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Oct 31, 2020
Vera Bradley Q3 2021 Earnings Report
Earnings significantly exceeded last year's performance due to expanded gross margin rate and diligently managed expenses.
Key Takeaways
Vera Bradley, Inc. reported consolidated net revenues of $124.8 million and GAAP EPS of $0.26 per diluted share for the third quarter of fiscal 2021. The company's digital competencies are becoming increasingly important, with e-commerce sales comprising over a third of total company revenues.
Quarterly earnings significantly exceeded last year’s performance and expectations.
Gross margin rate expanded primarily through sales of cotton masks and controlled promotional activity.
Expenses were diligently managed, achieving meaningful expense leverage.
Consolidated e-commerce business was very strong, reflecting growth from both Vera Bradley and Pura Vida.
Revenue by Segment
Forward Guidance
The Company is not providing forward-looking guidance due to the continued uncertainties surrounding COVID-19 make fourth quarter financial performance extremely difficult to predict.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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