iHub News
3月前
Vera Bradley shares surge nearly 10% after revenue beats estimates despite earnings missMarch 12, 2026 10:31 AM
IH Market News
Vera Bradley, Inc. (NASDAQ:VRA) reported mixed fourth-quarter results on Thursday, with revenue coming in above analyst forecasts while earnings fell short of expectations.The company’s shares climbed 9.64% in premarket trading following the release, as investors appeared encouraged by signs that the business may be stabilizing.The handbag and accessories retailer posted an adjusted loss of $0.19 per share for the fourth quarter, missing the analyst consensus estimate of a $0.01 per share profit. However, revenue totaled $84.9 million, exceeding expectations of $77.3 million and declining only 1.7% from $86.4 million recorded in the same quarter a year earlier.On a GAAP basis, the company returned to profitability, reporting net income from continuing operations of $2.7 million, or $0.09 per diluted share, compared with a net loss of $20.0 million, or -$0.72 per diluted share, in the fourth quarter of the previous year.“We are pleased to report that our fourth quarter results reflect meaningful progress in our transformation journey,” said Ian Bickley, who was recently appointed Chairman and Chief Executive Officer. “Returning to profitability for the first time in over a year, combined with our third consecutive quarter of sequential improvement in the Direct channel, gives us confidence that Project Sunshine is beginning to resonate with our customers.”Revenue from the Direct segment reached $74.5 million, down 2.6% from $76.5 million in the fourth quarter of the prior year.Comparable sales declined 0.7%, reflecting lower traffic and conversion rates in outlet stores, partly offset by stronger ecommerce sales. Meanwhile, revenue from the Indirect segment increased 4.9% to $10.4 million from $9.9 million, driven by a major wholesale collaboration launched in the spring.Consolidated gross margin improved to 47.8% of net revenue, up from 45.9% a year earlier, supported by reduced promotional activity in the outlet channel and lower freight costs.Adjusted selling, general and administrative expenses fell to $37.3 million, representing 43.9% of net revenue, compared with $47.9 million, or 55.4% of net revenue, in the prior year.Looking ahead to fiscal 2027, Vera Bradley expects revenue to range between $255 million and $270 million. The midpoint of $262.5 million would represent a slight decline compared with fiscal 2026 revenue of $269.7 million. The company also expects its operating loss to improve by at least 40% from the previous year’s loss of $21.7 million.Vera Bradley stock price
Original: Vera Bradley shares surge nearly 10% after revenue beats estimates despite earnings miss
EZ2
15年前
Vera Bradley Q2 profit zooms, shares up
08/30 04:51 PM
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* Q2 EPS $0.34 vs $0.26 last year
* Q2 rev up 30 pct to $103.8 mln
* Q2 same store sales up 10.5 percent
* Sees Q3 2012 revenue $107-$110 mln
* Shares up as much as 8 pct in extended trading (Follows alerts)
Aug 30 (Reuters) - Handbag maker Vera Bradley Inc's (VRA:$30.57,00$0.60,002.00%) quarterly profit rose about 50 percent helped by a strong demand for its fall product assortment, sending its shares up as much as 8 percent in extended trading.
The company, which had an impressive trading debut last October, forecast third-quarter earnings of 26-28 cents a share, on revenue of $107-$110 million.
Second-quarter profit was up at $13.6 million, or 34 cents a share, from $9.2 million, or 26 cents a share, last year.
Net revenue rose 30 percent to $103.8 million, while same store sales rose 10.5 percent.
Shares of the Fort Wayne, Indiana-based company were trading up 6 percent at $32.50 after the bell. They had closed at $30.57 on Tuesday on Nasdaq. (Reporting by Chris Jonathan Peters in Bangalore; Editing by Sriraj Kalluvila)
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EZ2
15年前
Vera Bradley Issues Pricing of Secondary Public Offering, Shares Down 1% Just After Open
04/14 09:46 AM
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09:46 AM Eastern Daylight Time, 04/14/2011 (MidnightTrader) -- Vera Bradley (VRA:$43.77,00$-1.42,00-3.14%) today announced the pricing of the offering of 6,039,525 shares of its common stock by certain shareholders at a price of $43.50 per share, an increase from the previously announced offering of 5,169,960 shares of its common stock.
