Vera Bradley up after beating quarterly estimates
BUZZ-Vera Bradley up after beating quarterly estimates ** Shares of luggage and handbag maker Vera Bradley VRA.O jump ~16% at $3.55 premarket
** Co beats second-quarter revenue and profit estimates, helped by growth in its direct-to-consumer business, driven by stronger online conversion, higher transaction values and back-to-school demand
** Reports Q2 net revenue of $71.6 million, beating analysts' estimates of $66 million - data compiled by LSEG
** Swings to profit, with quarterly adjusted EPS coming in at 11 cents, boosted by a $7.7 million tariff refund, compared with a 2-cent loss last year and expectations of an 8-cent loss
** Co reiterates FY27 sales and operating margin guidance
** Up to last close, stock up ~26% YTD
(Reporting by Shania S Thomas in Bengaluru)
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See all newsVera Bradley Inc reports results for the quarter ended July 31 - Earnings Summary
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Vera Bradley up after beating quarterly estimates