NASDAQ$VRA

Vera Bradley Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Vera Bradley's fourth quarter results reflected the Pura Vida acquisition, with consolidated revenues up 32.8% and Vera Bradley comparable sales growing 2.4%.

Vera Bradley, Inc. reported a strong fourth quarter with consolidated revenues increasing by 32.8% to $156.9 million, driven by the acquisition of Pura Vida. Vera Bradley comparable sales also grew by 2.4%.

  • Consolidated net revenues increased by 32.8% to $156.9 million, including $35.5 million from Pura Vida.
  • Vera Bradley comparable sales grew by 2.4% for the quarter.
  • Net income totaled $12.5 million, or $0.37 per diluted share, and non-GAAP net income totaled $14.3 million, or $0.42 per diluted share.
  • The company ended the fiscal year with a strong cash and investment position of $73.8 million and no debt.

Headline financials

Total Revenue

$157M

Previous: $118M+32.8%
EPS (adj)

$0.42

Previous: $0.33+27.3%
Direct comparable sales growth

2.4%

Previous: 0.0%
Capital Expenditures

$1.89M

Previous: $1.54M+22.6%
Free Cash Flow

$28M

Previous: $30.4M-8.1%
Net Income

$12.5M

Previous: $8.62M+45.0%
Operating Income

$17.2M

Previous: $11.7M+48.0%
Gross Profit

$86.1M

Previous: $67.1M+28.4%
Cash & Equivalents

$49.9M

Previous: $113M-56.0%
Total Assets

$535M

Previous: $362M+47.7%
Stock-Based Comp

$1.91M

Previous: $1.23M+55.1%

Revenue & EPS history

Vera Bradley · Revenue · Quarterly

$157M

Q4 2020+32.8%vs Q4 2019
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Revenue by segment

Vera Bradley · $121M total across 2 segments · Q4 2020

  • Direct
    $104M+5.7%
  • Indirect
    $17.8M-11.9%

Forward guidance

For fiscal year 2021, the company expects consolidated net revenues of $555 to $585 million and diluted earnings per share of $0.93 to $1.08.

Tailwinds

  • Enhanced brand and customer engagement.
  • Continued product innovation.
  • Focus on operational excellence.
  • Strong and unique culture.
  • Improvement in sourcing and operational efficiencies as well as the inclusion of Pura Vida

Headwinds

  • Uncertainties in the global environment.
  • Potential supply chain implications from Coronavirus (COVID-19).
  • Potential revenue implications from Coronavirus (COVID-19).
  • Difficulty in predicting Fiscal 2021 financial performance.
  • Not providing quarterly guidance until more clarity on the situation.

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 Q4 2020

Historical avgQ4 2020

-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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro