Vera Bradley (VRA) Tops Q1 EPS by 11c, Offers Guidance

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

Vera Bradley Announces First Quarter Fiscal Year 2024 Results

June 7, 2023 8:02 AM EDT

Consolidated net revenues totaled $94.4 million

Net loss totaled ($4.7) million, or ($0.15) per diluted share; non-GAAP net loss totaled ($2.6) million, or ($0.09) per diluted share

Balance sheet remains strong, with cash and cash equivalents of $25.3 million, no debt, and year-over-year inventories down 11.8%

Management increases guidance for fiscal year

FORT WAYNE, Ind., June 07, 2023 (GLOBE NEWSWIRE) -- Vera Bradley, Inc. (Nasdaq: VRA) today announced its financial results for the first quarter ended April 29, 2023.

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