877) 407-0779, and enter the access code 13753733. A replay will be available shortly after the call and through June 25, 2025. To access the recording, listeners should dial (844) 512-2921, and enter the access code 13753733. About Vera Bradley, Inc. Vera Bradley, based in Fort Wayne, Indiana, is a leading designer of women's handbags, luggage and other travel items, fashion and home accessories, and unique gifts. Founded in 1982 by friends Barbara Bradley Baekgaard and Patricia R. Miller, the brand is known for its innovative designs, iconic patterns, and brilliant colors that inspire and connect women unlike any other brand in the global marketplace. The Company has two reportable segments: Vera Bradley Direct ('VB Direct') and Vera Bradley Indirect ('VB Indirect). The VB Direct business consists of sales of Vera Bradley products through Vera Bradley Full-Line and Outlet stores in the United States; Vera Bradley's websites, and and the Vera Bradley annual outlet sale in Fort Wayne, Indiana. The VB Indirect business consists of sales of Vera Bradley products to approximately 1,200 specialty retail locations throughout the United States, as well as select department stores, national accounts, third party e-commerce sites, and third-party inventory liquidators, and royalties recognized through licensing agreements related to the Vera Bradley brand. Website Information We routinely post important information for investors on our website in the "Investor Relations" section. We intend to use this webpage as a means of disclosing material, non-public information and for complying with our disclosure obligations under Regulation FD. Accordingly, investors should monitor the Investor Relations section of our website, in addition to following our press releases, SEC filings, public conference calls, presentations and webcasts. The information contained on, or that may be accessed through, our webpage is not incorporated by reference into, and is not a part of, this document. Investors and other interested parties may also access the Company's most recent Corporate Responsibility and Sustainability Report outlining its ESG (Environmental, Social, and Governance) initiatives at Vera Bradley Safe Harbor Statement Certain statements in this release are "forward-looking statements" made pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements reflect the Company's current expectations or beliefs concerning future events and are subject to various risks and uncertainties that may cause actual results to differ materially from those that we expected, including: possible adverse changes in general economic conditions and their impact on consumer confidence and spending; possible inability to predict and respond in a timely manner to changes in consumer demand; possible loss of key management or design associates or inability to attract and retain the talent required for our business; possible inability to maintain and enhance our brands; possible inability to successfully implement the Company's long-term strategic plan; possible inability to successfully open new stores, close targeted stores, and/or operate current stores as planned; incremental tariffs or adverse changes in the cost of raw materials and labor used to manufacture our products; possible adverse effects resulting from a significant disruption in our distribution facilities; or business disruption caused by pandemics or other macro factors. More information on potential factors that could affect the Company's financial results is included from time to time in the 'Risk Factors' and 'Management's Discussion and Analysis of Financial Condition and Results of Operations' sections of the Company's public reports filed with the SEC, including the Company's Form 10-K for the fiscal year ended February 1, 2025. We undertake no obligation to publicly update or revise any forward-looking statement. Financial schedules are attached to this release. Vera Bradley, Consolidated Balance Sheets(in thousands) (unaudited) May 3,2025 February 1,2025 May 4,2024 Assets Current assets: Cash and cash equivalents $ 11,281 $ 28,628 $ 43,810 Accounts receivable, net 14,588 13,797 14,405 Inventories 99,151 91,430 101,836 Short-term contingent consideration 1,374 — — Income taxes receivable 323 584 3,698 Prepaid expenses and other current assets 8,829 8,072 14,312 Current assets of discontinued operations — 22,361 40,369 Total current assets 135,546 164,872 218,430 Operating right-of-use assets 71,236 74,841 60,539 Property, plant, and equipment, net 51,193 52,555 51,390 Long-term contingent consideration 1,178 — — Deferred income taxes — — 4,866 Other assets 8,787 9,048 5,898 Long-term assets of discontinued operations — 5,374 27,566 Total assets $ 267,940 $ 306,690 $ 368,689 Liabilities and Shareholders' Equity Current liabilities: Accounts payable $ 23,221 $ 17,198 $ 20,339 Accrued employment costs 6,033 6,527 8,133 Short-term operating lease liabilities 18,556 19,024 17,383 Other accrued liabilities 11,634 9,221 11,514 Income taxes payable 59 — — Current liabilities of discontinued operations — 6,023 5,631 Total current liabilities 59,503 57,993 63,000 Long-term operating lease liabilities 62,357 66,307 55,944 Other long-term liabilities 46 47 42 Long-term liabilities of discontinued operations — 3,388 3,787 Total liabilities 121,906 127,735 122,773 Shareholders' equity: Additional paid-in-capital 116,098 115,515 113,038 Retained earnings 186,819 220,279 274,346 Accumulated other comprehensive loss (63 ) (19 ) (64 ) Treasury stock (156,820 ) (156,820 ) (141,404 ) Total shareholders' equity 146,034 178,955 245,916 Total liabilities and shareholders' equity $ 267,940 $ 306,690 $ 368,689 