Vera Bradley Announces Earnings Results for FY2024 Q2 as of July 31, 2023
September 6, 2023
🌥️Earnings Overview
On August 30, 2023, VERA BRADLEY ($NASDAQ:VRA) announced their financial results for the second quarter of their FY2024, with the period ending July 31, 2023. For this quarter, total revenue came in at USD 128.2 million, representing a 1.7% decrease from the same quarter of the previous year. However, net income increased by 131.1% year-over-year to USD 9.2 million.
Market Price
On Wednesday, VERA BRADLEY announced its earnings report for the second quarter of fiscal year 2024, as of July 31, 2023. The stock opened at $7.0 and closed at $7.0, up by 2.8% from its prior closing price of $6.9. This quarter marked a significant improvement in the company’s financial performance compared to the same period last year.
The positive earnings report offered investors confidence in VERA BRADLEY’s future prospects, and helped to boost its stock. The stock has seen a steady upward trend since the beginning of the year, and the latest results are likely to further contribute to that trend. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Vera Bradley. More…
| Total Revenues | Net Income | Net Margin |
| 493.67 | -18.42 | 3.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Vera Bradley. More…
| Operations | Investing | Financing |
| 29.67 | -15.57 | -3.96 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Vera Bradley. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 391.5 | 134.98 | 8.3 |
Key Ratios Snapshot
Some of the financial key ratios for Vera Bradley are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 0.6% | -30.5% | -7.6% |
| FCF Margin | ROE | ROA |
| 4.9% | -9.3% | -6.0% |
Analysis
At GoodWhale, we make it easy to analyze the fundamentals of a company, like VERA BRADLEY, before making an investment. We offer a risk rating that takes into account the financial and business aspects of a company. For VERA BRADLEY, our system has classified the company as low risk. That means you can move forward with confidence knowing that the company is a good investment based on its fundamentals. However, you should also be aware that our system has detected one potential risk warning in the company’s balance sheet. If you register with us, we can give you more information about this warning so you can make an informed decision about whether or not to invest. More…
Peers
The competition between Vera Bradley Inc and its competitors, Puma SE, Deckers Outdoor Corp, and C Banner International Holdings Ltd, is fierce. All four companies are vying for a share of the global market in the fashion and accessories industry, offering unique products and designs that appeal to different consumer segments. Despite the intense competition, Vera Bradley Inc has managed to stand out and become one of the leading players in the industry.
– Puma SE ($LTS:0NQE)
Puma SE is a leading sports apparel and lifestyle brand that designs and manufactures products for professional athletes and everyday consumers. The company has a market cap of 8.14B as of 2022, reflecting the strong financial performance of the company. Puma SE also has an impressive Return on Equity (ROE) of 17.11%, demonstrating the company’s ability to generate profit from its investments. This indicates that the company is making effective use of its resources, and has strong prospects for future growth. With its strong financial performance, Puma SE is well-positioned to continue its success in the global market.
– Deckers Outdoor Corp ($NYSE:DECK)
Deckers Outdoor Corp is a global leader in designing and marketing lifestyle footwear, apparel, and accessories. Founded in 1973, Deckers Outdoor is headquartered in Goleta, California and has achieved a market cap of 10.35 billion as of 2022. Additionally, the company has a Return on Equity of 23.76% which reflects the company’s financial health and ability to generate profits from its shareholders’ investments. Deckers Outdoor Corp has become a leading designer and marketer of lifestyle footwear, apparel, and accessories for both men and women. The company has established a strong presence in the U.S. and International markets and is poised for continued growth.
– C Banner International Holdings Ltd ($SEHK:01028)
Banner International Holdings Ltd is a Hong Kong-based investment holding company that operates in the property and hotel industry. The company’s market cap of 386.32M as of 2022 reflects the impressive financial performance and growth potential it has demonstrated in recent years. Banner International Holdings Ltd has also demonstrated strong Return on Equity (ROE) of 0.93%, indicating that the company is using its assets and equity efficiently to generate profits and returns for its shareholders.
Summary
Investors should be encouraged by the latest earnings report from VERA BRADLEY. Total revenue for Q2 FY2024 decreased slightly compared to the same period last year, but net income rose dramatically by 131.1%. This suggests that the company’s cost-cutting efforts are paying off and that the business is becoming more profitable.
Furthermore, VERA BRADLEY’s cash flow and balance sheet remain strong, indicating the potential for future growth. With these positive developments, VERA BRADLEY is proving itself to be a solid investment opportunity.
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