Vera Bradley (VRA) Tops Q2 EPS by 39c
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Vera Bradley Announces Second Quarter Fiscal 2021 Results
September 2, 2020 8:00 AM EDTCompany posts second quarter GAAP EPS of $0.42 per diluted share and non-GAAP EPS, excluding certain items, of $0.32 per diluted share
Total revenue growth for the quarter of 10.0%, driven by Pura Vida acquisition and strong Vera Bradley e-commerce performance
Company delivers meaningful gross margin rate improvement and leverage on expenses for the quarter
Balance sheet remains strong, with year-over-year increase in cash, cash equivalents, and investments to $77.1 million, even after reducing borrowings on its ABL facility
FORT WAYNE, Ind., Sept. 02, 2020... More
