Vera Bradley (VRA) Misses Q4 EPS by 8c, Revenues Miss; Offers FY21 EPS Guidance Below Consensus, FY21 Revenue Guidance Above Consensus

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Go back to Vera Bradley (VRA) Misses Q4 EPS by 8c, Revenues Miss; Offers FY21 EPS Guidance Below Consensus, FY21 Revenue Guidance Above Consensus

Vera Bradley Announces Fourth Quarter and Fiscal Year 2021 Results

March 10, 2021 8:00 AM EST

For the fiscal year, Vera Bradley, Inc. net income totaled $8.7 million, or $0.26 per diluted share;excluding certain items, Vera Bradley, Inc. non-GAAP net income totaled $21.4 million, or $0.63 per diluted share

E-commerce sales comprised nearly half of total Company revenues for the fiscal year; Vera Bradley brand e-commerce sales grew nearly 50% over prior year

Balance sheet remains strong, with cash, cash equivalents, and investments of $65.5 million and no debt

Management provides guidance for fiscal year ending January 29, 2022; total revenues expected to grow 17% to 23% over Fiscal 2021... More