Vera Bradley (NASDAQ:VRA) on Wednesday reports its second-quarter results into an uneven market for retailers, albeit the fashion stock most recently upgraded its own forecasts.
Retail earnings have been something of a mixed bag with premium luxury brands mostly finding favor but those more aligned to the mass market, and especially leisure apparel, have found it tough – not least the likes of Footlocker and Dick’s Sporting Goods.
Investors in bag and purse maker Vera Bradley (NASDAQ:VRA) will therefore be hoping for positive news.
At its last quarterly report, in June, Vera Bradley told investors that it expected to show an improved full year of trading as it upgraded its revenue forecast to a range of $490 million to $510 million (broadly in line with the $500 million achieved in 2022).
It highlighted, at that time, that it was seeing slightly improved profitability and said it expected to see better margins thanks to lower supply chain costs compared to last year, and, that its in-house cost-cutting was also a support.
Based on consensus Wall Street analyst forecasts Vera Bradley is expected to report $130.4 million of revenue for the second quarter, to generate 12 cents per share of earnings.
Vera Bradley is scheduled to report its second-quarter earnings before the market open on Wednesday 30 August.
