FORT WAYNE, Ind. - Vera Bradley , Inc. (NASDAQ:VRA) reported financial performance for the fourth quarter, with earnings falling short of analyst expectations but revenues nearly meeting projections. The company's stock fell 2% premarket following the announcement, indicating investor optimism about its return to profitability and future prospects.
For the fourth quarter, Vera Bradley posted earnings of $0.11 per share, which was below the analyst estimate of $0.15. Revenue for the quarter was $133.27 million, slightly missing the consensus estimate of $136.05 million.
Looking ahead, Vera Bradley provided guidance for fiscal year 2025, projecting earnings per share in the range of $0.54 to $0.62, which is below the analyst consensus of $0.70. The company anticipates revenues between $460 million and $480 million for the year, which also falls short of the expected $490.32 million.
Jackie Ardrey, CEO of Vera Bradley, expressed confidence in the company's strategic initiatives, stating, "We are pleased with the completion of the first full year of our turnaround story. We have improved discipline around gross margin management and cost control, which will continue. Our strategic efforts are focused on stabilizing and growing our sales base."
The company's focus on cost management and strategic planning, including Project Restoration, aims to position Vera Bradley for long-term, profitable growth. As the company navigates an uncertain retail climate, the strength of its balance sheet and the planned customer-facing changes through Project Restoration are expected to support its rebuilding efforts in the coming year.
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