US handbag designer Vera Bradley reports a Q2 revenue of $ 147 mn

Vera Bradley, a number one US designer of women’s handbags, fashion and residential accessories, sent 11.6 percent of revenue up to $ 147.0 million in its second quarter (Q2) of FY22 ending July 31, 2021, compared to $ 131.8 million within the corresponding period of the previous financial period. Quarterly revenue increased to $ 9.8 million (Q2 FY21: $ 8.3 million).

“The second quarter of Vera Bradley’s product revenues continued to boost as customers answer product innovations, stores are fully operational, and sales of travel-related products have increased, despite commemorating the strongest mask sales since last year,” Rob Wallstrom, chief executive Vera Bradley, told reporters.

Vera Bradley’s direct income over a three-month period increased by 19.6% to $ 97.1 million compared to the identical period of ultimate income ending Lammas, 2020. However, Vera Bradley’s indirect income decreased slightly by 5.1 percent to $ 5 million. – $ 16.8, which indicates a decrease in orders associated with low volume sales of the mask, which is slightly offset by special returns and key account orders in some product categories that were negatively stricken by COVID-19 last year. additionally, the revenue of the Pura Vida segment reached $ 33.1 million.

The company’s net during the Q2 FY22 improved slightly to $ 80.4 million. On the opposite hand, operating revenue decreased from $ 17.5 million in Q2 FY21 to $ 12.5 million over the amount reported.

According to FY22, the American cargo company said it expected revenue to be between $ 550- $ 565 million compared to $ 468.3 million within the 2021 year.

“With our good performance within the half-moon of the fiscal year, the 2022 year began, with annual profits up to now before last year and even before the 2020 year, before the epidemic,” Wallstrom said. “We recognize that we are going to still face some hurricanes and seasonal uncertainties, but we also know that both of our species have great potential for future growth, additionally to key production sectors. We are on the right track and remain committed to our vision of being a goal-driven, multidisciplinary sector, a fast-growing company. ”

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