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Vera Bradley +6% on improved margin outlook

Published 06/06/2018, 08:16 AM
© Reuters.  Vera Bradley +6% on improved margin outlook
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  • Vera Bradley (NASDAQ:VRA) shoots higher after the company issues full-year guidance ahead of expectations.
  • The retailer expects FY19 revenue of $405M to $422M vs. $405M to $425M prior and $411M consensus, as well as EPS of $0.40 to $0.50 vs. $0.35 to $0.45 prior and $0.42 consensus.
  • Margin rates are on the mend at Vera Bradley due to a lower level of clearance and more full-price selling.
  • Vera Bradley ended Q1 with cash if $132M and no debt.
  • Shares of Vera Bradley are up 6.35% premarket to $13.90.
  • Previously: Vera Bradley beats by $0.06, misses on revenue (June 6)
  • Now read: Steven Madden After Q1 - Positive Revenue Growth But Negative Margin Trends Will Remain


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