===Vera Bradley (VRA) reported earnings on Wed 13 March 24 (b/o)

 

ROANOKE, Ind. (AP) — ROANOKE, Ind. (AP) — Vera Bradley Inc. (VRA) on Wednesday reported a loss of $1.9 million in its fiscal fourth quarter.

On a per-share basis, the Roanoke, Indiana-based company said it had a loss of 6 cents. Earnings, adjusted for one-time gains and costs, were 11 cents per share.

The handbag and accessories company posted revenue of $133.3 million in the period.

For the year, the company reported profit of $7.8 million, or 25 cents per share. Revenue was reported as $470.8 million.

Vera Bradley (VRA) reported earnings on Wed 11 Dec 19 (b/o)

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Vera Bradley beats by $0.02, beats on revs; guides Q4 EPS in-line, revs below consensus

Reports Q3 (Oct) earnings of $0.20 per share, excluding non-recurring items, $0.02 better than the S&P Capital IQ Consensus of $0.18; revenues rose 30.5% year/year to $127.5 mln vs the $124.48 mln S&P Capital IQ Consensus.

Co issues in-line guidance for Q4, sees EPS of $0.49-0.53, excluding non-recurring items, vs. $0.52 S&P Capital IQ Consensus; sees Q4 revs of $155-162 mln vs. $162.52 mln S&P Capital IQ Consensus.

"Growth: Our plan is to return to positive comparable sales growth this year, and through the first nine months, Vera Bradley comparable sales were up 3.8%, in line with our expectations. Even in the face of a challenging North American handbag market, our improvement is being driven by exciting, innovative product, supported by data-driven marketing and a relentless focus on customer engagement and the consumer experience. Vera Bradley customer count is up double digits year-over-year. The acquisition of Pura Vida is adding to our growth as well."

Earnings this week : Dec 9 - 12, 19 (wk 50)

Monday (Dec 9)

• Morning: THO
• Afternoon: CDMO CASY CHWY ROAD MDB PHR SFIX TOL MTN

Tuesday (Dec 10)

• Morning: AZO CMD CONN DBI HDS
• Afternoon: PLAY GME OLLI

Wednesday (Dec 11)

• Morning: AEO PLAB PLCE UNFI VRA
• Afternoon: LULU MESA NDSN OXM NX TLRD

Thursday (Dec 12)

• Morning: CIEN LOVE
• Afternoon: ADBE AVGO COST ORL

Friday (Dec 12) 

• None 

 Notable earnings reports: 
Casey's General Stores (NASDAQ:CASY), Chewy (NYSE:CHWY), MongoDB (NASDAQ:MDB), Stitch Fix (NASDAQ:SFIX), Toll Brothers (NYSE:TOL), Vail Resorts (NYSE:MTN) on December 9; AutoZone (NYSE:AZO), Dave & Buster's (NASDAQ:PLAY) and GameStop (GME) on December 10; American Eagle Outfitters (NYSE:AEO), Lululemon (LULU) and Tailored Brands (NYSE:TLRD) on December 11; Nio (NYSE:NIO), Adobe (NASDAQ:ADBE), Broadcom (NASDAQ:AVGO), Costco (NASDAQ:COST) and Oracle (NYSE:ORCL) on December 12.

Vera Bradley (VRA) reported earnings on Wed 4 Sept 19 (b/o)

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Shares of Vera Bradley Inc. , the handbags and luggage seller, reported a fiscal second-quarter profit that missed expectations, although revenue rose more than forecast. Net income for the quarter to Aug. 3 fell to $5.9 million, or 17 cents a share, from $9.3 million, or 26 cents a share, in the same period a year ago. Excluding non-recurring items, such as a charges related to the Pura Vida acquisitions, adjusted earnings per share came to 25 cents, below the FactSet consensus of 27 cents. Revenue rose to $119.8 million from $113.6 million, above the FactSet consensus of $117.3 million, while same-store sales growth of 2.1% matched expectations. Excluding Pura Vida results, revenue growth of 0.7% to $114.4 million was slightly below guidance of $115 million to $120 million. The company said it reduced clearance sales by about $3 million during the quarter, as planned. For the third quarter, the company said it expects revenue of $122 million to $129 million including Pura Vida revenue of $23 million to $25 million, compared with the FactSet consensus of $101.2 million. The stock has rallied 23.7% year to date through Tuesday, while the SPDR S&P Retail ETF XRT  has slipped 4.5% and the S&P 500 SPX has gained 15.9%.

