Vera Bradley (VRA) Tops Q2 EPS by 10c, Slight Beat on Revenues; Lifts FY19 EPS Guidance
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Vera Bradley Announces Fiscal Second Quarter 2019 Results
September 5, 2018 8:00 AM EDTSecond quarter net income totaled $9.3 million, or $0.26 per diluted share, ahead of $0.15 to $0.17 per diluted share guidance
Second quarter net revenues totaled $113.6 million, in line with guidance
Increased full-price selling helped drive 160 basis point gross profit margin increase in the second quarter
Second quarter ended with a strong cash and investment position of $144.8 million, no debt, and year-over-year inventories down 17.1% to $86.3 million
Management increases annual diluted EPS guidance range to $0.55 to $0.62, from $0.40 to $0.50 previously
FORT WAYNE, Ind., Sept. 05,... More
