Vera Bradley, Inc. (NASDAQ:VRA) Q2 2024 Earnings Call Transcript

Jacqueline Ardrey: That’s a great question. So as I remarked earlier today, we do have — we were able to affect some of the product lines that you’ll start to see mostly in full-line, but at a fairly minimal level this fall. So you’ll see the introduction of leather, you’ll see some more solid, maybe not quite as much in outlet. But you’ll see a gradual shift over the next couple of months until mid-next year when really the culmination of all of our efforts and our supply chain time line, catches up to what we ultimately think is our go-forward result of Project Restoration.

Eric Beder: Great. Good luck for the holiday season.

Jacqueline Ardrey: Thanks, Eric.

Operator: This concludes today’s question-and-answer session. We’ll now turn the floor to Jackie Ardrey for any additional or closing remarks.

Jacqueline Ardrey: Before I close, I would like to thank all of our associates once again for their collaboration and support of Project Restoration, for being resourceful and innovative and for embracing the mindset of diligent expense management. This year by focusing on stabilizing sales, expanding gross margin and controlling expenses, we believe we can, at a minimum, nearly double year-over-year operating income and more than double EPS. We are excited about the opportunities for both brands. We are also committed to returning both of our brands to profitable growth and generating strong cash flow through Project Restoration. This should deliver value to our shareholders over the long-term. Thank you for joining us today, and we look forward to sharing our progress with you on our third quarter call on December 6.

Operator: This concludes today’s teleconference. We thank you for your participation. You may disconnect your lines at any time.