Vera Bradley, Consolidated Statements of Operations(in thousands, except per share amounts) (unaudited) Thirteen Weeks Ended May 3,2025 May 4,2024 Net revenues $ 51,652 $ 67,948 Cost of sales 28,885 33,908 Gross profit 22,767 34,040 Selling, general, and administrative expenses 40,804 45,095 Other income, net 180 438 Operating loss from continuing operations (17,857 ) (10,617 ) Interest income, net 4 470 Loss from continuing operations before income taxes (17,853 ) (10,147 ) Income tax expense (benefit) 407 (2,543 ) Net loss from continuing operations $ (18,260 ) $ (7,604 ) Loss from discontinued operations, net of income tax (15,200 ) (517 ) Net loss $ (33,460 ) $ (8,121 ) Basic weighted-average shares outstanding 27,773 30,660 Diluted weighted-average shares outstanding 27,773 30,660 Basic net loss per share: Continuing operations $ (0.66 ) $ (0.25 ) Discontinued operations $ (0.54 ) $ (0.01 ) Basic net loss per share $ (1.20 ) $ (0.26 ) Diluted net loss per share: Continuing operations $ (0.66 ) $ (0.25 ) Discontinued operations $ (0.54 ) $ (0.01 ) Diluted net loss per share $ (1.20 ) $ (0.26 )Vera Bradley, Consolidated Statements of Cash Flows(in thousands) (unaudited) Thirteen Weeks Ended May 3,2025 May 4,2024 Cash flows from operating activities Net loss $ (33,460 ) $ (8,121 ) Adjustments to reconcile net loss to net cash used in operating activities: Depreciation of property, plant, and equipment 2,188 1,935 Amortization of operating right-of-use assets 5,328 4,689 Impairment charges 1,048 — Amortization of intangible assets — 729 Provision for doubtful accounts — 31 Stock-based compensation 754 804 Deferred income taxes — 409 Loss on sale of business 15,200 — Other non-cash (gain) loss, net 14 14 Changes in assets and liabilities: Accounts receivable (1,405 ) (792 ) Inventories (7,379 ) (6,902 ) Prepaid expenses and other assets (733 ) (3,259 ) Accounts payable 4,314 7,589 Income taxes 320 (4,040 ) Operating lease liabilities, net (6,060 ) (5,736 ) Accrued and other liabilities 1,969 (1,899 ) Net cash used in operating activities (17,902 ) (14,549 ) Cash flows from investing activities Purchases of property, plant, and equipment (1,871 ) (863 ) Proceed from sale of business, net of cash disposed 903 — Net cash used in investing activities (968 ) (863 ) Cash flows from financing activities Tax withholdings for equity compensation (171 ) (356 ) Repurchase of common stock — (6,348 ) Borrowings under asset-based revolving credit agreement (5,000 ) — Repayment of borrowings under asset-based revolving credit agreement 5,000 — Net cash used in financing activities (171 ) (6,704 ) Effect of exchange rate changes on cash and cash equivalents (44 ) 8 Net decrease in cash and cash equivalents $ (19,085 ) $ (22,108 ) Cash and cash equivalents, beginning of period 30,366 77,303 Cash and cash equivalents, end of period $ 11,281 $ 55,195 Vera Bradley, Quarter Fiscal 2026GAAP to Non-GAAP Reconciliation Thirteen Weeks Ended May 3, 2025 (in thousands, except per share amounts) (unaudited) Thirteen Weeks Ended Net loss from continuing operations $ (18,260 ) PPE impairment charges(1) 1,048 PO cancellation fees(2) 986 Professional fees associated with sale of Pura Vida(1) 976 Consulting and professional fees(3) 721 Severance(1) 290 Inventory write-off associated with sale of Pura Vida(2) 250 Income tax adjustments(4) 3,938 Net loss from continuing operations - Non-GAAP (10,051 ) Diluted net loss per share from continuing operations - Non-GAAP $ (0.36 ) (1)Recorded in selling, general, and administrative ("SG&A") expenses (2)Recorded in cost of goods sold (3)$555 recorded in cost of goods sold and $166 recorded in SG&A expenses (4)Adjustment reflects the non-GAAP tax benefit the Company would have recognized based on the application of the statutory tax rate of 26% to the non-GAAP pre-tax income Thirteen Weeks Ended Vera BradleyDirect Vera BradleyIndirect UnallocatedCorporateExpenses Total Operating (loss) income from continuing operations $ (5,536 ) 1,980 $ (14,301 ) $ (17,857 ) PPE Impairment charges 1,048 — — 1,048 PO cancellation fees 847 139 — 986 Professional fees associated with sale of Pura Vida — — 976 976 Consulting and professional fees 584 78 59 721 Severance 15 — 275 290 Inventory write-off associated with sale of Pura Vida 214 36 — 250 Operating (loss) income from continuing operations - Non-GAAP $ (2,828 ) $ 2,233 $ (12,991 ) $ (13,586 ) Vera Bradley, Quarter Fiscal 2025GAAP to Non-GAAP Reconciliation Thirteen Weeks Ended May 4, 2024 (in thousands, except per share amounts) (unaudited) Thirteen Weeks Ended Net loss from continuing operations $ (7,604 ) One-time vendor charges(1) 747 Severance(2) 436 Consulting and professional fees(3) 38 Income tax adjustments(4) (222 ) Net loss from continuing operations - Non-GAAP (6,605 ) Diluted net loss per share from continuing operations - Non-GAAP $ (0.22 ) (1)Recorded in cost of goods sold (2)$383 recorded in selling, general, and administrative expenses and $53 recorded in cost of goods sold (3)Recorded in SG&A expenses (4)Adjusted net loss from continuing operations and adjusted diluted EPS are calculated using a statutory tax rate of 26% Thirteen Weeks Ended Vera Bradley Direct Vera Bradley Indirect Unallocated Corporate Expenses Total Operating (loss) income from continuing operations $ 3,993 3,826 $ (18,436 ) $ (10,617 ) One-time vendor charges 747 — — 747 Severance 135 8 293 436 Consulting and professional fees — — 38 38 Operating (loss) income from continuing operations - Non-GAAP $ 4,875 $ 3,834 $ (18,105 ) $ (9,396 ) CONTACT: CONTACTS: Investors: Tom Filandro, Partner ICR, Inc VeraBradleyIR@ Media: mediacontact@ 877-708-VERA (8372)Sign in to access your portfolio

