Vera Bradley Inc. today reported 1 cent of profit for each basic share of its stock for the fiscal third quarter.
The retailer also reported net revenue of $114 million for the three months ended Oct. 28. That's a 10 percent decline from sales of almost $127 million for the same period of 2016.
Vera Bradley's reported net income plummeted by more than $8.4 million to $359,000 for the third quarter from $8.78 million for last year's third quarter.
Among the special charges for the most recent period were $3.7 million in store impairment, $1.8 million in severance and $1.5 million in strategic plan consulting fees. Amounts reflect after-tax totals.
The Fort Wayne company designs, makes and sells women's handbags, luggage, accessories and home decor items.
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