NASDAQ$VRA
Vera Bradley Inc · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
Vera Bradley's Q4 2022 results were announced, with consolidated net revenues increasing by 5.1% and net income totaling $5.2 million, or $0.15 per diluted share.
Vera Bradley, Inc. reported a 5.1% increase in consolidated net revenues for the fourth quarter, totaling $149.6 million. Net income for the quarter was $5.2 million, or $0.15 per diluted share, compared to $7.9 million, or $0.23 per diluted share, in the prior year. The balance sheet remains strong with cash and cash equivalents of $88.4 million and no debt.
- Consolidated net revenues increased by 5.1% to $149.6 million.
- Net income totaled $5.2 million, or $0.15 per diluted share.
- Non-GAAP net income totaled $5.7 million, or $0.17 per diluted share.
- The company ended the quarter with cash and cash equivalents of $88.4 million and no debt.
Headline financials
Revenue & EPS history
Vera Bradley · Revenue · Quarterly
$150M
Revenue by segment
Vera Bradley · $117M total across 2 segments · Q4 2022
- Direct$104M+12.3%88.9%
- Indirect$13M-14.5%11.1%
Forward guidance
For fiscal year 2023, the company expects consolidated net revenues of $555 to $575 million and diluted EPS of $0.57 to $0.67.
Tailwinds
- Consolidated net revenues of $555 to $575 million.
- Year-over-year Vera Bradley revenues are expected to grow in the low-to mid-single digit range.
- Pura Vida revenues are expected to be flat to up by low-single digits.
- Free cash flow of between $35 and $45 million.
- Consolidated gross profit percentage of 54.5% to 55.0%.
Headwinds
- Consolidated SG&A expense of $273 to $281 million.
- Consolidated operating income of $29.5 to $35.5 million.
- Net capital spending of approximately $10 to $12 million.
- Continued freight and digital marketing increases.
- No GSP benefit is included in gross margin 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 Q4 2022
-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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