Waldorf Astoria's First Resort in Costa Rica Just Opened on the Pacific Coast With Multi-level Cascading Pools and Ocean-view Suites
Waldorf Astoria's First Resort in Costa Rica Just Opened on the Pacific Coast With Multi-level Cascading Pools and Ocean-view Suites

Yahoo

time07-06-2025

  • Business
  • Yahoo

Waldorf Astoria's First Resort in Costa Rica Just Opened on the Pacific Coast With Multi-level Cascading Pools and Ocean-view Suites

The hotel's multi-level cascading pools feature various in-water loungers and nooks to recline as you watch the waves roll in from Guanacaste's Playa Penca. The resort's curated coffee program celebrates some of the country's best exports, all sourced from regenerative farms committed to sustainability and fair trade practices. Peacock Alley, a signature Waldorf Astoria bar concept, manifests its latest Costa Rican iteration with indoor-outdoor lounges with a stone firepit and cocktails crafted with local ingredients. A partnership with food producers throughout Guanacaste ensures memorable dining experiences that celebrate the bounty of the land and at Along Costa Rica's Guanacaste coast, herons grazed on flat fields framed by cloud-misted mountains in the backdrop. Pockets of rainforests glowed in hues of green so striking it appeared neon-colored, thanks, in part, to a recent rainstorm. This storybook scenery was a world away from the traffic-filled streets of Los Angeles I had just left, with the blaring of car horns replaced by birdsong. It also easily explains why travelers from around the world chase the spirit of pura vida that permeates Costa Rica. After a short 30-minute drive from Daniel Oduber Quirós International Airport, a hillside incline turned into a downward journey revealing the newly opened Waldorf Astoria Costa Rica Punta Cacique. Situated on Costa Rica's northern Pacific Coast, the resort sits within the Blue Zone of Nicoya Peninsula, celebrated for its high longevity rates. The hotel's debut marks the beginning of a multi-phase project that will include a collection of resorts, residences, and wellness-driven experiences across the expansive 600-acre Punta Cacique development. Hilton's luxury brand has staked its claim among this growing community with a design that finds harmony in its natural surroundings. The terraced resort cascades 300 feet from the top of the peninsula to the beach below. Envisioned by Sordo Madaleno Arquitectos of Mexico City, the earthy brown and rock grey colors and textures throughout the property reflect the seasonal changes of the region. 'The design of the resort flows with the natural curves of the coastline, so guests are constantly surrounded by these breathtaking views—Playa Hermosa on one side and Coco Bay on the other, and those unforgettable sunsets over the Pacific," says Mariella Cabezas, the resort's director of marketing. "The entire guest journey was created to feel effortless and organic, from the moment you step into The Terrace bar to the path that leads down to the beach lounge and sunset rooftop,' The hotel's design also honors the heritage of the Chorotega people, Indigenous to Costa Rica's Guanacaste region. This tribute includes meandering spaces for meditation and spa rituals that incorporate natural elements, such as volcanic clay. I was immediately drawn to the intentional communal spaces that often don't exist in resorts this expansive. Here, a collection of bubbling hot tubs are tastefully placed under budding foliage, a large spa pool claims its own quiet corner away from the buzz, and seating around the multi-level cascading pool is readily available from a number of prized vantage points. 'What I really hope guests take away from their stay is a sense of pura vida—that calm, grounded energy that Costa Rica is known for. Whether it's a morning coffee overlooking the water, a Cacao Ritual at the spa, or simply sitting on your terrace listening to the waves, there's a magic here that invites you to slow down, reconnect, and really savor the moment, with all the warmth and intuitive service you expect from Waldorf Astoria,' Cabezas says. Read on for my review of Waldorf Astoria Costa Rica Punta Cacique. The resort's 148 guest rooms and 40 suites ascend toward the ocean in different tiers on flourishing mountainsides. My one-bedroom suite's prized location offered unobstructed views of Playa Penca and sailboats that parted the turquoise waters as they headed to nearby coves. The open layout living room featured neutral-colored furniture, rattan storage spaces, and wall textures. Pivot doors, expansive terraces, and golden-hued lighting throughout each room created a sense of calm and seamless transition between the interior and the sea just below. Other room categories include Bahia suites with plunge pools and furnished balconies, and the foliage-filled three-bedroom Pacifico Suite, suitable for families seeking expansive indoor-outdoor living. A bi-level Presidential Suite is tucked onto a hillside in the resort's most private area. This two-bedroom option includes an infinity pool, firepit, and furnished rooftop terrace with lush gardens. The ensuite bathroom features dual vanities, an oversized shower, and two freestanding soaking tubs. All six dining concepts pay homage to the bounty of Costa Rica's land and sea. Executive chef Nicolas Piatti sources quality ingredients from across the country to highlight the richness of the terroir and culinary traditions. He works closely with several standout producers, including Finca La Josefina, renowned for its exceptional wagyu beef. The kitchen also incorporates artisanal Chorotega salt into a number of dishes to elevate flavors with the region's natural resources. Guests can enjoy a hearty Costa Rican breakfast of gallo pinto (beans and rice), fried egg, plantains, and grilled steak at the all-day dining restaurant Tico-Tica. At La