Vera Bradley's (VRA) CEO Robert Wallstrom on Q3 2019 Results - Earnings Call Transcript

Dec. 12, 2018 2:30 PM ETVera Bradley, Inc. (VRA) StockVRA
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Vera Bradley (NASDAQ:VRA) Q3 2019 Earnings Conference Call December 12, 2018 9:30 AM ET

Executives

Robert Wallstrom - President and CEO
John Enwright - EVP and CFO
Mark Dely - CAO

Analysts

Mark Altschwager - Robert W. Baird
Steven Marotta - C.L. King & Associates
Oliver Chen - Cowen and Company

Operator

Good day, ladies and gentlemen, and welcome to the Vera Bradley Third Quarter Fiscal 2019 Earnings Call. Today's conference is being recorded.

At this time, I would like to turn the conference over to Mark Dely, Chief Administrative Officer. Please go ahead.

Mark Dely

Good morning and welcome everyone. We'd like to thank you for joining us for Vera Bradley's third quarter call. Some of the statements made on today's call during our prepared remarks and in response to your questions may constitute forward-looking statements made pursuant to and within the meaning of the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended.

Such forward-looking statements are subject to both known and unknown risks and uncertainties that could cause actual results to differ materially from those that we expect. Please refer to today's press release and the company's Form 10-K for the fiscal year ended February 3, 2018 filed with the SEC for a discussion of known risks and uncertainties. Investors should not assume that the statements made during the call will remain operative at a later time. The company undertakes no obligation to update any information discussed on the call.

I will now turn it over to Vera Bradley's CEO, Rob Wallstrom. Rob?

Robert Wallstrom

Thank you, Mark. Good morning everyone and thank you for joining us on today's call. John Enwright, our CFO also joins me today. During the quarter, we continued to successfully execute against our Vision 20/20 strategy, we lowered our clearance selling by over 70% and

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