Vera Bradley’s Turnaround Is Definitely Worth The Risk
Photo by LeszekCzerwonka/iStock via Getty Images
Investment thesis
The last decade has not been easy for Vera Bradley (NASDAQ:VRA). Net revenues declined for 6 years in a row until the company finally acquired Pura Vida in 2019. Even so, the influence of the coronavirus pandemic has blurred the entire panorama, so it is still difficult to confirm whether the increase in sales as a result of the acquisition of Pura Vida will represent the beginning of a successful turnaround story.
The management…