Finca, coastal cuisine with an emphasis on Pacific seafood takes center stage—a juicy poached lobster in chorizo butter and sesame seed matcha sauce was my favorite dish to tuck into a warm tortilla. I couldn't get enough of a dish called tomotada prepared with heirloom tomatoes bursting with candied, briny, and tart flavors. The dry-aged, grass-fed beef is cooked using time-honored Chorotega harvesting techniques and maize-based ingredients. For lunch, Vida Pool & Grill offers Latin-inspired dishes, such as grilled mahi mahi with rice and sweet plantains. My favorite dish here was a piquant ceviche served with tortilla chips. At Buena Nota Bakery & Coffee Shop, a caffeine boost is anything but ordinary. The sleek café features some of Costa Rica's most prized beans, all cultivated on regenerative plantations committed to sustainability and fair trade practices across eight regions. I didn't let a day pass without sampling options like the bergamot-tinged Geisha Honey or the dark chocolate blend, both from the country's prized Occidental region. Satisfy your sweet tooth at Copo y Cono Ice Cream Shop, and don't skip the strawberry and mascarpone flavor. For a nightcap, get whisked away at the intimate Peacock Alley Bar, where crafted cocktails served in handmade Chorotega pottery are made with ingredients like raw sugarcane, dandelion, corn liquor, and Costa Rican rum. Nature and wildlife immersion abound in Costa Rica. The resort brings guests closer to a number of experiences, including birdwatching in the famed cloud forests, guided treks through heliconias, white-water rafting on the Tenorio River, exploring the Children's Eternal Rainforest, and a luxury experience with thermal pools, waterfalls, golden mud treatments, and walking meditations in the private Sensoria Rainforest Sanctuary. Other more intimate experiences include picnics on the beach or mountainside, with a curated menu of tropical fruit skewers, yucca chips, green mango salad, antipasti, and an assortment of desserts. A highlight of my visit was the Coffee Tasting Experience at Buena Nota Bakery & Coffee Shop, which included bean-to-cup education and brewing techniques by Costa Rica's Barista Champion Ricardo Azofeifa. The experience showcases rare and prized roasts, such as Etiope 47, Milenio, Geisha, Typica, and the signature Chirripó blend. For those seeking deeper immersion, the resort offers a coffee-focused adventure on a private helicopter tour to the Brunca region. Here, guests embark on guided hikes to explore coffee plantations, learn about the intricate art of coffee production, and enjoy a private tasting led by Azofeifa. A variety of tastings are also on offer: rum tastings are held on the Tico-Tica terrace, a beer tasting highlights global and local craft beers, an agave spirits tasting, led by the lively and engaging food and beverage director Ana Martinez, and a wine tasting of Costa Rican and international wines in La Finca's private wine cave. The 17,000-square-foot Spa at Waldorf Astoria Costa Rica Punta Cacique harnesses the healing properties of Chorotega ingredients, including volcanic clay, cacao, Melipona honey, and native botanicals. I experienced the Trapiche Ritual, a deeply restorative treatment that included a raw sugar scrub to exfoliate, a cane honey body wrap to detoxify, and a full body massage. On another day, wellness and fitness supervisor Carlota Brenes led a sound bath meditation on a private gazebo. The echo of the bowls and symphony of wildlife sounds above made it impossible not to slip into a deep, restful slumber. Guests can also enjoy daily open-air yoga, guided meditation sessions, and fitness classes. Activities at the on-site Kids and Teens Clubs include beach walks, cooking classes, bowling, and treasure hunts. A small waterslide tucked into a corner is a fun addition for little ones. During my stay, I found most children swimming in the calm waters of Playa Penca and finding thrill in the howler monkeys that swung in nearby trees. Waldorf Astoria Costa Rica Punta Cacique has five ADA-compliant guest rooms, including three with double beds and two with king-size beds. Sustainability is an integral part of the resort's design and culinary program. A quarter of all food ingredients are sourced locally from Guanacaste farms, coastal waters, and regenerative plantations. The hotel has been recognized with Costa Rica's 'Bandera Azul Ecológica' award for its environmental practices. The living rooftops, native plant landscaping, and detention pond for water runoff all support biodiversity and erosion control, while minimizing environmental impact. Located on the northwestern coast of Guanacaste, Punta Cacique is a secluded cliffside community offering easy access to two neighboring beach towns: Playa Hermosa and Playa del Coco. Head to either and choose from rows of beach bars perched near prized sunset viewpoints. Waldorf Astoria is a Hilton luxury property and therefore part of the Hilton Honors program. For any stay of three nights or more, Waldorf Astoria Costa Rica Punta Cacique offers a 20 percent discount, a $500 resort credit for guest room stays, and a $1,000 resort credit for suite stays. AARP Members save up to 10 percent on the nightly rate. Breakfast is included for every guest. Nightly rates at Waldorf Astoria Costa Rica Punta Cacique start at $1,500. See at Every T+L hotel review is written by an editor or reporter who has stayed at the property, and each hotel selected aligns with our core values. Read the original article on Travel & Leisure

The Waldorf Astoria's Resort in Costa Rica Has Cascading Pools and Rooms with Ocean Views
The Waldorf Astoria's Resort in Costa Rica Has Cascading Pools and Rooms with Ocean Views

Travel + Leisure

time07-06-2025

  • Business
  • Travel + Leisure

The Waldorf Astoria's Resort in Costa Rica Has Cascading Pools and Rooms with Ocean Views