Earnings this week : Sept 2 - 6, 19 (wk 36)

Monday (Sept 2)

• Labor Day Holiday

Tuesday (Sept 3)

• Morning: CONN NSSC TUFN
• Afternoon: COUP EGAN GSM HQY

Wednesday (Sept 4)

• Morning: AEO MIK  NAV VRA
• Afternoon: AVAV HOME CLDR CPRT DSGX MDB PANW PVTL REVG WORK SMAR VRNT

Thursday (Sept 5)

• Morning: BITA CIEN DCI GIII JW.A KIRK LE LVGO MDP SCWX SIG
• Afternoon: ABM CDMO CRWD DOCU DOMO GWRE KFY LULU MDLA PD NX SAIC ZM ZUMZ

Friday (Sept 6) 

• Morning: BRC GCO

Notable earnings reports:

• Coupa Software (NASDAQ:COUP) on September 3; Slack Technologies (WORK), Palo Alto Networks (NYSE:PANW), MongoDB (NASDAQ:MDB), Cloudera (NYSE:CLDR) and Pivotal Software (NYSE:PVTL) on September 4; Lululemon (LULU), DocuSign (NASDAQ:DOCU), Signet Jewelers (NYSE:SIG) and Zoom Video (NASDAQ:ZM) on September 5; Brady (NYSE:BRC) on September 6.

Vera Bradley (VRA) reported earnings on Wed 13 March 19 (b/o)

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ROANOKE, Ind. (AP) _ Vera Bradley Inc. (VRA) on Wednesday reported fiscal fourth-quarter net income of $8.6 million.

On a per-share basis, the Roanoke, Indiana-based company said it had net income of 25 cents.

The handbag and accessories company posted revenue of $118.2 million in the period.

For the year, the company reported profit of $20.8 million, or 59 cents per share. Revenue was reported as $416.1 million.

For the current quarter ending in May, Vera Bradley said it expects revenue in the range of $86 million to $91 million. Analysts surveyed by Zacks had expected revenue of $87.3 million.

The company expects full-year earnings to be 64 cents to 74 cents per share, with revenue ranging from $420 million to $440 million.

Vera Bradley shares have risen 31 percent since the beginning of the year. The stock has risen 11 percent in the last 12 months.

Co topped estimates for Q4 EPS and revs (fell 10.5% year/year to $118.2 mln, near the high end of co's prior guidance) and issued upside guidance for Q1 revs and FY20 EPS and revs while guiding Q1 EPS below estimates. Co detailed progress made toward its Vision 20/20 three-year plan to restore business and brand health in FY19 -- which included SG&A reductions, restorations of full-price selling, pursuit of a Digital-First strategy, and increases in cash and investment balances -- and discussed plans for FY20 -- including goals to return to positive comp sales growth for the year.

Earnings this week : March 11 - 15, 2019 (wk 11)

Earnings confirmed for this week

Monday (March 11)

• Morning: None
• Afternoon: ADT COUP KRO OXFD  PETQ SFIX

Tuesday (March 12)

• Morning: DKS IPI KEYW MOMO NOG 
• Afternoon: APEI CLNE COHU EVRI GH QHC NTRA  SENS SNCR SWCH  TEUM ZAGG ZTO  

Wednesday (March 13)

• Morning: DQ EXPR  LXRX  SGRY VRA
• Afternoon: APYX CLDR DOMO FSM GDS KINS MDB NNBR SFS SMTC TLRD

Thursday (March 14)

• Morning: BIOS CNNE DG ERJ GCO HUD INAP LX PPDF RDNT SND TEN UXIN
• Afternoon:  ADBE ASNA AVGO AVID DOCU HEAR HTHT JBL MRAM NDLS ORCL PVTL TERP TLYS TRQ TUSK ULTA VRAY WSC ZUMZ

Friday (March 15)

• Morning: BIOS BKE CTRN DPLO KIRK MDCA

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

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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."

