Vera Bradley (VRA) Reports In-Line Q4 EPS; Guides Q1, FY17

Vera Bradley (NASDAQ: VRA) reported Q4 EPS of $0.41, in-line with the analyst estimate of $0.41. Revenue for the quarter came in at $154.1 million versus the consensus estimate of $152.64 million.

Vera Bradley also announced its plans to open a flagship store in the SoHo Historic District in Manhattan. The location is scheduled to open in September 2016.

The beautiful two-story 5,700 square foot space will undergo a complete renovation, bringing to life the brand’s rich heritage through a fresh, modern lens, while respecting the style and traditions of the historic streets of the SoHo neighborhood.

Robert Wallstrom, Chief Executive Officer of Vera Bradley, noted, “We have been searching for the right Manhattan site for our Vera Bradley flagship store for some time. This high-traffic SoHo location, surrounded by other great retail stores, is the ideal location for us, especially as we continue transforming and modernizing our brand. The store will be the perfect venue to engage customers with our trademark personalized service and to showcase our wide range of innovative and colorful collections of handbags, luggage, accessories, and gifts.”

GUIDANCE:

Vera Bradley sees Q1 2017 EPS of $0.04-$0.06, versus the consensus of $0.03. Vera Bradley sees Q1 2017 revenue of $105-109 million, versus the consensus of $102.4 million.

Vera Bradley sees FY2017 EPS of $0.90-$0.98, versus the consensus of $0.94. Vera Bradley sees FY2017 revenue of $510-525 million, versus the consensus of $512.6 million.

For earnings history and earnings-related data on Vera Bradley (VRA) click here.

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