The hotel's multi-level cascading pools feature various in-water loungers and nooks to recline as you watch the waves roll in from Guanacaste's Playa Penca. The resort's curated coffee program celebrates some of the country's best exports, all sourced from regenerative farms committed to sustainability and fair trade practices. Peacock Alley, a signature Waldorf Astoria bar concept, manifests its latest Costa Rican iteration with indoor-outdoor lounges with a stone firepit and cocktails crafted with local ingredients. A partnership with food producers throughout Guanacaste ensures memorable dining experiences that celebrate the bounty of the land and sea. Along Costa Rica's Guanacaste coast, herons grazed on flat fields framed by cloud-misted mountains in the backdrop. Pockets of rainforests glowed in hues of green so striking it appeared neon-colored, thanks, in part, to a recent rainstorm. This storybook scenery was a world away from the traffic-filled streets of Los Angeles I had just left, with the blaring of car horns replaced by birdsong. It also easily explains why travelers from around the world chase the spirit of pura vida that permeates Costa Rica. After a short 30-minute drive from Daniel Oduber Quirós International Airport, a hillside incline turned into a downward journey revealing the newly opened Waldorf Astoria Costa Rica Punta Cacique. Situated on Costa Rica's northern Pacific Coast, the resort sits within the Blue Zone of Nicoya Peninsula, celebrated for its high longevity rates. The hotel's debut marks the beginning of a multi-phase project that will include a collection of resorts, residences, and wellness-driven experiences across the expansive 600-acre Punta Cacique development. Hilton's luxury brand has staked its claim among this growing community with a design that finds harmony in its natural surroundings. The terraced resort cascades 300 feet from the top of the peninsula to the beach below. Envisioned by Sordo Madaleno Arquitectos of Mexico City, the earthy brown and rock grey colors and textures throughout the property reflect the seasonal changes of the region. 'The design of the resort flows with the natural curves of the coastline, so guests are constantly surrounded by these breathtaking views—Playa Hermosa on one side and Coco Bay on the other, and those unforgettable sunsets over the Pacific," says Mariella Cabezas, the resort's director of marketing. "The entire guest journey was created to feel effortless and organic, from the moment you step into The Terrace bar to the path that leads down to the beach lounge and sunset rooftop,' The hotel's design also honors the heritage of the Chorotega people, Indigenous to Costa Rica's Guanacaste region. This tribute includes meandering spaces for meditation and spa rituals that incorporate natural elements, such as volcanic clay. I was immediately drawn to the intentional communal spaces that often don't exist in resorts this expansive. Here, a collection of bubbling hot tubs are tastefully placed under budding foliage, a large spa pool claims its own quiet corner away from the buzz, and seating around the multi-level cascading pool is readily available from a number of prized vantage points. 'What I really hope guests take away from their stay is a sense of pura vida —that calm, grounded energy that Costa Rica is known for. Whether it's a morning coffee overlooking the water, a Cacao Ritual at the spa, or simply sitting on your terrace listening to the waves, there's a magic here that invites you to slow down, reconnect, and really savor the moment, with all the warmth and intuitive service you expect from Waldorf Astoria,' Cabezas says. Read on for my review of Waldorf Astoria Costa Rica Punta Cacique. The resort's 148 guest rooms and 40 suites ascend toward the ocean in different tiers on flourishing mountainsides. My one-bedroom suite's prized location offered unobstructed views of Playa Penca and sailboats that parted the turquoise waters as they headed to nearby coves. The open layout living room featured neutral-colored furniture, rattan storage spaces, and wall textures. Pivot doors, expansive terraces, and golden-hued lighting throughout each room created a sense of calm and seamless transition between the interior and the sea just below. Other room categories include Bahia suites with plunge pools and furnished balconies, and the foliage-filled three-bedroom Pacifico Suite, suitable for families seeking expansive indoor-outdoor living. A bi-level Presidential Suite is tucked onto a hillside in the resort's most private area. This two-bedroom option includes an infinity pool, firepit, and furnished rooftop terrace with lush gardens. The ensuite bathroom features dual vanities, an oversized shower, and two freestanding soaking tubs. La Finca, the resort's signature restaurant, offers authentic Costa Rican cuisine. Waldorf Astoria Punta Cacique All six dining concepts pay homage to the bounty of Costa Rica's land and sea. Executive chef Nicolas Piatti sources quality ingredients from across the country to highlight the richness of the terroir and culinary traditions. He works closely with several standout producers, including Finca La Josefina, renowned for its exceptional wagyu beef. The kitchen also incorporates artisanal Chorotega salt into a number of dishes to elevate flavors with the region's natural resources. Guests can enjoy a hearty Costa Rican breakfast of gallo pinto (beans and rice), fried egg, plantains, and grilled steak at the all-day dining restaurant Tico-Tica. At La Finca, coastal cuisine with an emphasis on Pacific seafood