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Vera Bradley (VRA) Fiscal 3Q18 Results: Beats on EPS, Issues Mixed Guidance

Executive Summary

  • Vera Bradley reported fiscal 3Q18 adjusted EPS of $0.23, handily beating the $0.14 consensus estimate and up 12.1% year over year. Revenues of $114.1 million were down 9.9% year over year and shy of the $114.8 million consensus estimate.
  • Comps declined by 7.4%, missing the consensus estimate of a 3.8% decline.
  • The company’s 4Q18 revenue guidance of $127–$132 million is below the $138.7 million consensus estimate. Its 4Q18 EPS guidance of $0.30–$0.33 is at or above the $0.30 consensus estimate.

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