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Zacks' Bear Of The Day: Vera Bradley

Vera Bradley (VRA) is a designer, producer, marketer and retailer of stylish and functional accessories, including handbags, accessories, and travel and leisure items for women. It is well known for its stylish designs with distinctive and colorful fabrics and trims.

Founded over 30 years ago by Patricia R. Miller and Barbara Bradley, the company is now headquartered in Fort Wayne, Indiana. It started trading publicly on October 21, 2010. The company sells its products directly as well as through independent retailers and third party e-commerce sites.

Disappointing Quarterly Results and Guidance

On December 10, Vera Bradley announced financial results for its fiscal third quarter ended November 1. Net revenues for the quarter were $125.2 million - in the mid-range of guidance of $123 million to $128 million - but below street consensus. Gross profit totaled $65.8 million or 52.5% of net revenues, compared with $71.2 million or 55.2% of net… Read More …