The 10-second takeaway
For the quarter ended Feb. 2 (Q4), Vera Bradley beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased significantly. GAAP earnings per share grew significantly.
Margins grew across the board.
Vera Bradley booked revenue of $162.6 million. The seven analysts polled by S&P Capital IQ predicted revenue of $152.8 million on the same basis. GAAP reported sales were 21% higher than the prior-year quarter's $134.5 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.62. The 10 earnings estimates compiled by S&P Capital IQ averaged $0.57 per share. GAAP EPS of $0.62 for Q4 were 24% higher than the prior-year quarter's $0.50 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 57.9%, 150 basis points better than the prior-year quarter. Operating margin was 24.6%, 30 basis points better than the prior-year quarter. Net margin was 15.5%, 60 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $121.2 million. On the bottom line, the average EPS estimate is $0.23.
Next year's average estimate for revenue is $590.3 million. The average EPS estimate is $1.82.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 85 members out of 97 rating the stock outperform, and 12 members rating it underperform. Among 33 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 28 give Vera Bradley a green thumbs-up, and five give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Vera Bradley is outperform, with an average price target of $30.57.
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