There's been a major selloff in Vera Bradley, Inc. (NASDAQ:VRA) shares in the week since it released its annual...
FORT WAYNE, Ind., May 12, 2020 -- Vera Bradley, Inc. (Nasdaq: VRA) (“Vera Bradley” or the “Company”) today announced that it plans to report results for the first quarter ended.
– “Mickey’s Colorful Garden” and “Mickey’s Colorful Meadow” debuted March 26 – – First time ever: Collection available on verabradley.com since fans are not able to visit.
Vera Bradley Inc. said Monday that it plans to reopen more than half of its stores by the end of May and nearly all of its stores by the end of June. Stores will require workers to wear masks and gloves, encourage social distancing and reduce operating hours, among other COVID-19 related measures. Stores have started doing business again as states begin the reopening process. Vera Bradley has taken into account consumer sentiment, workers' willingness to return to the job and store readiness when deciding to restart operations at a location, Chief Executive Rob Wallstrom said in a statement. Vera Bradley stock sank nearly 9% in Monday trading, and has fallen more than 61% over the last year. The S&P 500 index is up 1% for the past 12 months.
Q2 2018 Vera Bradley Inc Earnings Call
To the annoyance of some shareholders, Vera Bradley (NASDAQ:VRA) shares are down a considerable 34% in the last month...
GNC Holdings Inc. and Vera Bradley Inc. were the latest retailers to announce furloughs and other measures to shore up their balance sheets amid store shutdowns caused by novel-coronavirus pandemic. GNC Holdings said late Friday it was temporarily furloughing a "significant portion" of its store and corporate employees. Those workers will maintain health benefits through at least this month, the retailer said. GNC put in place a hiring freeze and cut merit raises, among other cost-cutting moves across its businesses except digital, it said. Also late Friday, Vera Bradley said it would furlough most of its store employees and "certain" corporate employees effective Monday "until it is considered safe and advisable to reopen our stores." Some of the company's distribution-center employees were furloughed last week. "Our furloughed associates remain valued members of our Vera Bradley family, and we look forward to calling them back to work as soon as possible," the luggage and handbags retailer said. The employees on furlough will have benefits for up to 12 weeks, the company said. Vera Bradley is also reducing salaries, including a 75% pay cut for Chief Executive Rob Wallstrom, and temporarily cutting 401(k) company matches as well as charity donation matches, among other moves. Shares of Vera Bradley were flat in the after-hours session after ending the trading day down 2.1%
Vera Bradley Inc. will furlough most store associates and some corporate employees, part of a plan the retailer says will protect its financial position, maximize liquidity and position the company for a strong reopening once the COVID-19 pandemic subsides. Before the furloughs, Vera Bradley (Nasdaq: VRA) sales associates had been on paid leave since March 19, when stores were closed. Last week, Vera Bradley announced it would shift some of its sewing operations to produce masks, scrubs and other healthcare items using fabric generally used to make handbags and accessories, the Fort Wayne New-Sentinel reported.
Vera Bradley, Inc. (VRA), a leading American bag and luggage company and iconic lifestyle brand, and Olympic Gold Medalist Shawn Johnson East have partnered to create a limited-edition capsule collection inspired by strong women everywhere. The Vera Bradley + Shawn Johnson collection includes a ReActive Deluxe Tote and ReActive Ditty Bag, each available in three colorways – Dark Blue Heather, Black, and Star Power, an exclusive pattern inspired by Shawn’s signature starry touch. An elevated extension of Vera Bradley’s ReActive sustainable product line made from recycled PET bottles, the consciously crafted bags are lightweight, durable and water-repellent.
Q4 2020 Vera Bradley Inc Earnings Call
"The physical health and financial well-being of our Associates and customers are our top priorities,” noted Rob Wallstrom, Chief Executive Officer of Vera Bradley. Effective at the end of day on March 18, 2020, all of Vera Bradley’s Full Line and Factory stores have been temporarily closed through April 2, 2020. Vera Bradley continues to serve its customers through its digital flagship, verabradley.com.
FORT WAYNE, Ind., March 16, 2020 -- Vera Bradley, Inc. (NASDAQ: VRA; “Vera Bradley” or the “Company”), a leading American bag and luggage company and iconic lifestyle brand,.
Vera Bradley (VRA) delivered earnings and revenue surprises of -19.23% and -1.62%, respectively, for the quarter ended January 2020. Do the numbers hold clues to what lies ahead for the stock?
Vera Bradley, Inc. (NASDAQ: VRA; “Vera Bradley” or the “Company”), a leading American bag and luggage company and iconic lifestyle brand, today announced it has designed a custom Plush Throw Blanket in recognition of World Autism Month. For every purchase of a Vera Bradley Plush Throw Blanket in Garden Grove Blue from April 1, 2020 through April 30, 2020, the Company will donate 20% of the purchase price – with a minimum total donation of $25,000 – to Autism Speaks, an organization dedicated to promoting solutions, across the spectrum and throughout the life span, for the needs of people with autism and their families.
Shares of Vera Bradley (NASDAQ:VRA) moved higher by 8.45% to $5.85 after the company reported Q4 results.Quarterly Results • Earnings per share were up 27.27% over the past year to $0.42, which missed the estimate of $0.52.• Revenue of $156,923,000 rose by 32.77% year over year, which missed the estimate of $160,400,000.Guidance • QFull year 20201 revenue expected to be between $555,000,000 and $585,000,000.How To Listen To The Conference Call • Webcast URL: https://edge.media-server.com/mmc/p/nartha39Price Action • 52-week high: $14.51View more earnings on VRA• 52-week low was at $6.17• Price action over last quarter: Up 46.96%Company Description Vera Bradley Inc designs women's handbags, travel items, and accessories. Each category comprises a substantial component of total sales, with the bags category comprising the most. Most of the company's sales are made directly to customers through Vera Bradley's retail stores and e-commerce sites. The company also has a substantial wholesale business selling to specialty retail and department stores. Almost all company sales are in the United States. Vera Bradley uses third-party manufacturers in Asia to produce its product, and the company distributes the product through its distribution center in Indiana.See more from Benzinga * 20 Consumer Cyclical Stocks Moving In Tuesday's Session(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
“I want to thank two of our valuable board members who are retiring in June – Richard Baum and Matt McEvoy – and of course Vera Bradley’s co-founder Pat Miller who retired from the board in August 2019,” noted Robert Wallstrom, CEO of Vera Bradley. “All three have made an indelible impact on Vera Bradley, and we are very thankful for their leadership and counsel over the years.”
“We are excited to welcome our customers back into our stores,” added Wallstrom. “Last week, we opened two Full Line and five Factory locations, and look forward to opening many more over the next few weeks.”
The Vera Bradley Foundation for Breast Cancer (the “Foundation”) has announced the cancellation of its “Turn the Town Pink” campaign, scheduled for the month of May 2020, as well as its annual signature event, the Vera Bradley Foundation for Breast Cancer Classic (the “Classic”), scheduled for May 28 through June 1, 2020, due to COVID-19 concerns. As a result, we have made the difficult decision to cancel ‘Turn the Town Pink’ and our annual Classic event. “We remain just as determined as ever to eradicate the terrible disease of breast cancer and are so grateful for all who support us in our efforts, day-in and day-out,” Houk continued.
Cowen analyst Oliver Chen evaluated the 13 retail stocks his firm rates at Outperform to see which are most likely to be the winners if the coronavirus triggers a recession.
Vera Bradley (VRA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.