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January 15, 2013
16:34 EDTVRAVera Bradley raises Q4 EPS view to 56c-58c from 55c-57c, consensus 56c
Raises Q4 revenue to $149M-$154M from $147M-$152M, consensus $151.54M.
News For VRA From The Last 14 Days
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September 2, 2015
16:51 EDTVRAOn The Fly: Top stock stories for Wednesday
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12:22 EDTVRAOn The Fly: Top stock stories at midday
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11:07 EDTVRAVera Bradley surges on better-than-expected Q2 earnings, upbeat FY16 view
Shares of Vera Bradley (VRA) surged in morning trading after the company reported better-than-expected second quarter results and raised its outlook for fiscal year 2016. Vera Bradley is a designer of women's handbags, accessories, luggage and travel items and eyewear. WHAT'S NEW: Vera Bradley reported Q2 earnings per share from continuing operations of 15c on revenue of $120.7M, beating analysts' expectations of 11c and $114.99M, respectively. Same-store sales decreased 15% for the quarter, though Robert Wallstrom, the company's chief executive officer, said that the company's comparable sales trend began to improve toward the end of the quarter due to new product offerings, improved in-store execution and initial marketing efforts. Looking ahead, Vera Bradley forecast third quarter EPS from continuing operations of 19c-21c on revenue of $120M-$123M, against analysts' consensus estimates of 15c and $117.2M, respectively. Wallstrom said that the company's turnaround will take time, but noted "meaningful progress" being made, and that Vera Bradley is "confident" in its long-term strategic plan. WHAT'S NOTABLE: Vera Bradley raised its FY16 continuing operations EPS view to 72c-82c from 64c-74c, higher than analysts' expectations of 66c. Additionally, the company's FY16 revenue view was narrowed to $487M-$495M from $480M-$495M, still ahead of analysts' consensus estimates of $481.57M. On its Q2 earnings conference call, Vera Bradley forecast sees Q3 and FY16 same-store sales down in the low double-digit percentage range. The company added that it eliminated hyperpromotions and pared back promotional days in Q2 and noted that it is seeing "green shoots" from its turnaround efforts. Vera Bradley said it sees a decline in hyperpromotional activity in FY16. PRICE ACTION: Vera Bradley shares are up 23.49% to $12.88 in morning trading. OTHERS TO WATCH: Vera Bradley peers include Coach (COH), down 0.54%, Michael Kors (KORS), up 1.92%, and Fossil Group (FOSL), up 0.64%.
10:19 EDTVRAVera Bradley says seeing 'green shoots' from turnaround efforts
10:10 EDTVRAVera Bradley says expects to open less than 10 stores next year
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09:58 EDTVRAVera Bradley sees Q3, FY16 SSS down in low double digit percentage range
Says company still has a lot of work to do on turnaround. Says will take more time to return business to solid growth, but says gaining traction on efforts and seeing customer retention improve. Says eliminated hyperpromotions, pared back promotional days in Q2. Sees Q3 SSS down in low double digit percentage range including e-commerce, gross margin 56.8%-57.2%. Sees FY16 SSS down in low double digit percentage range, sees continued decline in hyperpromotional activity. Sees FY16 gross margin 56.2%-56.4%. Says taking an "active posture" on expense control. Sees net CapEx $31M for FY16. Sees dependence on cotton further reduced, says consumers "walking away" from cotton. Comments made on the Q2 earnings conference call. Vera Bradley is up 20.71% in morning trading to $12.56.
09:27 EDTVRAOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Vera Bradley (VRA), up 22.2%. ALSO HIGHER: Synergetics USA (SURG), up 51.7% after announcing that it will be acquired by Valeant (VRX) for $6.50 per share in cash... Loxo Oncology (LOXO), up 6.1% after the FDA grants orphan drug designation to LOXO-101. DOWN AFTER EARNINGS: Ambarella (AMBA), down 6.6% after reporting quarterly results and saying that wearable camera revenue will be lower in the third quarter. ALSO LOWER: GoPro (GPRO), down 5% following Ambarella's guidance announcement.
08:07 EDTVRAVera Bradley sees FY16 continuing ops EPS 72c-78c, consensus 66c
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08:06 EDTVRAVera Bradley sees Q3 continuing ops EPS 19c-21c, consensus 15c
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08:03 EDTVRAVera Bradley reports Q2 EPS 15c, consensus 11c
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September 1, 2015
15:02 EDTVRANotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include G-III Apparel (GIII), consensus 20c... Navistar (NAV), consensus 8c... Vera Bradley (VRA), consensus 11c.
05:46 EDTVRAVera Bradley volatility elevated into Q2 and outlook
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