Looking Ahead

Goals for 2023

OUR FOCUS AREAS FOR FISCAL 2023 WILL REMAIN THE SAME - to continue to:

• drive our digital-first strategy;

• enhance our product innovation pipeline, collaborations and category extensions;

• build our community through marketing; and

• evolve our distribution channels.

We are committed to being a purpose-driven, multi-lifestyle-brand, stable-growth company, generating strong cash flow. Our solid cash position, debt-free balance sheet, and ability to generate free cash flow has positioned us to continue to invest in our two lifestyle brands; seek out accretive acquisitions of other cash-generating, purpose-driven brands over time; and return capital to shareholders through continued share repurchases or future dividends.

Although Fiscal 2022 had its challenges, and Fiscal 2023 will still be filled with inflationary obstacles to overcome, we have a solid longterm vision for the future of our Company and a clear path to achieve our goals. Our team is focused, our balance sheet is solid, our brands are strong, and we are positioned for long-term, stable growth. We remain excited about the opportunities that lie ahead for Vera Bradley, Inc.