Vera Bradley Q2 2021 Earnings Report
Key Takeaways
Vera Bradley, Inc. reported a 10% increase in total revenue for the second quarter, driven by the Pura Vida acquisition and strong e-commerce performance. The company's GAAP EPS was $0.42 per diluted share, and non-GAAP EPS was $0.32 per diluted share. The balance sheet remains strong, with cash, cash equivalents, and investments increasing year-over-year to $77.1 million.
Total revenue increased by 10.0%, influenced by the Pura Vida acquisition and robust Vera Bradley e-commerce sales.
GAAP EPS was $0.42 per diluted share, and non-GAAP EPS was $0.32 per diluted share, excluding certain items.
Gross margin rate significantly improved due to cotton mask sales, product collaborations, and inventory management.
Cash, cash equivalents, and investments increased year-over-year to $77.1 million, even after reducing borrowings.
Vera Bradley
Vera Bradley
Vera Bradley Revenue by Segment
Forward Guidance
Due to the uncertainties surrounding COVID-19, the Company is not providing forward-looking guidance.
Revenue & Expenses
Visualization of income flow from segment revenue to net income