takes center stage—a juicy poached lobster in chorizo butter and sesame seed matcha sauce was my favorite dish to tuck into a warm tortilla. I couldn't get enough of a dish called tomotada prepared with heirloom tomatoes bursting with candied, briny, and tart flavors. The dry-aged, grass-fed beef is cooked using time-honored Chorotega harvesting techniques and maize-based ingredients. For lunch, Vida Pool & Grill offers Latin-inspired dishes, such as grilled mahi mahi with rice and sweet plantains. My favorite dish here was a piquant ceviche served with tortilla chips. Enjoy cocktails and small bites at Peacock Alley. Waldorf Astoria Punta Cacique At Buena Nota Bakery & Coffee Shop, a caffeine boost is anything but ordinary. The sleek café features some of Costa Rica's most prized beans, all cultivated on regenerative plantations committed to sustainability and fair trade practices across eight regions. I didn't let a day pass without sampling options like the bergamot-tinged Geisha Honey or the dark chocolate blend, both from the country's prized Occidental region. Satisfy your sweet tooth at Copo y Cono Ice Cream Shop, and don't skip the strawberry and mascarpone flavor. For a nightcap, get whisked away at the intimate Peacock Alley Bar, where crafted cocktails served in handmade Chorotega pottery are made with ingredients like raw sugarcane, dandelion, corn liquor, and Costa Rican rum. The pool area at Waldorf Astoria Costa Rica Punta Cacique. Waldorf Astoria Punta Cacique Nature and wildlife immersion abound in Costa Rica. The resort brings guests closer to a number of experiences, including birdwatching in the famed cloud forests, guided treks through heliconias, white-water rafting on the Tenorio River, exploring the Children's Eternal Rainforest, and a luxury experience with thermal pools, waterfalls, golden mud treatments, and walking meditations in the private Sensoria Rainforest Sanctuary. Other more intimate experiences include picnics on the beach or mountainside, with a curated menu of tropical fruit skewers, yucca chips, green mango salad, antipasti, and an assortment of desserts. A highlight of my visit was the Coffee Tasting Experience at Buena Nota Bakery & Coffee Shop, which included bean-to-cup education and brewing techniques by Costa Rica's Barista Champion Ricardo Azofeifa. The experience showcases rare and prized roasts, such as Etiope 47, Milenio, Geisha, Typica, and the signature Chirripó blend. For those seeking deeper immersion, the resort offers a coffee-focused adventure on a private helicopter tour to the Brunca region. Here, guests embark on guided hikes to explore coffee plantations, learn about the intricate art of coffee production, and enjoy a private tasting led by Azofeifa. A variety of tastings are also on offer: rum tastings are held on the Tico-Tica terrace, a beer tasting highlights global and local craft beers, an agave spirits tasting, led by the lively and engaging food and beverage director Ana Martinez, and a wine tasting of Costa Rican and international wines in La Finca's private wine cave. The 17,000-square-foot Spa at Waldorf Astoria Costa Rica Punta Cacique harnesses the healing properties of Chorotega ingredients, including volcanic clay, cacao, Melipona honey, and native botanicals. I experienced the Trapiche Ritual, a deeply restorative treatment that included a raw sugar scrub to exfoliate, a cane honey body wrap to detoxify, and a full body massage. On another day, wellness and fitness supervisor Carlota Brenes led a sound bath meditation on a private gazebo. The echo of the bowls and symphony of wildlife sounds above made it impossible not to slip into a deep, restful slumber. Guests can also enjoy daily open-air yoga, guided meditation sessions, and fitness classes. Activities at the on-site Kids and Teens Clubs include beach walks, cooking classes, bowling, and treasure hunts. A small waterslide tucked into a corner is a fun addition for little ones. During my stay, I found most children swimming in the calm waters of Playa Penca and finding thrill in the howler monkeys that swung in nearby trees. Waldorf Astoria Costa Rica Punta Cacique has five ADA-compliant guest rooms, including three with double beds and two with king-size beds. Sustainability is an integral part of the resort's design and culinary program. A quarter of all food ingredients are sourced locally from Guanacaste farms, coastal waters, and regenerative plantations. The hotel has been recognized with Costa Rica's 'Bandera Azul Ecológica' award for its environmental practices. The living rooftops, native plant landscaping, and detention pond for water runoff all support biodiversity and erosion control, while minimizing environmental impact. Located on the northwestern coast of Guanacaste, Punta Cacique is a secluded cliffside community offering easy access to two neighboring beach towns: Playa Hermosa and Playa del Coco. Head to either and choose from rows of beach bars perched near prized sunset viewpoints. Waldorf Astoria is a Hilton luxury property and therefore part of the Hilton Honors program. For any stay of three nights or more, Waldorf Astoria Costa Rica Punta Cacique offers a 20 percent discount, a $500 resort credit for guest room stays, and a $1,000 resort credit for suite stays. AARP Members save up to 10 percent on the nightly rate. Breakfast is included for every guest. Nightly rates at Waldorf Astoria Costa Rica Punta Cacique start at $1,500. Every T+L hotel review is written by an editor or reporter who has stayed at the property, and each hotel selected aligns with our core values.

