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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.
Revenue by Segment
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
Historical Earnings Impact
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Avg. Return Before/After Earnings
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