Vera Bradley Q3 FY21 revenues down to $125 mn

Fashion

10 Dec `20

2 min read

Vera Bradley, a US-based leading designer of women’s handbags, fashion and home accessories, posted slight decrease its net revenues to $124.8 million during third quarter (Q3) FY21 ended on October 31 compared to $127.5 million in the same period previous fiscal. However, company’s net income in Q3 rose to $8.9 million (Q3 FY20: loss $0.9 million).

Vera Bradley, a US-based leading designer of women`s handbags, fashion and home accessories, posted slight decrease its net revenues to $124.8 million during third quarter (Q3) FY20 ended on October 31 compared to $127.5 million in the same period previous fiscal. However, company`s net income in Q3 rose to $8.9 million (Q3 FY19: loss $0.9 million).#

“Our quarterly earnings once again significantly exceeded last year’s performance as well as our expectations. Our consolidated e-commerce business was very strong in the third quarter, reflecting growth from both Vera Bradley and Pura Vida,” Rob Wallstrom, chief executive officer of Vera Bradley, said in a press release.

Vera Bradley, a US-based leading designer of women`s handbags, fashion and home accessories, posted slight decrease its net revenues to $124.8 million during third quarter (Q3) FY20 ended on October 31 compared to $127.5 million in the same period previous fiscal. However, company`s net income in Q3 rose to $8.9 million (Q3 FY19: loss $0.9 million).#

Gross profit during the quarter was $73.8 million ($67.8 million). Selling, general and administrative expenses were $61.7 million ($69.4 million). Operating income for Q3 FY21 increased to $12.1 million (loss: $1.4 million).

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