Vera Bradley (VRA) Tops Q1 EPS by 1c, Revenues Miss; Boosts FY EPS Outlook

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Go back to Vera Bradley (VRA) Tops Q1 EPS by 1c, Revenues Miss; Boosts FY EPS Outlook

Vera Bradley Announces Fiscal First Quarter 2019 Results

June 6, 2018 8:00 AM EDT

First quarter net revenues totaled $86.6 million, in line with guidance

First quarter net loss totaled ($1.4) million, or ($0.04) per diluted share; better than guidance of ($0.08) to ($0.10) net loss per diluted share

Company ended the first quarter with a strong cash and investment position of $132.3 million, no debt, and year-over-year inventories down 18.2% to $86.2 million

Management increases annual diluted EPS guidance range to $0.40 to $0.50 from $0.35 to $0.45

FORT WAYNE, Ind., June 06, 2018 (GLOBE NEWSWIRE) -- Vera Bradley, Inc. (Nasdaq: VRA) (Vera Bradley or the... More