Vera Bradley (VRA) Tops Q4 EPS by 1c, Offers Guidance
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Vera Bradley Announces Fourth Quarter and Fiscal Year 2018 Results
March 14, 2018 8:00 AM EDTFourth quarter net revenues totaled $132.0 million
Fourth quarter net income on a GAAP basis totaled $8.5 million, or $0.24 per diluted share; fourth quarter net income on a non-GAAP basis (excluding impact of tax reform legislation, severance, store impairment, and other charges) totaled $11.8 million, or $0.33 per diluted share
Fourth quarter revenues and non-GAAP EPS at high end of Companys guidance
Company ended the fiscal year with strong cash and investment position of $138.4 million, operating cash flow of $42.6 million, no debt, and year-over-year inventories down 14.1%
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