Vera Bradley (VRA) PT Lowered to $9 at Cowen
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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
