Vera Bradley (VRA) volatility elevated into Q1 and outlook
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Vera Bradley (VRA) Tops Q1 EPS by 4c, Slight Miss on Revenues; Reiterates FY Guidance
May 31, 2017 8:04 AM EDTVera Bradley (NASDAQ: VRA) reported Q1 EPS of ($0.09), $0.04 better than the analyst estimate of ($0.13). Revenue for the quarter came in at $96.1 million versus the consensus estimate of $96.62 million.
First quarter net revenues totaled $96.1 million, in line with guidanceFirst quarter net loss on a GAAP basis totaled ($4.0) million, or ($0.11) per diluted share; first quarter net loss on a non-GAAP basis (excluding severance charges) totaled ($3.2) million, or ($0.09) per diluted shareCompany ended the first quarter with a strong cash and investment position of $101.4 million, no debt, and year-over-year inventories down 7.0%Management... More
