Vera Bradley (VRA) 4Q15 Results: In-Line Quarter, Comps Hurt by E-Commerce Promotions

Executive Summary

• Vera Bradley reported fiscal 4Q15 revenues of $154.1 million, up 1.0% year over year and slightly above the consensus estimate. EPS was $0.41, in line with the consensus.
• Including e-commerce sales, total comps decreased by 4.6%. Excluding e-commerce sales, which were negatively impacted by a heavily promotional environment, comps were flat.
• For 2016, the company guided for net revenues of $510–$525 million and EPS of $0.90–$0.98.