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Feb 01, 2020
Vera Bradley Q4 2020 Earnings Report
Vera Bradley's fourth quarter results reflected the Pura Vida acquisition, with consolidated revenues up 32.8% and Vera Bradley comparable sales growing 2.4%.
Key Takeaways
Vera Bradley, Inc. reported a strong fourth quarter with consolidated revenues increasing by 32.8% to $156.9 million, driven by the acquisition of Pura Vida. Vera Bradley comparable sales also grew by 2.4%.
Consolidated net revenues increased by 32.8% to $156.9 million, including $35.5 million from Pura Vida.
Vera Bradley comparable sales grew by 2.4% for the quarter.
Net income totaled $12.5 million, or $0.37 per diluted share, and non-GAAP net income totaled $14.3 million, or $0.42 per diluted share.
The company ended the fiscal year with a strong cash and investment position of $73.8 million and no debt.
Vera Bradley
Vera Bradley
Vera Bradley Revenue by Segment
Revenue by Segment
VB Direct Revenue
CapyFin.comVB Indirect Revenue
CapyFin.com Forward Guidance
For fiscal year 2021, the company expects consolidated net revenues of $555 to $585 million and diluted earnings per share of $0.93 to $1.08.
Positive Outlook
- Enhanced brand and customer engagement.
- Continued product innovation.
- Focus on operational excellence.
- Strong and unique culture.
- Improvement in sourcing and operational efficiencies as well as the inclusion of Pura Vida
Challenges Ahead
- Uncertainties in the global environment.
- Potential supply chain implications from Coronavirus (COVID-19).
- Potential revenue implications from Coronavirus (COVID-19).
- Difficulty in predicting Fiscal 2021 financial performance.
- Not providing quarterly guidance until more clarity on the situation.
Revenue & Expenses
Visualization of income flow from segment revenue to net income