Vera Bradley Inc Issues Q2 2013 Guidance; EPS Guidance Below Analysts' Estimates; Lowers FY 2013 Revenue Guidance; Reaffirms FY 2013 EPS Guidance

Vera Bradley Inc announced that for the second quarter of 2013, it expects net revenues to be in a range of $121-$123 million and diluted earnings per share (EPS) is expected to be in a range of $0.34-$0.36. For fiscal 2013, it expects net revenues to be in a range of $535-$540 million, compared to previous guidance of $540-$545 million and diluted earnings per share are still expected to be in a range of $1.68 to $1.71. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report EPS of $0.38 on revenues of $123 for the second quarter of 2013; EPS of $1.71 on revenues of $545 for fiscal 2013.