Vera Bradley posts marginal rise in Q2 revenues

Vera Bradley, Inc. consolidated net revenues for the second quarter totalled 119.8 million dollars, which included 5.4 million dollars of net revenues from Pura Vida. Excluding Pura Vida, Vera Bradley net revenues of 114.4 million dollars, rose 0.7 percent over the prior year second quarter, below the company’s guidance range of 115 to 120 million dollars. Vera Bradley’s comparable sales increased 2.1 percent. Consolidated net income for the quarter was 5.9 million dollars or 17 cents per diluted share, while on a non-GAAP basis, consolidated net income totalled 8.7 million dollars or 25 cents per diluted share. In a separate release, the company also announced a partnership with Warner Bros. Consumer Products (WBCP), to create an exclusive Vera Bradley + Harry Potter collection which will debut in 2020.