Vera Bradley: Fiscal 1Q Earnings Snapshot
ROANOKE, Ind. (AP) _ Vera Bradley Inc. (VRA) on Wednesday reported a loss of $2.4 million in its fiscal first quarter.
The Roanoke, Indiana-based company said it had a loss of 7 cents per share.
The handbag and accessories company posted revenue of $91 million in the period.
For the current quarter ending in August, Vera Bradley said it expects revenue in the range of $115 million to $120 million. Analysts surveyed by Zacks had expected revenue of $87.3 million.
The company expects full-year earnings to be 67 cents to 74 cents per share, with revenue ranging from $425 million to $440 million.
Vera Bradley shares have increased 30% since the beginning of the year. The stock has declined 13% in the last 12 months.