Vera Bradley (VRA) reported earnings on Wed 31 May 2017 (b/o)

** charts after earnings **

 

** charts after earnings **

Vera Bradley beats by $0.04, reports revs in-line; guides Q2 EPS below consensus, revs in-line; reaffirms FY18 EPS guidance, revs guidance :

• Reports Q1 (Apr) loss of $0.09 per share, excluding non-recurring items, $0.04 better than the Capital IQ Consensus of ($0.13); revenues fell 8.7% year/year to $96.1 mln vs the $96.62 mln Capital IQ Consensus.
• Co issues guidance for Q2, sees EPS of $0.09-0.11 vs. $0.13 Capital IQ Consensus Estimate; sees Q2 revs of $111-115 mln vs. $113.38 mln Capital IQ Consensus Estimate.
• Co reaffirms guidance for FY18, sees EPS of $0.40-0.50 vs. $0.44 Capital IQ Consensus Estimate; sees FY18 revs of $460-480 mln vs. $467.09 mln Capital IQ Consensus Estimate.
• "As a reminder, our primary objective in fiscal 2018 is to increase our customer count. In order to do this, we must: Drive brand desirability through a robust marketing program and focused brand clarity; Drive product desirability through focusing on our core assortment and strategically leveraging licensing opportunities to expand the brand reach; and Strengthen our distribution network, focusing on driving comparable sales in our core businesses, including continuing to strengthen our digital flagship and closing up to 15 underperforming full-line stores."