Why Vera Bradley Stock Slumped 16% on Wednesday
Shareholders of Vera Bradley (NASDAQ: VRA) lost ground to the market on Wednesday, with the stock diving 16% by 11:45 a.m. EDT. The apparel and jewelry specialist sank after reporting its latest earnings results .
Image source: Getty Images.
The fiscal second-quarter results marked a welcome return to overall sales growth for the business, with revenue rising 7% compared to the same period in 2019. But trends were weaker than expected.
Source Fool.com
