Vera Bradley Announces Second Quarter Fiscal 2020 Results
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Vera Bradley (VRA) Misses Q2 EPS by 2c, Revenues Beat, Comp. Sales Up 2.1%; Raises FY19 EPS Guidance, Offers Q3 & FY20 Revenue Guidance Above Consensus
September 4, 2019 8:10 AM EDTVera Bradley (NASDAQ: VRA) reported Q2 EPS of $0.25, $0.02 worse than the analyst estimate of $0.27. Revenue for the quarter came in at $119.8 million versus the consensus estimate of $117.35 million.
Company completed Pura Vida acquisition during second quarterSecond quarter consolidated revenues up 5.4% to $119.8 million; Vera Bradley comparable sales grew 2.1% for the quarterPost-acquisition, Company retained strong cash and investment position of $70.5 million and no debtManagement updates consolidated non-GAAP guidance for fiscal year, increasing annual diluted EPS range to $0.86 to $0.93, which maintains prior Vera Bradley annual guidance of $0.67 to $0.74 plus accretion from Pura Vida... More