A Costa Rican Surf Gem With Waves That Sort Out A Crowd
A Costa Rican Surf Gem With Waves That Sort Out A Crowd

Yahoo

time04-06-2025

  • Lifestyle
  • Yahoo

A Costa Rican Surf Gem With Waves That Sort Out A Crowd

The drive from the airport started with cash and ended in a thunderstorm. It was a two-plus-hour trip from Liberia to Nosara, a coastal town in Costa Rica's Guanacaste province. So I settled in and got to know my driver, Jonathan, who became quite animated while educating me on his favorite local foods. Gallo pinto, casado, chifrijo and ceviche, he explained it all with a smile as he wheeled his Chevy SUV down the narrow and uneven roads as only a born and raised Tico can. With my stomach only holding one airport sandwich over the last 12 hours, his descriptions slowly killed me. Later in the drive, Jonathan pointed out a classic motif of Costa Rican towns: a school, soccer field and church all next to each other, almost without fail. A kind of building trinity. Where there is one, there are two others. By the end of our journey, however, one thing was on my mind — the storm. It arrived in earnest when we were a few kilometers out from Nosara. Lightning splattered the sky and thunder pressed on eardrums like cannonfire. The streets had nearly flooded by the time I arrived at my destination, the Gilded Iguana Surf Hotel. I've done the dirtbag thing. Slept in a car at an Australian beach, tucked into a sleeping bag on Baja sand, and couch surfed on pillows of varying degrees of softness for waves in Hawaii. But this trip was something different. A chance to try accommodations further up the luxury spectrum. One with a pool, a bar, spa, cold plunges, yoga classes, a smiling staff and clean sheets. And of course, warm waves. No doubt about it, Nosara is busy and getting busier. Housing and groceries and fuel are getting more expensive for visitors and locals alike. Many places will charge American prices. But it's still cheaper than going out in Los Angeles. Here, with the jungle assaulting your senses and dripping Pura Vida, it's easy to understand why people can't get enough of this place. According to the last census here in 2011, Nosara had 5,000 residents, but I'm told it's likely double that now. When it comes to traveling for waves, some surfers seek cultural immersion, others just want to maximize wave count. Ideally, neither route should harm or displace the local community, which is what longtime residents of Pavones are fighting against right now. Compared to other tourist hotspots in Costa Rica, Nosara appears to be relatively frugal in limiting rampant development. I heard one Gilded Iguana guest tell another he'd been coming to Nosara for a decade, and though the town has grown a lot, it's still tucked away enough to have some distinct character. It's not Santa Teresa or Tamarindo. There are no buildings on the beach, as a lush nature preserve the length of Playa Guiones buffers the town from the sand. You're more likely to find crew doing yoga or surfing in the morning than binge drinking at night. There are numerous shops and markets concentrated in certain areas, but most of the roads remain unpaved. Take an ATV or bike tour into the countryside and you'll be slapped silly with the amount of wild, green land. 'I think it's a mix of people who have helped develop the town and creating a lot of opportunities to work,' said Adrain Suarez, a skilled surfer who since 2012 had run a killer locally owned surf shop and guiding business at Agua Tibia Surf School, right in the middle of Playa Guiones. 'There's coexistence. A lot of people know each other. It's a small community.' Like much of Costa Rica, Nosara has a bounty of multi-million-dollar homes and luxury hotels. But there are still pockets of difference. Adrian runs a great hostel, Hostel Nosara, one of the few left in town, right next to his surf shop. As a surfer looking for adventure and convenience to fall back on, Nosara has all that. Is it watered down? From the rough and tumble days, certainly. But it still tastes just are a couple of options for waves in Nosara, but the most convenient is Playa Guiones, the sprawling four-mile-long beach exposed to swells from the north, west and south. Waves of varying quality break here year-round. During the week I stayed there in late May, I saw south swells that made the center and north side more consistent than the southern end. Mornings are the window score before the onshore wind picks up, but there are sometimes evening glassoffs. One day at Guiones, I met an American expat living in Nosara named Mark, who loved the wave's consistency and the town's culture. He told me that he embraced yoga for the first time when he moved to Nosara, and his surfing, which he'd been actively doing for 40 years, has noticeably improved as a result. He's retired and surfs every day, sometimes twice a day. 'You look this place up online and you'll read it's one of the most consistent waves in the world,' said Mark, his facial expression acknowledging how ridiculous that sounds. 'It's like, come on. But actually being here looking at it, it's pretty damn consistent. It's not always good, but it's consistent.' Due to the ample wiggle room available at Guiones, the lineup is remarkably laid-back. As long as you're not a knucklehead and smile at the locals, you'll get waves. Sets break far out and reform into the whitewater on the inside, where the beginners and instructors usually sit. The smaller the swell, the more crowded it gets. I found that if you wait out the morning commute and the waves get bigger, the crowd will be halved, easily. The Gilded Iguana's Surf Club, a small facility a short stroll from Guiones, has everything for a casual day at the beach or a shoulder-burning surf session. A friendly staff, lessons, lockers, showers, towels, board storage, bathroom, sunscreen, wax, and even a juice bar. It's open to the public, too, not just hotel guests. To get full access, you buy a membership or a pass for a single day, a week, a month, or year. They say don't judge a book by its cover, but it's fair game to judge a surf biz by the quality of its rental boards. And the Gilded Iguana's quiver is legit. By my rough count, there are at least 150 boards available: Large soft tops, Donald Takayama longboards, hefty mid-lengths and slim, pointy thrusters. There are quite a few of the latter, as Channel Islands Surfboards is a club sponsor. You can bring and store your quiver at the club, but it's hard to beat the variety on hand. While they're not my usual flavor, I found that midlengths between 6'6' and 7' worked great at shoulder high to overhead Guiones. The boards are big enough to save your shoulders as you hunt roaming peaks and small enough to put on rail. The current isn't bad at all, but it's the kind of place that tends to send a left onto your head as you wait for a right. The bigger waves are more sloping than steep, so foam is your friend here. If you're on a shortboard, prepare for a lot of paddling and scrambling to get into position. For the first two days I was in Nosara, lingering storm energy rendered Guiones unridable. The long-period energy sent waves everywhere with frenetic energy. But it calmed down eventually, and I found glassy peaks in bathtub-warm water. In the subsequent days, the swell went from overhead to chest high, but it broke consistently despite 8-foot tide swings. A Surf Club staffer named Josue frequently overlapped with me in the water before his shifts. With him being goofy and me being regular, we often split peaks. He was so jovial and eager to tell me which part of the beach looked best on the given day. Adrian was the same way. Standing in front of Agua Tibia, he eagerly explained how swell and sand flow from the rivers could turn Guiones from quick teepees to reeling lefts and rights. Hard to predict, but sublime when you find it. It's not a perfect wave, and you do have to work for it. If Guinoes isn't your thing, ask the locals about points in Playa Pelada and Ostional to the north and Playa Garza to the south. 'The wave is so welcoming to beginners,' Adrian said of Guiones. 'The flat sand bottom is unique. It's maybe one of the only waves in the area you can surf on high and low tide. There's Ostional, but it's sucky barrels. You gotta be a pro to get up there.' No way around it, the Gilded Iguana is a very nice place that caters to surfers and non-surfers alike. It opened in 1986 with a handful of rooms and is one of the oldest hotels in Nosara. Ownership has changed several times since, and it was fully remodeled in 2017. Today in the open-air restaurant, Nathan Florence's Slab Tour plays on TV screens while children run around in the yard and sunburned tourists suck down cocktails. It's quite the property, but it doesn't look like other large monoliths I've seen in Costa Rica. It's tasteful with the barest hint of grit. During the rainy season, the power goes out almost nightly during dinner if there's a storm (They have a backup generator, so it comes on quickly). Still, eating shrimp and sipping an Imperial in the dark does feel kind of adventurous. It's pricey ($250 per night in the low season for a two-bed room), and has the Rolodex of eco-tourism features that Costa Rica is well-known for. Yoga sessions, a restaurant, a pool (plus a bar), and spacious rooms. It leans family-friendly, and kids of all ages can be seen around the 29-room property. They'll even babysit kids for $35 a day. There's a reason Rob Kelly brings his family from New Jersey to "our new favorite spot in Costa Rica." While I can't speak for Nosara's other hotels, I can vouch for the Gilded Iguana staff. I found them helpful and as courteous as can be. Whatever your interests, they go out of their way to make it happen. Their massages, in particular, were a real treat. As someone who surfs too much and stretches not at all, it was a revelation. The masseuse wrung tension out like water from a towel. She worked through knots like a seasoned sailor, but considerably more soothing. Of course, the food is bountiful. The hotel restaurant is stocked, as are the surrounding businesses. Chase the meal with an Imperial or a cocktail. In Nosara, you can order both.A Costa Rican Surf Gem With Waves That Sort Out A Crowd first appeared on Surfer on Jun 3, 2025

