Equity Research Focusing on the Consumer Sector, Small Cap Consumer Research

Small Cap Consumer Research

Equity research on small cap consumer names.

Equity Research Focusing on the Consumer Sector

Small Cap Consumer Research, LLC is a leading company-sponsored equity research provider focusing on the consumer sector (apparel, brand licensing and specialty retailing segments).

Equity Bottom-Up

<ul><li>We are reiterating our Hold rating and projections for Vera Bradley with the company announcing 2QFY26 (July) results before the open on Thursday.</li><li>While we expect progress operationally as the company anniversaries the chaos surrounding the launch of Operation Restoration, the key will be the initial vision laid out by Executive Chairamn Ian Bickley and Chief Financial Officer Marty Layding for the company.</li><li>While we are wholly speculating, we believe it will focus on a balance between old and new and continue the shift to a more fashion driven customer, but perhaps at a pace which does not leave the OG Vera Bradley shopper behind.</li></ul>

We are reiterating our Hold rating and projections for Vera Bradley with the company announcing 2QFY26 (July) results before the open on Thursday.While we expect progress operationally as the company anniversaries the chaos surrounding the launch of Operation Restoration, the key will be the initial vision laid out by Executive Chairamn Ian Bickley and Chief Financial Officer Marty Layding for the company.While we are wholly speculating, we believe it will focus on a balance between old and new and continue the shift to a more fashion driven customer, but perhaps at a pace which does not leave the OG Vera Bradley shopper behind.

VRA: 2Q Preview: What's the Playbook?; Reiterate Hold Rating