Vera Bradley, Inc. updated earnings guidance for the fiscal year ending February 3, 2024. Based on performance for the first nine months, company initiatives underway, and current macroeconomic trends and expectations. The company has revised the guidance range for diluted earnings per share for the fiscal year.

For Fiscal 2024, the company?s updated expectations are as follows: Consolidated net revenues of $472 to $478 million. Net revenues totaled $500.0 million in Fiscal 2023. Consolidated operating income of $23.3 to $25.9 million compared to $12.3 million in Fiscal 2023.

Consolidated diluted EPS of $0.56 to $0.62 based on diluted weighted-average shares outstanding of approximately 31.0 million and an effective tax rate of approximately 28%. Diluted EPS totaled $0.24 last year.