Vera Bradley Inc (VRA)

[EZ2]

VRA....highlights:

Vera Bradley Announces Fourth Quarter and Fiscal Year 2011 Financial Results

03/15 04:00 PM



FORT WAYNE, Ind., March 15, 2011 (GLOBE NEWSWIRE) -- Vera Bradley, Inc. (VRA:$33.61,00$-0.25,00-0.74%) today announced its financial results for the fourth quarter and fiscal year ended January 29, 2011.

Fourth Quarter Highlights

Net revenues increased 29% to $109.4 million, with Indirect net revenues increasing 6% and Direct net revenues rising 61%, including an increase of 22.1% in comparable-store sales.

Operating income grew 48% to $26.5 million, or 24% of net revenues, compared to $18.0 million, or 21% of net revenues, in the fourth quarter of fiscal 2010.

On a GAAP basis, diluted EPS was $0.35 for the quarter, compared to $0.49 for the same quarter of the prior year.

On an adjusted basis, diluted EPS was $0.39 for the quarter, compared to $0.30 for the same quarter of the prior year.