Vera Bradley, Inc. Provides Consolidated Earnings Guidance for the Fiscal Year 2022
June 09, 2021 at 08:00 am EDT
Share
Vera Bradley, Inc. provided consolidated earnings guidance for the fiscal year 2022. For the period, the company expects consolidated net revenues to be between $555 million to $575 million. Consolidated operating income to be between $46 million to $53 million compared to $34.0 million in fiscal 2021. Consolidated diluted EPS to be between $0.85 to $1.00.
Vera Bradley, Inc. is a designer of women's handbags, luggage and other travel items, fashion, and home accessories. The Company operates through three segments: Vera Bradley Direct (VB Direct), Vera Bradley Indirect (VB Indirect), and Pura Vida. The VB Direct business consists of sales of Vera Bradley products through Vera Bradley full-line and factory outlet stores in the United States; e-commerce sites verabradley.com and verabradley.ca; the Vera Bradley online outlet site; and typically, the Vera Bradley annual outlet sale in Fort Wayne, Indiana. The VB Indirect business consists of sales of Vera Bradley products to, specialty retail locations, all of which are located in the United States; as well as department stores, national accounts, third-party e-commerce sites, and third-party inventory liquidators; and royalties recognized through licensing agreements related to the Vera Bradley brand. Its Pura Vida is a digitally native lifestyle brand.