Vera Bradley Tumbles Pre-Bell on Downbeat Q4


Vera Bradley tumbled in premarket trading on Wednesday after the designer of women’s handbags provided downbeat revenue guidance for the current quarter and full year, while reporting lower-than-expected profit and revenue for its most recent quarter. Shares dropped more than 19%.

The company anticipates Q4 revenue in the range of $135 million to $140 million, and full-year revenue in the range of $486 million to $491 million. Analysts had predicted $158.3 million and $512.4 million respectively, according to Capital IQ data.

Excluding items, EPS decreased to $0.20 in the period ended Oct. 29, from $0.27 in the prior-year period. That lagged behind the $0.22 average estimate of analysts polled by Capital IQ.

Q3 revenue totaled $126.7 million, flat with $126.7 million recorded in the prior-year quarter. That missed the analyst consensus of $129.2 million.