Why Vera Bradley Shares Are Sliding Today
Vera Bradley Inc (NASDAQ:VRA) reported a first-quarter FY23 sales decline of 9.7% year-on-year to $98.46 million, missing the consensus of $109.87 million. Adjusted EPS loss of $(0.19) missed the analyst consensus of $(0.16). The gross margin contracted 90 basis points Y/Y to 53.3%. The operating loss for the quarter widened to $(8.2) million.…
Benzinga ·
Benzinga
