Vera Bradley Announces Third Quarter Fiscal 2021 Results
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Vera Bradley (VRA) PT Lowered to $9 at Cowen
December 10, 2020 6:56 AM ESTCowen analyst Oliver Chen lowered the price target on Vera Bradley (NASDAQ: VRA) to $9.00 (from $10.00) while maintaining an Outperform rating.
The analyst commented, "Robust Margins But Slightly Lower Revenue vs. Estimates. EPS beat Street by +6c on SG&A leverage,... More
Vera Bradley (VRA) Tops Q3 EPS by 6c, Revenues Miss
December 9, 2020 8:02 AM ESTVera Bradley (NASDAQ: VRA) reported Q3 EPS of $0.30, $0.06 better than the analyst estimate of $0.24. Revenue for the quarter came in at $124.8 million versus the consensus estimate of $129.98 million.
Chief Executive Officer Rob Wallstrom noted, Our quarterly earnings once again significantly exceeded last years performance as well as our expectations. We expanded our gross margin rate primarily through sales of cotton masks and controlled promotional activity, and we diligently managed our expenses, achieving meaningful expense leverage. Our multi-brand strategy is proving to be powerful.
Wallstrom... More
