Vera Bradley Hurt By Stubborn Macro Headwinds In Q2, Stock Plummets

Vera Bradley, Inc. (NASDAQ:VRA) shares are trading lower on Wednesday.

The company reported that the second quarter adjusted earnings per share was 13 cents, missing the street view of 21 cents. Quarterly revenues of $110.82 million missed the analyst consensus of $123.01 million.

“Our results for the period were also influenced by stubbornly persistent macro consumer headwinds that masked key successes across several areas of our business turnaround, as we registered top-line trends similar to the first quarter,” said Jackie Ardrey, Chief Executive Officer.

Vera Bradley Direct segment revenues totaled $72.2 million, a 15.7% decrease from $85.7 million ...