Loading...
•
Jan 29, 2022
Vera Bradley Q4 2022 Earnings Report
Vera Bradley's Q4 2022 results were announced, with consolidated net revenues increasing by 5.1% and net income totaling $5.2 million, or $0.15 per diluted share.
Key Takeaways
Vera Bradley, Inc. reported a 5.1% increase in consolidated net revenues for the fourth quarter, totaling $149.6 million. Net income for the quarter was $5.2 million, or $0.15 per diluted share, compared to $7.9 million, or $0.23 per diluted share, in the prior year. The balance sheet remains strong with cash and cash equivalents of $88.4 million and no debt.
Consolidated net revenues increased by 5.1% to $149.6 million.
Net income totaled $5.2 million, or $0.15 per diluted share.
Non-GAAP net income totaled $5.7 million, or $0.17 per diluted share.
The company ended the quarter with cash and cash equivalents of $88.4 million and no debt.
Revenue by Segment
Forward Guidance
For fiscal year 2023, the company expects consolidated net revenues of $555 to $575 million and diluted EPS of $0.57 to $0.67.
Positive Outlook
- Consolidated net revenues of $555 to $575 million.
- Year-over-year Vera Bradley revenues are expected to grow in the low-to mid-single digit range.
- Pura Vida revenues are expected to be flat to up by low-single digits.
- Free cash flow of between $35 and $45 million.
- Consolidated gross profit percentage of 54.5% to 55.0%.
Challenges Ahead
- Consolidated SG&A expense of $273 to $281 million.
- Consolidated operating income of $29.5 to $35.5 million.
- Net capital spending of approximately $10 to $12 million.
- Continued freight and digital marketing increases.
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
Loading earnings performance data...
Loading earnings reaction data...