The good news is that Vera Bradley cell phone case Inc. continues to a profitable company.
The bad media news release reported today is that the Fort Wayne-based maker of handbags, luggage and parts made only half the amount of make online profits during the quarter ended Aug. three as it did during the comparable 13-week period of 2013.
Vera Bradley iPhone cases released fiscal second-quarter earnings of $7. 6 million, or 19 dollars per diluted share, a forty nine percent drop from the $15. zero million, or 37 cents a nice share, posted for last year's second quarter.
Net revenues dropped solitary slightly – 4 percent ~ during the quarter to $120 poids.
Vera Bradley has struggled recently quarters to remake itself after hiring experienced executives. The company adds more high-end options to the company's handbag selection while also paring down the number of styles and cloth, officials have said.
The directors have actually authorized management to spend up to $30 million of available cash to buy once again Vera Bradley common shares by way of October 2016.
For more on this plot, see Thursday's print edition from the Journal Gazette or go to www.journalgazette.net after 3 a. m. Thanksgiving.
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