initial public offerings (IPOs) trading on American exchanges

Wednesday, September 4, 2019

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

** charts before earnings **


** charts after earnings **

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%.

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