Vera Bradley Announces Fiscal Third Quarter 2019 Results
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Vera Bradley (VRA) Reports Q3 EPS of $0.12, Revenues Miss; Offers FY19 EPS/Revenue Guidance
December 12, 2018 8:03 AM ESTVera Bradley (NASDAQ: VRA) reported Q3 EPS of $0.12. Revenue for the quarter came in at $97.7 million versus the consensus estimate of $101.68 million.
Robert Wallstrom, Chief Executive Officer, noted, During the quarter, we continued to successfully execute against our Vision 20/20 strategy, our comprehensive plan to strengthen our brand and financial health by substantially lowering clearance sales and reducing our expense structure. We lowered our clearance selling by over 70%, and our full-price business once again grew by double digits over last year.... More
