Vera Bradley Reports 1Q Loss

ROANOKE, United States — Vera Bradley Inc. on Wednesday reported a fiscal first-quarter loss of $4.1 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Roanoke, Indiana-based company said it had a loss of 10 cents. Earnings, adjusted for restructuring costs, came to less than 1 cent on a per-share basis.

The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 2 cents per share.

The handbag and accessories company posted revenue of $101.1 million in the period, which also fell short of Street forecasts. Six analysts surveyed by Zacks expected $105.8 million.

For the current quarter ending in July, Vera Bradley said it expects revenue in the range of $116 million to $120 million. Analysts surveyed by Zacks had expected revenue of $122.7 million.

The company expects full-year earnings to be 64 cents to 74 cents per share, with revenue ranging from $480 million to $495 million.

Vera Bradley shares have fallen 31 percent since the beginning of the year. The stock has fallen 47 percent in the last 12 months.