Vera Bradley (VRA) Misses Q1 EPS by 11c, Revenue Beats, Offers Guidance

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Go back to Vera Bradley (VRA) Misses Q1 EPS by 11c, Revenue Beats, Offers Guidance

Vera Bradley Announces First Quarter Fiscal Year 2022 Results

June 9, 2021 8:00 AM EDT

Consolidated net revenues totaled $109.1 million for the current year first quarter, an increase of 57.5% over $69.3 million in the prior year

For the quarter, Vera Bradley, Inc. substantially narrowed its net loss to $2.1 million, or $0.06 per diluted share; excluding certain items, the non-GAAP net loss totaled $1.7 million, or $0.05 per diluted share

Balance sheet remains strong, with cash, cash equivalents, and investments over $50 million and no debt

Management increases annual guidance for fiscal year ending January 29, 2022

FORT WAYNE, Ind., June 09, 2021 (GLOBE NEWSWIRE) --... More