Vera Bradley (NASDAQ: VRA) reported Q3 EPS of $0.18, $0.08 worse than the analyst estimate of $0.26. Revenue for the quarter came in at $134.7 million versus the consensus estimate of $138.01 million.

GUIDANCE:

Vera Bradley sees Q4 2022 EPS of $0.24-$0.29, versus the consensus of $0.40. Vera Bradley sees Q4 2022 revenue of $155-160 million, versus the consensus of $165.6 million.

• Consolidated net revenues of $155 to $160 million. Net revenues totaled $142.4 million in the prior year fourth quarter.
• A consolidated gross profit percentage of 51.6% to 52.1% compared to 54.7% in the prior year fourth quarter. The expected rate decline relates to ongoing supply chain challenges and incremental costs for inbound and outbound freight expense. The retroactive reinstatement of GSP is not included in the current year gross margin estimate.
• Consolidated SG&A expense of $68 to $69 million compared to $63.3 million in the prior year fourth quarter. The expected SG&A increase is primarily related to general variable increases associated with higher sales expectations.
• Consolidated diluted EPS of $0.24 to $0.29 based on diluted weighted-average shares outstanding of 34.4 million and an effective tax rate of approximately 21.0%. Diluted EPS totaled $0.31 in last year’s fourth quarter.

For earnings history and earnings-related data on Vera Bradley (VRA) click here.