Why Vera Bradley Stock Sank Today
Shares of Vera Bradley (NASDAQ: VRA) fell 19.3% on Wednesday, after the luggage and handbag specialist announced disappointing fiscal second-quarter results.
More specifically, Vera Bradley's quarterly revenue grew 5.4% year over year to $119.8 million -- or up 0.7% to $114.4 million if you exclude sales from its acquisition of Pura Vida in July -- translating to adjusted (non-GAAP) net income of $8.7 million, or $0.25 per share. Both the top and bottom lines arrived near the low ends of Vera Bradley's guidance, which called for earnings per share of $0.25 to $0.28 on revenue (excluding Pura Vida) ranging from $115 million to $120 million.
IMAGE SOURCE: GETTY IMAGES.
Source Fool.com
