Trade Vera Bradley Inc - VRA CFD

About Vera Bradley, Inc.

Vera Bradley, Inc. is a designer of women's handbags, luggage and other travel items, fashion and home accessories, and gifts. It operates through three segments: Vera Bradley Direct (VB Direct), Vera Bradley Indirect (VB Indirect), and Pura Vida. The VB Direct segment consists of sales of Vera Bradley products through Vera Bradley full-line and factory outlet stores in the United States; verabradley.com; the Vera Bradley outlet site; and the Vera Bradley annual outlet sale in Fort Wayne, Indiana. It operates 72 full-line stores and 75 factory outlet stores. The VB Indirect segment consists of sales of Vera Bradley products to approximately 2,000 specialty retail locations, department stores, national accounts, third-party e-commerce sites, and third-party inventory liquidators. Pura Vida segment operates through the Pura Vida websites, www.puravidabracelets.com, www.puravidabracelets.eu, and www.puravidabracelets.ca, and distributes Pura Vida-branded products to wholesale retailers.

Financial summary

BRIEF: For the fiscal year ended 29 January 2022, Vera Bradley, Inc. revenues increased 15% to $540.5M. Net income before extraordinary items increased from $5.9M to $17.8M. Revenues reflect Retail Sales Direct increase of 23% to $354.9M. Net income benefited from Interest (income) expense, net decrease of 78% to $263K (expense). Basic Earnings per Share excluding Extraordinary Items increased from $0.18 to $0.53.

Equity composition

Common Stock, no Par, 03/11, 200M auth., 40,506,670 issd. Insiders own 50.77%. IPO:TBA