Company Earnings Update 2 minutesRegister for Free Access

Vera Bradley (VRA) Fiscal 4Q17 Results: Revenue Down Due to Challenging Retail Environment

Executive Summary

  • Vera Bradley reported fiscal 4Q17 adjusted EPS of $0.28, beating the consensus estimate of $0.23. Revenues decreased by 12.5%, to $134.8 million, which was roughly $2.5 million below guidance.
  • Comparable sales including e-commerce decreased by 9.5% for the quarter; the decrease was partially offset by new store growth.
  • The company’s guidance for fiscal 1Q18 includes a decrease in net revenue, to $94–$99 million, compared with 1Q17 revenue of $105.2 million. For the full fiscal year, the company expects net revenue to decrease to $460–$480 million from $485.9 million the prior year.

Please Login to read the full report. Not a member? Register for a free user account.