Vera Bradley Announces Fiscal Second Quarter 2019 Results
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Vera Bradley (VRA) PT Raised to $18 at Cowen
September 6, 2018 8:24 AM EDTCowen analyst Oliver Chen raised the price target on Vera Bradley (NASDAQ: VRA) to $18.00 (from $13.00) while maintaining a Market Perform rating following results.
Chen said they were encouraged by +30% increase in full-price selling, gross margin expansion of ~160bps, inventory decline of -17%... More
Vera Bradley (VRA) Tops Q2 EPS by 10c, Slight Beat on Revenues; Lifts FY19 EPS Guidance
September 5, 2018 8:03 AM EDTVera Bradley (NASDAQ: VRA) reported Q2 EPS of $0.26, $0.10 better than the analyst estimate of $0.16. Revenue for the quarter came in at $113.6 million versus the consensus estimate of $113.14 million.
Second quarter net income totaled $9.3 million, or $0.26 per diluted share, ahead of $0.15 to $0.17 per diluted share guidanceSecond quarter net revenues totaled $113.6 million, in line with guidanceIncreased full-price selling helped drive 160 basis point gross profit margin increase in the second quarterSecond quarter ended with a strong cash and investment position of $144.8 million, no debt, and... More