Vera Bradley (VRA) reported earnings on Wed 6 June 2018 (b/o)

** charts before earnings **

 

** charts after earnings **

 

Vera Bradley beats by $0.06, reports revs in-line; guides Q2 above consensus; raises FY19 EPS, guides revs in-line

• Reports Q1 (Apr) loss of $0.04 per share, $0.06 better thanthe Capital IQ Consensus of ($0.10); revenues fell 9.9% year/year to $86.6 mln vs the $86.21 mln Capital IQ Consensus.
• Co issues upside guidancefor Q2, sees EPS of $0.15-0.17 vs. $0.09 Capital IQ Consensus Estimate; sees Q2 revs of $111-116 mln vs. $100.45 mln Capital IQ Consensus Estimate.
• Co issues in-line guidancefor FY19, sees EPS of $0.40-0.50 from $0.35-0.45 vs. $0.42 Capital IQ Consensus Estimate; sees FY19 revs of $405-422 mln from $405-425 mln vs. $411.34 mln Capital IQ Consensus Estimate. 
• "We are pleased that our first quarter results exceeded both expectations and prior year performance, primarily driven by a higher-than-planned gross margin rate, largely due to reduced clearance and improved full-price selling, as well as better-than-expected expense leverage. Revenues were in line with our guidance."