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Vera Bradley (Vera Bradley) Gross Margin %

: 52.26% (As of Jan. 2024)
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Gross Margin % is calculated as gross profit divided by its revenue. Vera Bradley's Gross Profit for the three months ended in Jan. 2024 was $69.6 Mil. Vera Bradley's Revenue for the three months ended in Jan. 2024 was $133.3 Mil. Therefore, Vera Bradley's Gross Margin % for the quarter that ended in Jan. 2024 was 52.26%.

Warning Sign:

Vera Bradley Inc gross margin has been in long-term decline. The average rate of decline per year is -2.1%.


The historical rank and industry rank for Vera Bradley's Gross Margin % or its related term are showing as below:

VRA' s Gross Margin % Range Over the Past 10 Years
Min: 47.79   Med: 55.38   Max: 57.34
Current: 54.47


During the past 13 years, the highest Gross Margin % of Vera Bradley was 57.34%. The lowest was 47.79%. And the median was 55.38%.

VRA's Gross Margin % is ranked better than
85.45% of 1031 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 25.15 vs VRA: 54.47

Vera Bradley had a gross margin of 52.26% for the quarter that ended in Jan. 2024 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Vera Bradley was -2.10% per year.


Vera Bradley Gross Margin % Historical Data

The historical data trend for Vera Bradley's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Vera Bradley Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Gross Margin %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 54.89 56.70 53.28 47.79 54.46

Vera Bradley Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
Gross Margin % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 40.82 54.84 56.19 54.79 52.26

Competitive Comparison

For the Footwear & Accessories subindustry, Vera Bradley's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Vera Bradley Gross Margin % Distribution

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Vera Bradley's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Vera Bradley's Gross Margin % falls into.



Vera Bradley Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Vera Bradley's Gross Margin for the fiscal year that ended in Jan. 2024 is calculated as

Gross Margin % (A: Jan. 2024 )=Gross Profit (A: Jan. 2024 ) / Revenue (A: Jan. 2024 )
=256.4 / 470.786
=(Revenue - Cost of Goods Sold) / Revenue
=(470.786 - 214.373) / 470.786
=54.46 %

Vera Bradley's Gross Margin for the quarter that ended in Jan. 2024 is calculated as


Gross Margin % (Q: Jan. 2024 )=Gross Profit (Q: Jan. 2024 ) / Revenue (Q: Jan. 2024 )
=69.6 / 133.265
=(Revenue - Cost of Goods Sold) / Revenue
=(133.265 - 63.624) / 133.265
=52.26 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.


Vera Bradley  (NAS:VRA) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Vera Bradley had a gross margin of 52.26% for the quarter that ended in Jan. 2024 => Durable competitive advantage


Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.


Vera Bradley Gross Margin % Related Terms

Thank you for viewing the detailed overview of Vera Bradley's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


Vera Bradley (Vera Bradley) Business Description

Traded in Other Exchanges
N/A
Address
12420 Stonebridge Road, Roanoke, IN, USA, 46783
Vera Bradley Inc designs women's handbags, travel items, and accessories. Each category comprises a substantial component of total sales, with the bags category comprising the Most. Most of the company's sales are made directly to customers through Vera Bradley's retail stores and e-commerce sites. The company also has a substantial wholesale business selling to specialty retail and department stores. Almost all company sales are in the United States. Vera Bradley uses third-party manufacturers in Asia to produce its product, and the company distributes the product through its distribution center in Indiana.
Executives
Mary Lou Kelley director 7601 PENN AVENUE SOUTH, RICHFIELD MN 55423
Michael Schwindle officer: CHIEF FINANCIAL OFFICER 2400 WEST CENTRAL ROAD, HOFFMAN ESTATES IL 60192
Alison Hiatt officer: Chief Marketing Officer C/O VERA BRADLEY, INC., 12420 STONEBRIDGE ROAD, ROANOKE IN 46783
Jacqueline Ardrey director, officer: President and CEO C/O VERA BRADLEY, INC., 12420 STONEBRIDGE ROAD, ROANOKE IN 46783
Frances P Philip director ONE ALBION ROAD, LINCOLN RI 02865
Edward M Schmults director C/O VERA BRADLEY, INC., 2208 PRODUCTION ROAD, FORT WAYNE IN 46808
Robert Wallstrom director, officer: President & Chief Exec Officer 12 E. 49TH STREET, NEW YORK NY 10017
Daren Hull officer: Chief Customer Officer C/O VERA BRADLEY, INC., 12420 STONEBRIDGE ROAD, ROANOKE IN 46783
John Enwright officer: VP, Interim Chief Fin. Officer C/O VERA BRADLEY, INC., 12420 STONEBRIDGE RD., ROANOKE IN 46873
Mark C Dely officer: VP - Chief Legal Off. and Sec. 4300 NEW GETWELL RD, MEMPHIS TN 38118
P. Michael Miller director, 10 percent owner C/O VERA BRADLEY, INC., 2208 PRODUCTION ROAD, FORT WAYNE IN 46808
Patricia R. Miller director, 10 percent owner C/O VERA BRADLEY, INC., 2208 PRODUCTION ROAD, FORT WAYNE IN 46808
Nancy Twine director C/O VERA BRADLEY, INC., 12420 STONEBRIDGE ROAD, ROANOKE IN 46783
James Bradley Byrne 10 percent owner 12 CHURCHILL ROAD, MARBLEHEAD MA 01945
Byrne Thomas Farrell Ii 10 percent owner 13114 PERRY LAKE COURT, FORT WAYNE IN 46845