Vera Bradley, Inc. Announces Reporting Date for First Quarter Fiscal Year 2026 Results
Vera Bradley, Inc. Announces Reporting Date for First Quarter Fiscal Year 2026 Results

Yahoo

time28-05-2025

  • Business
  • Yahoo

Vera Bradley, Inc. Announces Reporting Date for First Quarter Fiscal Year 2026 Results

FORT WAYNE, Ind., May 28, 2025 (GLOBE NEWSWIRE) -- Vera Bradley, Inc. (Nasdaq: VRA) (the 'Company') today announced that it plans to report results for the first quarter ending May 3, 2025 of fiscal year 2026 (fiscal year ending January 31, 2026) at 8:00 a.m. Eastern Time on Wednesday, June 11, 2025. The Company will host a conference call to discuss its financial results at 9:30 a.m. Eastern Time that same day. A live webcast of the conference call will be available on the Investor Relations section of the Company's website, Alternatively, interested parties may dial into the call at (877) 407-0779. A replay will be available shortly after the conclusion of the call and remain available through June 25, 2025. To access the recording, listeners should dial (844) 512-2921, and enter the access code 13753733. ABOUT VERA BRADLEY, INC. Vera Bradley, Inc. operates two unique lifestyle brands – Vera Bradley and Pura Vida. Vera Bradley and Pura Vida are complementary businesses, both with devoted, emotionally-connected, and multi-generational female customer bases; alignment as casual, comfortable, affordable, and fun brands; positioning as 'gifting' and socially-connected brands; strong, entrepreneurial cultures; a keen focus on community, charity, and social consciousness; multi-channel distribution strategies; and talented leadership teams aligned and committed to the long-term success of their Bradley, based in Fort Wayne, Indiana, is a leading designer of women's handbags, luggage and other travel items, fashion and home accessories, and unique gifts. Founded in 1982 by friends Barbara Bradley Baekgaard and Patricia R. Miller, the brand is known for its innovative designs, iconic patterns, and brilliant colors that inspire and connect women unlike any other brand in the global Vida, based in La Jolla, California, is a digitally native, highly-engaging lifestyle brand with a differentiated and expanding offering of bracelets, jewelry, and other lifestyle Company has three reportable segments: Vera Bradley Direct ('VB Direct'), Vera Bradley Indirect ('VB Indirect'), and Pura Vida. The VB Direct business consists of sales of Vera Bradley products through Vera Bradley Full-Line and Outlet stores in the United States; Vera Bradley's websites, and and the Vera Bradley annual outlet sale in Fort Wayne, Indiana. The VB Indirect business consists of sales of Vera Bradley products to approximately 1,200 specialty retail locations throughout the United States, as well as select department stores, national accounts, third party e-commerce sites, and third-party inventory liquidators, and royalties recognized through licensing agreements related to the Vera Bradley brand. The Pura Vida segment consists of sales of Pura Vida products through the Pura Vida website, through the distribution of its products to wholesale retailers and department stores; and through its Pura Vida retail stores. CONTACT: CONTACTS: Investors: Tom Filandro, Partner ICR, Inc. VeraBradleyIR@ Media: 877-708-VERA (8372) Mediacontact@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

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