Vera Bradley (VRA) Misses Q1 EPS by 2c; Trims FY16 EPS, Revenue Outlook

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Vera Bradley Announces Fiscal First Quarter 2016 Results

June 3, 2015 8:00 AM EDT

Net revenues from continuing operations totaled $101.1 million

Net income from continuing operations (excluding charges) totaled $0.1 million, or $0.00 per diluted share

Company ends quarter with strong cash position of $96.6 million and year-over-year inventories down 19.6%

FORT WAYNE, Ind., June 3, 2015 (GLOBE NEWSWIRE) -- Vera Bradley, Inc. (Nasdaq: VRA) ("Vera Bradley" or the "Company") today announced its financial results for the fiscal first quarter ended May 2, 2015.

Summary of Financial Performance

Net revenues from continuing operations totaled $101.1 million for the current year... More

Vera Bradley Names Theresa Palermo EVP, Chief Marketing Officer

June 2, 2015 4:00 PM EDT

FORT WAYNE, Ind., June 2, 2015 (GLOBE NEWSWIRE) -- Vera Bradley, Inc. (Nasdaq: VRA) ("Vera Bradley" or the "Company") today announced that Theresa Palermo has been named Executive Vice President, Chief Marketing Officer. She will join the Company on June 22, 2015.

Since 2013 Palermo has served as Vice President, Global Marketing and Public Relations for Fossil Group, where she successfully created and executed innovative marketing strategies and campaigns for their extensive portfolio of luxury and fashion brands across North and Central America. Palermo joined Fossil in 2011 as Global Senior Director of Marketing. Prior to joining Fossil, she held... More