Vera Bradley (VRA) shares fell 9.3% in recent Wednesday trading after the company swung to a fiscal Q3 non-GAAP loss and lower revenue while cutting its fiscal year 2025 outlook.

The company earlier reported its fiscal Q3 swung to a non-GAAP loss of $0.27 per diluted share from earnings of $0.19 a year earlier.

Two analysts polled by FactSet expected earnings of $0.06.

Revenue for the quarter ended Nov. 2 was $80.6 million, down from $115.0 million a year earlier.

Two analysts surveyed by FactSet expected $98.7 million.

For fiscal 2025, Vera said it expects a loss of $0.25 per share, versus its prior outlook of earnings of $0.10 per share. Two analysts polled by FactSet expect earnings of $0.10. The company now estimates revenue for the year to be $385 million, down from its previous guidance of $410 million. Two analysts surveyed by FactSet expect $410 million.

Price: 4.88, Change: -0.50, Percent Change: -9.29