Vera Bradley Sees FY25 EPS ~$0.10 Vs $0.35 Est.; Revenue $410M Vs $452.15M Est.
Portfolio Pulse from Benzinga Newsdesk
Vera Bradley has revised its fiscal year 2025 guidance, projecting EPS of $0.10, significantly below the $0.35 estimate, and revenue of $410 million, also below the $452.15 million estimate. The company anticipates a decrease in revenues and operating income compared to fiscal 2024, with a focus on cost reductions and new store openings.
September 11, 2024 | 12:08 pm
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Vera Bradley's fiscal year 2025 guidance shows a significant decrease in expected EPS and revenue compared to estimates, indicating potential challenges ahead. The company plans to open new stores and reduce costs to mitigate these impacts.
The guidance for FY25 shows a significant shortfall in both EPS and revenue compared to analyst estimates, which is likely to negatively impact the stock price in the short term. The company's strategy to open new stores and reduce costs may not be sufficient to offset the negative sentiment from the lower guidance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100