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BRIEF-Vera Bradley announces Q2 GAAP earnings per share $0.06
August 30, 2017 / 12:09 PM / 20 days ago

BRIEF-Vera Bradley announces Q2 GAAP earnings per share $0.06

Aug 30 (Reuters) - Vera Bradley Inc

* Vera Bradley announces fiscal second quarter 2018 results

* Q2 GAAP earnings per share $0.06

* Q2 earnings per share view $0.10 -- Thomson Reuters I/B/E/S

* Sees Q3 2018 earnings per share $0.13 to $0.15

* Q2 non-GAAP earnings per share $0.13 excluding items

* Q2 revenue $112.4 million versus I/B/E/S view $111.7 million

* Vera Bradley Inc - Management narrows guidance range for balance of year

* Vera Bradley Inc says ‍company announces its vision 20/20 plan for future​

* Vera Bradley Inc says ‍streamlining current product offerings by eliminating unproductive or incongruent categories and skus from assortment​

* Vera Bradley Inc says ‍majority of product and pricing initiatives will not be implemented until fiscal 2019​

* “Although comparable sales trends improved over those in Q1, challenges in retail environment continued into Q2 ”

* Vera Bradley Inc says ‍expects annualized revenues will be negatively impacted by vision 20/20​ initiatives by $40 million to $60 million in fiscal 2019

* Vera Bradley - Under vision 20/20 plan will significantly reduce amount of clearance products on verabradley.com and in full-line stores

* Vera Bradley Inc sees Q3 ‍net revenues of $112 million to $117 million​

* Vera Bradley Inc - Qtrly comparable sales (including e-commerce) decreased 4.3%

* Comparable sales (including e-commerce) decreased 4.3% for quarter

* Vera Bradley Inc sees ‍inventory of $100 million to $110 million at end of Q3​

* Vera Bradley Inc sees FY 2018 ‍net revenues of $460 million to $470 million​

* Vera Bradley Inc sees FY 2018 ‍$0.44 to $0.50​

* Vera Bradley Inc - Qtrly comparable sales dip reflecting a 4.0% decline in comparable store sales and a 4.9% decrease in e-commerce sales

* Q3 earnings per share view $0.16, revenue view $119.9 million -- Thomson Reuters I/B/E/S

* FY2018 earnings per share view $0.44, revenue view $463.5 million -- Thomson Reuters I/B/E/S Source text for Eikon: Further company coverage:

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