NASDAQ$VRA

Vera Bradley Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Reported a net loss for the quarter and took proactive actions to address the COVID-19 crisis.

Vera Bradley, Inc. reported a decrease in consolidated net revenues by 23.9% to $69.3 million, which included $21.2 million from Pura Vida. The company experienced a net loss of $15.3 million, or $0.66 per diluted share, which included $5.1 million of net after-tax charges.

  • Consolidated net revenues totaled $69.3 million, a decrease of 23.9% over the prior year.
  • Vera Bradley net revenues totaled $48.1 million, a 47.2% decrease from the prior year.
  • Consolidated net loss totaled ($15.3) million, or ($0.66) per diluted share.
  • First quarter e-commerce sales included in Direct segment revenues increased 20.5% over last year.

Headline financials

Total Revenue

$69.3M

Previous: $91M-23.9%
EPS (adj)

-$0.31

Previous: -$0.07-342.9%
Capital Expenditures

-$2.24M

Previous: -$3.42M+34.6%
Free Cash Flow

-$17.6M

Previous: -$5.83M-201.7%
Net Income

-$15.3M

Previous: -$2.41M-537.7%
Operating Income

-$25.6M

Previous: -$3.65M-601.6%
Gross Profit

$34.2M

Previous: $50.5M-32.3%
Cash & Equivalents

$82.3M

Previous: $99.8M-17.5%
Total Assets

$551M

Previous: $464M+18.7%
Stock-Based Comp

$59K

Previous: $1.24M-95.2%

Revenue & EPS history

Vera Bradley · Revenue · Quarterly

$69.3M

Q1 2021-23.9%vs Q1 2020
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Revenue by segment

Vera Bradley · $48M total across 2 segments · Q1 2021

  • Direct
    $36.8M-48.2%
  • Indirect
    $11.2M-43.7%

Forward guidance

The uncertainties surrounding COVID-19 make Fiscal 2021 financial performance extremely difficult to predict. As a result, the Company is not providing forward-looking guidance.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

-0.6%

Avg return

Earnings day

-0.7%

Avg return

5 days after

-1.9%

Avg return

30 days after

40%

26 / 65 earnings

Positive

+36.9%

Q3 2016

Best reaction

-24.1%

Q4 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2027
Q4 2026+35.7%+31.3%+55.8%
Q3 2026-16.3%+0.9%+42.8%
Q2 2026-7.9%-9.2%-12.7%
Q1 2026-2.1%-10.0%-13.0%
Q4 2025-3.3%+0.7%-22.4%
Q3 2025-17.7%-26.0%-31.0%
Q2 2025-0.6%-1.4%+4.0%
Q1 2025-19.7%-22.6%-16.3%
Q4 2024-9.8%-13.6%-10.7%
Q3 2024+6.5%+5.9%+2.5%
Q2 2024+4.5%+5.5%-3.6%
Q1 2024+16.0%+12.6%+16.8%
Q4 2023+2.9%+3.3%+8.3%
Q3 2023+14.4%+19.7%+24.6%
Q2 2023-18.2%-21.6%-32.4%
Q1 2023-8.0%-22.5%-30.6%
Q4 2022+6.5%+8.0%+0.9%
Q3 2022-18.3%-16.0%-17.9%
Q2 2022-11.5%-11.2%-16.1%
Q1 2022-9.5%-7.0%-13.0%
Q4 2021+0.6%+5.6%+1.3%
Q3 2021-13.5%-10.7%-5.0%
Q2 2021+31.1%+40.3%+27.4%
Q1 2021+7.8%+21.7%-24.7%
Q4 2020-24.1%-37.9%-17.2%
Q3 2020-8.3%-7.8%-7.0%
Q2 2020-16.5%-14.2%-1.7%
Q1 2020-2.2%+0.7%+2.5%
Q4 2019+25.3%+21.5%+7.2%
Q3 2019-16.5%-17.6%-6.2%
Q2 2019+17.6%+17.3%-3.1%
Q1 2019+6.4%+5.4%+6.7%
Q4 2018-4.1%+2.7%+6.0%
Q3 2018+30.8%+35.8%+31.9%
Q2 2018-10.2%-9.7%-12.5%
Q1 2018+2.8%+1.4%+15.1%
Q4 2017-4.5%-1.9%-6.7%
Q3 2017-12.6%-16.0%-19.9%
Q2 2017+9.6%+11.4%+1.3%
Q1 2017-2.7%-2.9%-6.7%
Q4 2016+11.2%
Q3 2016+36.9%
Q2 2016+33.7%
Q1 2016-18.0%
Q4 2015-16.3%
Q3 2015+0.7%
Q2 2015+0.7%
Q1 2015-8.4%
Q4 2014+9.9%
Q3 2014-4.2%
Q2 2014-0.6%
Q1 2014-8.0%
Q4 2013-1.1%
Q3 2013-15.3%
Q2 2013-6.5%
Q1 2012+6.4%
Q1 2013-11.5%
Q1 2011-1.5%
Q4 2012-1.5%
Q4 2010-1.5%
Q3 2011-8.6%
Q3 2012-8.6%
Q2 2012+5.0%
Q4 2011+5.0%
Q2 2011+5.0%

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