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Wednesday, December 11, 2019

Vera Bradley (VRA) reported earnings on Wed 11 Dec 19 (b/o)

** charts after earnings **


Vera Bradley beats by $0.02, beats on revs; guides Q4 EPS in-line, revs below consensus

  • Reports Q3 (Oct) earnings of $0.20 per share, excluding non-recurring items, $0.02 better than the S&P Capital IQ Consensus of $0.18; revenues rose 30.5% year/year to $127.5 mln vs the $124.48 mln S&P Capital IQ Consensus.
  • Co issues in-line guidance for Q4, sees EPS of $0.49-0.53, excluding non-recurring items, vs. $0.52 S&P Capital IQ Consensus; sees Q4 revs of $155-162 mln vs. $162.52 mln S&P Capital IQ Consensus.
  • "Growth: Our plan is to return to positive comparable sales growth this year, and through the first nine months, Vera Bradley comparable sales were up 3.8%, in line with our expectations. Even in the face of a challenging North American handbag market, our improvement is being driven by exciting, innovative product, supported by data-driven marketing and a relentless focus on customer engagement and the consumer experience. Vera Bradley customer count is up double digits year-over-year. The acquisition of Pura Vida is adding to our growth as well."

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