Sales and margins shrink at Vera Bradley

|About: Vera Bradley (VRA)|By:, SA News Editor

Vera Bradley (VRA) reports comparable-store sales fell 10.2% during FQ4.

E-commerce sales were off 7.2% for the period, a drop that can't be easily pinned on severe winter weather.

The company's gross profit rate fell 500 bps to 52.9% due to heavy inventory write-downs.

Guidance for FQ1 EPS is $0.11-$0.13 vs. $0.23 consensus.

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