secwatch.observer — SEC 8-K summary
======================================

Issuer:     Vera Bradley, Inc. (VRA)
CIK:        0001495320
Form:       8-K
Filed at:   2023-12-06T23:59:59+00:00
Accession:  0001495320-23-000061
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1495320/000149532023000061/0001495320-23-000061-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1495320/000149532023000061/vra-20231206.htm
  HTML page:      https://secwatch.observer/filing/0001495320-23-000061

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer