NASDAQ$VRA
Vera Bradley Inc · Q4 2021 earnings
Q4 2021 earnings · · Investor relations
Briefing
Announced results for the fourth quarter and fiscal year ended January 30, 2021.
Vera Bradley, Inc. reported consolidated net revenues of $142.4 million for the fourth quarter, compared to $156.9 million in the prior year. Consolidated net income totaled $7.9 million, or $0.23 per diluted share, compared to $12.5 million, or $0.37 per diluted share in the prior year.
- Consolidated net revenues totaled $142.4 million compared to $156.9 million in the prior year fourth quarter.
- Consolidated net income totaled $7.9 million, or $0.23 per diluted share.
- On a non-GAAP basis, consolidated net income for the current fourth quarter totaled $10.5 million, or $0.31 per diluted share.
- The company expects total revenues to grow 17% to 23% over Fiscal 2021 and 11% to 16% over Fiscal 2020.
Headline financials
Revenue & EPS history
Vera Bradley · Revenue · Quarterly
$142M
Revenue by segment
Vera Bradley · $108M total across 2 segments · Q4 2021
- Direct$93M-10.2%86.0%
- Indirect$15.2M-14.6%14.0%
Forward guidance
Management expects store traffic and revenue to improve in the second half of the year as vaccines become more widely available. For Fiscal 2022, the Company’s expectations are as follows:
Tailwinds
- Consolidated net revenues of $550 to $575 million.
- Year-over-year Pura Vida revenues are expected to grow between 20% and 30%, and Vera Bradley revenues are expected to grow between 15% and 20%.
- Free cash flow of between $50 and $55 million.
- Consolidated operating income of $44 to $49 million compared to $34.0 million in Fiscal 2021.
- Consolidated diluted EPS of $0.80 to $0.90 based on diluted weighted-average shares outstanding of 34.6 million and an effective tax rate of between 23.0 and 24.0%.
Headwinds
- The uncertainties surrounding the continuing effects of COVID-19 on the retail environment make future financial performance extremely difficult to predict.
- A consolidated gross profit percentage of 56.0% to 57.0% compared to 57.0% in Fiscal 2021.
- The potential rate decline relates to an abatement in mask penetration in Fiscal 2022 coupled with incremental costs for inbound and outbound freight expense.
- Consolidated SG&A expense of $270 to $276 million compared to $233.0 million in Fiscal 2021.
- Net capital spending of approximately $8 to $10 million compared to $5.7 million in the prior year, reflecting investments associated with new factory locations and technology and logistics enhancements.
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 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
| Quarter | Report date | Reaction (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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