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Aaron Spatz is the writer of SEC Live Filings Digest, detailing the news of companies trading on U.S. stock exchanges. The Filings Digest is but one component of the greater website SEC Live, which specializes in making SEC filings easy to read, research, navigate, and much more.
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  • Vera Bradley Earnings Decline 0 comments
    Jun 6, 2014 10:18 AM | about stocks: VRA

    Originally published at

    Vera Bradley, Inc. (NASDAQ:VRA) announced its financial results for the first fiscal quarter of 2014, reporting earnings that fell from a year ago. Earnings were $6.6M and $0.16 per share, down from $9.2M and $0.23 per share a year ago while net revenues fell from $123.0M to $113.5M. The women's handbags and accessories designer recently entered a five-year agreement with Mitsubishi Corporation and Look Inc. to sell products in Japan. Combining a 14.4% decline in store sales and a 3.2% decline in online sales, overall company comparable store sales decreased 9.4%. CEO Robert Wallstrom commented that the company continues to execute well but acknowledges that the environment is more difficult than it anticipated.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: VRA
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