Vera Bradley (VRA) Tops Q3 EPS by 1c; Offers Light Q4 Outlook; Enters New Licensing Agreements
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Vera Bradley Announces Additional Licensing Agreements in Home, Hosiery, and Swim
December 7, 2016 8:01 AM ESTFORT WAYNE, Ind., Dec. 07, 2016 (GLOBE NEWSWIRE) -- Vera Bradley, Inc. (Nasdaq: VRA) (Vera Bradley or the Company) today announced it has entered into three additional licensing agreements in the areas of home, hosiery, and swim. The Company previously announced licensing arrangements for stationery and publishing.  Â
Rob Wallstrom, Chief Executive Officer of Vera Bradley, noted, We are excited about the expansion of our products through licensing which should increase our brand exposure, allow us to acquire new customers, provide additional distribution, drive traffic to our digital flagship, and position us for eventual international... More
Vera Bradley Announces Fiscal Third Quarter 2017 Results
December 7, 2016 8:00 AM ESTThird quarter net revenues totaled $126.7 million, flat with last year
Third quarter net income totaled $8.8 million, or $0.24 per diluted share (including a $0.04 per share income tax benefit related to the release of certain income tax reserves)
Company ended quarter with strong cash position (including short-term investments) of $83.0 million, no debt, and year-over-year inventories down 19.0%
Company successfully launches new brand positioning during the quarter
Management provides fourth quarter guidance and updated guidance for full year
FORT WAYNE, Ind., Dec. 07,... More
