Vera Bradley Tightens FY24 Revenue Outlook To $490M - $500M from $490M - $510M Vs. $498.11M Est.
Portfolio Pulse from Benzinga Newsdesk
Vera Bradley has revised its FY24 revenue outlook to $490M - $500M, down from the previous range of $490M - $510M. The new estimate is slightly below the market expectation of $498.11M.
August 30, 2023 | 12:05 pm
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NEGATIVE IMPACT
Vera Bradley's revised FY24 revenue outlook is slightly below market expectations, which could negatively impact the company's stock price in the short term.
Vera Bradley has lowered its FY24 revenue outlook, which is now below the market's expectations. This could lead to a negative sentiment among investors, potentially causing a short-term decrease in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100