Vera Bradley, Inc. (Nasdaq:VRA) (“Vera Bradley” or the “Company”) announced its financial results for the fiscal third quarter and nine months ended October 29, 2016.
Summary of Financial Performance for the Third Quarter
Net revenues totaled $126.7 million for the third quarter ended October 29, 2016, flat with $126.7 million recorded in the third quarter ended October 31, 2015.
The Company posted net income of $8.8 million, or $0.24 per diluted share, for the current year third quarter. Those results included a benefit of $1.6 million, or $0.04 per share, for a federal income tax adjustment related to the release of certain income tax reserves no longer deemed necessary. Excluding these charges, the Company’s third quarter net income totaled $7.2 million, or $0.20 per diluted share. Net income totaled $10.3 million, or $0.27 per diluted share, in the prior year third quarter.
You can read the entire report at: http://investors.verabradley.com/releasedetail.cfm?releaseid=1003105