Vera Bradley Q2 FY2024 net income $9.3M ($0.30 EPS) vs prior year loss; guidance raised

Vera Bradley, Inc.

2024-Q2 EPS reported $0.15 revenue$222,534,000

Net income $9.3M ($0.30 diluted EPS) vs prior year loss of $29.8M; non-GAAP net income $10.2M ($0.33).
Consolidated revenue $128.2M, down 1.7% YoY; Vera Bradley Direct down 1.5%, Pura Vida down 3.6%.
Cash $48.5M, no debt on $75M ABL; inventory down 22.4% to $139.3M.
FY2024 guidance: rev $490-500M, diluted EPS $0.57-$0.65 vs $0.24 FY2023, operating income $24-28M.
Repurchased $1.4M shares YTD; $26.3M remaining under $50M authorization.

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 0.95

Vera Bradley, Inc. reported second quarter ended July 29, 2023 results: revenue $128.2 million, net income $9.3 million, or $0.30 per diluted share, EPS $0.30 per diluted share.

Period: second quarter ended July 29, 2023
Revenue: $128.2 million
Net income: $9.3 million, or $0.30 per diluted share
EPS: $0.30 per diluted share
Result: reported results

Exact text from the filing

is furnished as Exhibit 99.1 to this report. --- EX-99.1 (EX-99.1) --- VERA BRADLEY ANNOUNCES SECOND QUARTER FISCAL YEAR 2024 RESULTS Consolidated net revenues totaled $128.2 million Net income totaled $9.3 million, or $0.30 per diluted share; non-GAAP net income totaled $10.2 million, or $0.33 per diluted share Balance sheet strengthens, with cash and cash

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Source: SEC EDGAR

accession 0001495320-23-000052

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