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Vera Bradley, Inc. (NASDAQ:VRA) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Vera Bradley, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 24% to $0.62 in the quarter versus EPS of $0.50 in the year-earlier quarter.
Revenue: Rose 20.87% to $162.6 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Vera Bradley, Inc. reported adjusted EPS income of $0.62 per share. By that measure, the company beat the mean analyst estimate of $0.57. It beat the average revenue estimate of $153.18 million.
Quoting Management: “Fiscal 2013 represents another outstanding year for Vera Bradley, as reflected in our record-setting fourth quarter and full year results, particularly in the midst of a difficult consumer environment,” said Michael C. Ray, Very Bradley’s Chief Executive Officer. “Despite current headwinds, I feel confident in our team’s ability to deliver on our fiscal 2014 priorities. With our 30-year track record of success, we have a solid foundation and strategies in place to achieve our long-term growth objectives.”
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