Vera Bradley (VRA) reported earnings Wed 6 Dec 2017 (a/h)

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Vera Bradley beats by $0.09, reports revs in-line; guides Q4 EPS above consensus, revs below consensus 

• Reports Q3 (Oct) earnings of $0.23 per share, excluding non-recurring items, $0.09 better than the Capital IQ Consensus of $0.14; revenues fell 9.9% year/year to $114.1 mln vs the $114.55 mln Capital IQ Consensus. Current year third quarter Direct segment revenues totaled $83.2 million, a 3.4% decrease from $86.1 million in the prior year third quarter.
• Comparable sales (including e-commerce) decreased 7.4% for the quarter (reflecting a 6.9% decline in comparable store sales and an 8.6% decrease in e-commerce sales) vs. ests near -3.6%, which was partially offset by new store growth (the Company opened one full-line store and seven factory outlet stores during the past 12 months). Comparable sales continue to be negatively impacted by year-over-year declines in store and e-commerce traffic. Indirect segment revenues decreased 23.8% to $30.9 million
• Co issues mixed guidance for Q4, sees EPS of $0.30-0.33, excluding non-recurring items, vs. $0.30 Capital IQ Consensus Estimate; sees Q4 revs of $127-132 mln vs. $138.75 mln Capital IQ Consensus Estimate. A gross profit percentage of 55.4% to 55.8% compared to 55.7% in the prior year fourth quarter.
• "Our ability to implement certain expense reductions in conjunction with the initial implementation of our Vision 20/20 plan more quickly than originally expected, along with diligent expense management, drove third quarter EPS (excluding the previously outlined charges) meaningfully ahead of our guidance."
• "As we discussed last quarter, we have launched Vision 20/20, an aggressive plan to turn around our business over the next three years. Vision 20/20 will restore brand and Company health by moving to a less clearance-driven business model combined with a meaningful reduction in our SG&A expenses. "In addition to resetting customers' pricing expectations and restoring our full-price business by significantly reducing the amount of clearance product available on verabradley.com and in our full-line stores, we are also focusing on streamlining our current product offerings by eliminating unproductive or incongruent categories and SKUs from our assortment. In addition, we are building more discipline into our overall assortment architecture by developing strong guardrails around introducing new categories, prices, and patterns." The majority of the product and pricing initiatives will be implemented beginning in fiscal 2019; management expects annualized revenues will be negatively impacted by these initiatives by $30 million to $50 million in fiscal 2019 from fiscal 2018 levels.

Vera Bradley (VRA) reported earnings on Wed 30 Aug 2017 (b/o)

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• Vera Bradley tops Street 2Q forecasts

ROANOKE, Ind. (AP) _ Vera Bradley Inc. (VRA) on Wednesday reported fiscal second-quarter profit of $2.2 million.

On a per-share basis, the Roanoke, Indiana-based company said it had net income of 6 cents. Earnings, adjusted for non-recurring costs and severance costs, were 13 cents per share.

The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 10 cents per share.

The handbag and accessories company posted revenue of $112.4 million in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $111.9 million.

For the current quarter ending in November, Vera Bradley said it expects revenue in the range of $112 million to $117 million. Analysts surveyed by Zacks had expected revenue of $119.5 million.

The company expects full-year earnings to be 44 cents to 50 cents per share, with revenue ranging from $460 million to $470 million.

Vera Bradley shares have fallen 14 percent since the beginning of the year. The stock has decreased 32 percent in the last 12 months.

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

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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."