Attached files
| file | filename |
|---|---|
| 8-K/A - 8-K/A - Vera Bradley, Inc. | vra-q32015.htm |
Exhibit 99.1
Vera Bradley, Inc.
Supplemental Statements of Income Fiscal 20141
(in thousands, except per share amounts)
(unaudited)
Thirteen Weeks Ended | Fifty-Two Weeks Ended | |||||||||||||||||||
May 4, 2013 | August 3, 2013 | November 2, 2013 | February 1, 2014 | February 1, 2014 | ||||||||||||||||
Net revenues | $ | 121,559 | $ | 123,969 | $ | 128,949 | $ | 156,419 | $ | 530,896 | ||||||||||
Cost of sales | 54,085 | 53,105 | 57,710 | 73,784 | 238,683 | |||||||||||||||
Gross profit | 67,474 | 70,864 | 71,239 | 82,635 | 292,213 | |||||||||||||||
Selling, general, and administrative expenses | 54,015 | 47,111 | 47,565 | 52,540 | 201,232 | |||||||||||||||
Other income | 1,951 | 630 | 1,027 | 1,168 | 4,776 | |||||||||||||||
Operating income from continuing operations | 15,410 | 24,383 | 24,701 | 31,263 | 95,757 | |||||||||||||||
Interest expense, net | 204 | 127 | 139 | 101 | 571 | |||||||||||||||
Income from continuing operations before income taxes | 15,206 | 24,256 | 24,562 | 31,162 | 95,186 | |||||||||||||||
Income tax expense | 5,860 | 9,034 | 8,905 | 11,258 | 35,057 | |||||||||||||||
Income from continuing operations | 9,346 | 15,222 | 15,657 | 19,904 | 60,129 | |||||||||||||||
Discontinued operations, net of income taxes | (157 | ) | (271 | ) | (431 | ) | (458 | ) | (1,317 | ) | ||||||||||
Net income | $ | 9,189 | $ | 14,951 | $ | 15,226 | $ | 19,446 | $ | 58,812 | ||||||||||
Basic weighted-average shares outstanding | 40,580 | 40,603 | 40,605 | 40,606 | 40,599 | |||||||||||||||
Diluted weighted-average shares outstanding | 40,624 | 40,623 | 40,652 | 40,694 | 40,648 | |||||||||||||||
Net income (loss) per share - basic | ||||||||||||||||||||
Continuing operations | $ | 0.23 | $ | 0.37 | $ | 0.39 | $ | 0.49 | $ | 1.48 | ||||||||||
Discontinued operations | — | (0.01 | ) | (0.01 | ) | (0.01 | ) | (0.03 | ) | |||||||||||
Net income | $ | 0.23 | $ | 0.37 | $ | 0.37 | $ | 0.48 | $ | 1.45 | ||||||||||
Net income (loss) per share - diluted | ||||||||||||||||||||
Continuing operations | $ | 0.23 | $ | 0.37 | $ | 0.39 | $ | 0.49 | $ | 1.48 | ||||||||||
Discontinued operations | — | (0.01 | ) | (0.01 | ) | (0.01 | ) | (0.03 | ) | |||||||||||
Net income | $ | 0.23 | $ | 0.37 | $ | 0.37 | $ | 0.48 | $ | 1.45 | ||||||||||
1On June 4, 2014, the Company entered into a five-year agreement with Mitsubishi Corporation and Look Inc. to import and distribute Vera Bradley products in Japan. As a result of moving to this wholesale business model, the Company exited its direct retail business in Japan in the third quarter. The supplemental schedule provided above recasts the Company's four quarters and year-to-date fiscal 2014 income statements to present the Japan results as discontinued operations. | ||||||||||||||||||||