Underwriters have a 30-day option to purchase up to 905,929 additional shares from the selling shareholders. Vera Bradley, Inc. (VRA:$43.77,00$-1.42,00-3.14%) will not receive any proceeds from the sale of shares by the selling shareholders.
Shares are down 1.44% to $44.54 just after the markets opened.
Price: 44.54, Change: -0.65, Percent Change: -1.44
http://www.midnighttrader.com
EZ2
15年前
Go...VRA...Go !!
Vera Bradley Adds 7.4% After Better-than-Expected Q4 03/16 09:44 AM
09:44 AM Eastern Daylight Time, 03/16/2011 (MidnightTrader) --
Vera Bradley (VRA:$35.59,00$1.98,005.89%) jumped out of the gate and is up more than 7% in early trading, after the company said late Tuesday Q4 revenues were $109.4 mln, better than the analyst consensus of $96 mln on Thomson Reuters. EPS was $0.39, vs. expectations of $0.27 per share.
http://www.midnighttrader.com
EZ2
15年前
Vera Bradley 4Q Profit Falls 18% On Taxes But Results Beat Views
03/15 04:22 PM
DOW JONES NEWSWIRES
Vera Bradley Inc.'s (VRA:$33.61,00$-0.25,00-0.74%) fiscal fourth-quarter earnings fell 18% on a much bigger tax bite, but the handbag maker's results nevertheless bested Wall Street estimates.
Shares were up 7.8% at $36.24 in after-hours trading Tuesday.
Through the close, the stock has more than doubled in value since it went public in October, when it priced at the high end of its expected range.
The company--which designs and sells women's accessories like handbags, wallets and duffle bags for travel--in the latest period saw its direct sales eclipse its previously dominant revenue stream, sales at other retailers like Barnes & Noble Inc. (BKS:$10.1100,$-0.5600,-5.25%) and Hallmark stores.
Vera Bradley (VRA:$33.61,00$-0.25,00-0.74%) has been aiming to expand its direct sales base, which includes its namesake stores and website.
Its results were strong in 2010, but when the economy was weaker, so was Vera Bradley's (VRA:$33.61,00$-0.25,00-0.74%) revenue:
The company saw sales decline 15% in the year ended January 2009, when discretionary products were a tougher sell.
For the quarter ended Jan. 29, Vera Bradley (VRA:$33.61,00$-0.25,00-0.74%) posted a profit of $14.2 million, or 35 cents a share, compared with $17.3 million, or 49 cents a share, a year earlier.
Adjusting the bottom line to assume a combined federal, state, and local effective tax rate of 40%, earnings rose to 39 cents a share from 30 cents.
Revenue increased 29% to $109.4 million.
Analysts surveyed by Thomson Reuters predicted earnings of 27 cents a share on revenue of $96 million.
Same-store sales increased 22%. Indirect sales, those made by independent retailers, were up 6%, while its direct sales surged 61%.
Gross margin rose to 56.5% from 55.3%.
-By Joan E. Solsman, Dow Jones Newswires; 212-416-2291; joan.solsman@ dowjones.com
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http:// www.djnewsplus.com/nae/al?rnd=GK3HU88twRMjyvEU6WpYMA%3D%3D. You can use this link on the day this article is published and the following day.
(END) Dow Jones Newswires
03-15-111622ET
Copyright (c) 2011 Dow Jones & Company, Inc.
EZ2
15年前
VRA....highlights:
Vera Bradley Announces Fourth Quarter and Fiscal Year 2011 Financial Results
03/15 04:00 PM
FORT WAYNE, Ind., March 15, 2011 (GLOBE NEWSWIRE) -- Vera Bradley, Inc. (VRA:$33.61,00$-0.25,00-0.74%) today announced its financial results for the fourth quarter and fiscal year ended January 29, 2011.
