Vera Bradley sales grow, IPO results in loss

East Allen Times:

Vera Bradley finished its fiscal third quarter — its first reporting period since it became a publicly traded company in October — with a loss of $200,000.

The Fort Wayne-based maker of handbags and other accessories took a one-time charge of $15.7 million related to restricted stock awards that vested upon the completion of the company’s initital public offering Oct. 21.

On an adjusted basis, excluding the charge, operating income would have been $15.5 million and earnings per share would have been 25 cents.

Revenues for the 2011 fiscal third quarter, which ended Oct. 30, increased 26 percent, to $91.6 million, the company reported late Tuesday.....