Vera Bradley Q1 Adj $(0.21) Down From $(0.09) YoY, Sales $80.60M Miss $90.39M Estimate
Portfolio Pulse from Benzinga Newsdesk
Vera Bradley (NASDAQ:VRA) reported a significant decline in its Q1 financial performance, with adjusted losses widening to $(0.21) per share from $(0.09) per share year-over-year. The company's sales also fell short of expectations, coming in at $80.60 million, missing the $90.39 million estimate and representing a 14.58% decrease from the same period last year.
June 12, 2024 | 12:02 pm
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Vera Bradley reported a significant decline in Q1 performance, with adjusted losses widening to $(0.21) per share and sales missing estimates by 10.83%. This is likely to negatively impact the stock price in the short term.
The significant widening of losses and the substantial miss on sales estimates are likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100