Fourth Quarter Highlights
Net revenues increased 29% to $109.4 million, with Indirect net revenues increasing 6% and Direct net revenues rising 61%, including an increase of 22.1% in comparable-store sales.
Operating income grew 48% to $26.5 million, or 24% of net revenues, compared to $18.0 million, or 21% of net revenues, in the fourth quarter of fiscal 2010.
On a GAAP basis, diluted EPS was $0.35 for the quarter, compared to $0.49 for the same quarter of the prior year.
On an adjusted basis, diluted EPS was $0.39 for the quarter, compared to $0.30 for the same quarter of the prior year.
EZ2
15年前
VRA -- Vera Bradley Announces Reporting Date for Fiscal Year 2011 Fourth Quarter and Full Year Financial Results
03/02 08:00 AM
FORT WAYNE, Ind., March 2, 2011 (GLOBE NEWSWIRE) -- Vera Bradley, Inc. (VRA:$33.94,00$0.00,000.00%) announced today that it plans to report its fiscal year 2011 fourth quarter and full year financial results on Tuesday, March 15, 2011, after the market close. The Company also plans to hold a conference call to discuss its financial results the same day at 4:30 p.m. ET.
A live webcast of the conference call will be available in the investor relations section of the Company's website, www.verabradley.com.
In addition, a replay of the call will be available shortly after the conclusion of the call and remain available until March 29, 2011. To access the telephone replay, listeners should dial (877) 870-5176. The access code for the replay is 8308117. A replay of the webcast will also be available within two hours of the conclusion of the call and will remain on the website for ninety days.
About Vera Bradley (VRA:$33.94,00$0.00,000.00%)
Friends Barbara Bradley Baekgaard and Patricia R. Miller founded Vera Bradley (VRA:$33.94,00$0.00,000.00%) in 1982. Today, Vera Bradley (VRA:$33.94,00$0.00,000.00%) is sold through 3,300 specialty stores and 39 Vera Bradley (VRA:$33.94,00$0.00,000.00%) stores nationwide. Vera Bradley (VRA:$33.94,00$0.00,000.00%) accessories, handbags, and travel and paper & gift items have recently been spotted on Desperate Housewives, Brothers and Sisters, Entourage, and Modern Family, and in over 20 feature-length films. Visit www.verabradley.com for a store near you or to learn more.
CONTACT: Vera Bradley Public Relations:
Mediacontact@verabradley.com
877-708 VERA (8372)
Investor Relations:
Joseph Teklits/Jean FontanaICR, Inc.
203-682-8200
Jean.fontana@icrinc.com
EZ2
16年前
Nice little blip up today --- maybe we can sustain the gains through holiday season !
Several large retailers have announced in recent weeks that they will be adding staff for the holidays.
Macy's Inc. (M:$25.59,00$0.0300,0.12%) is adding 65,000 seasonal employees nationwide to stores, call centers and distribution centers. Kohl's Corp. (KSS:$53.1200,$1.2000,2.31%) will hire over 40,000 seasonal staffers, a more than 20% increase from last year, which equates to about 35 additional workers in each store. Toys "R" Us is adding 10,000 seasonal employees to the 35,000 it hired last year.
Even Blockbuster Inc. (BLOAQ:$0.0480,$0.0010,2.13%) , which is operating under Chapter 11 bankruptcy protection, announced its plans to hire around 4,000 seasonal employees in the U.S. for the holiday season.
Macy's (M:$25.59,00$0.0300,0.12%) said the company's hiring plans are a slight increase over the previous years, "reflecting the company's expectations for same-store sales in the second half of fiscal 2010 to be up by 3 to 3.5%."
Chief Executive Terry Lundgren said Macy's (M:$25.59,00$0.0300,0.12%) is ramping "up our workforce starting now and running through December" to ensure customers are well-served during the busiest shopping season of the year.
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