Vera Bradley Q3 revenues $115M (-7.3% YoY); GAAP EPS $0.16, non-GAAP $0.19; guides FY24 EPS $0.56-$0.62

Vera Bradley, Inc.

2024-Q3 EPS reported $0.31 revenue$337,521,000

Consolidated net revenues $115.0M vs $124.0M YoY; Vera Bradley Direct -9.7%, Vera Bradley Indirect +12%, Pura Vida -18.3%.
GAAP net income $5.1M ($0.16 diluted); non-GAAP net income $6.1M ($0.19 diluted) vs $6.3M ($0.20) last year.
Cash $52.3M, no debt on $75M ABL; inventory down 27.6% YoY to $129.1M.
FY24 guidance: net revs $472-$478M; gross margin 54-54.5%; diluted EPS $0.56-$0.62 (vs $0.24 in FY23).
Repurchased $0.5M in stock in Q3; $25.8M 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 1.0

Vera Bradley, Inc. reported the third quarter ended October 28, 2023 results: revenue $115.0 million, net income $5.1 million, or $0.16 per diluted share, EPS $0.16 per diluted share.

Period: the third quarter ended October 28, 2023
Revenue: $115.0 million
Net income: $5.1 million, or $0.16 per diluted share
EPS: $0.16 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 THIRD QUARTER FISCAL YEAR 2024 RESULTS Consolidated net revenues totaled $115.0 million Net income totaled $5.1 million, or $0.16 per diluted share; non-GAAP net income totaled $6.1 million, or $0.19 per diluted share Balance sheet strengthens, with cash and cash

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Source: SEC EDGAR

accession 0001495320-23-000061

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