Vera Bradley Q1 Profit Beats Estimates - Quick Facts

(RTTNews) - Vera Bradley Inc. (VRA) reported that its first-quarter net income decreased to $6.6 million, or $0.16 per share, from $9.2 million, or $0.23 per share, prior year. Earnings per share from continuing operations was $0.17, compared to 0.23.

On average, ten analysts polled by Thomson Reuters expected the company to report profit per share of $0.13 for the quarter. Analysts' estimates typically exclude special items.

Net revenues totaled $113.5 million, compared to $123.0 million, prior year. The company said sales missed its guidance primarily due to lower than expected orders from the Indirect specialty retail partners, weaker than expected comparable store sales performance in the retail stores, and a shortfall at the annual outlet sale. Analysts expected revenue of $118.41 million for the quarter.

For the second quarter of fiscal 2015, the company expects: net revenues in the range of $113 million to $120 million, and earnings per share in the range of $0.18 to $0.20. Analysts expect the company to report second-quarter profit per share of $0.30 on revenue of $127.48 million.

For fiscal 2015, the company expects: net revenues in the range of $510 million to $530 million, and earnings per share from continuing operations in the range of $1.00 to $1.10. Analysts expect the company to report fiscal 2015 profit per share of $1.26 on revenue of $553.69 million.