Vera Bradley Q3 revenue $124M (-8% YoY); non-GAAP EPS $0.20; CEO Ardrey takes over

Vera Bradley, Inc.

2023-Q3 EPS reported -$1.00 revenue$352,870,000

Q3 net revenues $124.0M vs $134.7M prior year; net income $5.2M ($0.17 diluted), flat YoY.
Non-GAAP diluted EPS $0.20 vs $0.18 prior year, helped by expense reductions.
Vera Bradley Direct revenue -7.6%, Indirect +6.7%; Pura Vida revenue -20.3% with operating loss $1.4M.
Jackie Ardrey named President & CEO effective Nov 1, replacing retiring Rob Wallstrom.
Q4 guidance: revenue $136-141M, diluted EPS $0.16-0.20; FY2023 EPS $0.22-0.26, down from $0.57.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Vera Bradley, Inc. reported nine months ended October 29, 2022 results: revenue $352.9 million, net income ($31.6) million, EPS ($1.00) per diluted share.

Period: nine months ended October 29, 2022
Revenue: $352.9 million
Net income: ($31.6) million
EPS: ($1.00) per diluted share
Result: reported results

Exact text from the filing

Consolidated net revenues totaled $352.9 million for the current year nine months ended October 29, 2022, compared to $390.9 million in the prior year nine month period ended October 30, 2021. For the current year nine months, Vera Bradley, Inc.’s consolidated net loss totaled ($31.6) million, or ($1.00) per diluted share.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Vera Bradley, Inc. reported third quarter ended October 29, 2022 results: revenue $124.0 million, net income $5.2 million, EPS $0.17 per diluted share.

Period: third quarter ended October 29, 2022
Revenue: $124.0 million
Net income: $5.2 million
EPS: $0.17 per diluted share
Result: reported results

Exact text from the filing

Consolidated net revenues totaled $124.0 million compared to $134.7 million in the prior year third quarter ended October 30, 2021. For the current year third quarter, Vera Bradley, Inc.’s consolidated net income totaled $5.2 million, or $0.17 per diluted share.

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Source: SEC EDGAR

accession 0001495320-22-000044

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