BUZZ-Vera Bradley falls on lowered annual forecasts, Q2 sales miss

Reuters09-11

** Shares of handbag designer Vera Bradley slides ~13% to $4.35 premarket

** Co cuts fiscal 2025 forecasts after Q2 wholesale revenue declines on choppy demand and cautious outlook from wholesale partners

** VRA now expects annual consolidated net revenue of about $410 mln vs previous forecast range of $460 mln to $480 mln

** Expects annual diluted earnings per share of about 10 cents vs prior view of 54 cents to 62 cents

** VRA also misses Q2 sales estimates, owing to weaker demand from inflation-weary customers

** Up to previous close, stock was down ~35% YTD

(Reporting by Anuja Bharat Mistry in Bengaluru; Editing by Shreya Biswas)

((AnujaBharat.Mistry@thomsonreuters.com))

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