Vera Bradley revenues jump 10% to $132 mn in Q2 FY20

Fashion

10 Sep `20

2 min read

Vera Bradley, a leading designer of women’s handbags, fashion and home accessories, has posted 10 per cent revenues increase to $131.8 million in its second quarter (Q2) FY20 that ended on August 1, 2020 compared to revenues of $ $119.8 million in the same period previous fiscal. Company’s net income for Q2 FY20 rose to $8.3 million (Q2 FY19: $5.7 million).

Vera Bradley, a leading designer of women`s handbags, fashion and home accessories, has posted 10 per cent revenues increase to $131.8 million in its second quarter (Q2) FY20 that ended on August 1, 2020 compared to revenues of $ $119.8 million in the same period previous fiscal. Company`s net income for Q2 FY20 rose to $8.3 million (Q2 FY19: $5.7 million).#

“I am extremely pleased with our second quarter results, which significantly exceeded our expectations and last year’s performance, despite facing the headwinds of Covid-19,” Rob Wallstrom, chief executive officer at Vera Bradley, said in a press release. “Total company year-over-year second quarter revenues were driven by the addition of Pura Vida for a full quarter and Vera Bradley e-commerce sales doubling, partially offset by a decrease in Vera Bradley store revenues due to Covid-19-related closures for a portion of the quarter.”

Vera Bradley, a leading designer of women`s handbags, fashion and home accessories, has posted 10 per cent revenues increase to $131.8 million in its second quarter (Q2) FY20 that ended on August 1, 2020 compared to revenues of $ $119.8 million in the same period previous fiscal. Company`s net income for Q2 FY20 rose to $8.3 million (Q2 FY19: $5.7 million).#

Gross profit for the quarter was $79.6 million ($67.3 million). Selling, general, and administrative expenses were $62.1 million ($60.7 million). Company’s operating income rose to $17.4 million ($7.3 million).

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