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Vera Bradley's cost of goods sold for the three months ended in Jan. 2024 was $63.6 Mil. Its cost of goods sold for the trailing twelve months (TTM) ended in Jan. 2024 was $214.4 Mil.
Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Vera Bradley's Gross Margin % for the three months ended in Jan. 2024 was 52.26%.
Cost of Goods Sold is also directly linked to Inventory Turnover. Vera Bradley's Inventory Turnover for the three months ended in Jan. 2024 was 0.51.
The historical data trend for Vera Bradley's Cost of Goods Sold can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Vera Bradley Annual Data | |||||||||||||||||||||
Trend | Jan15 | Jan16 | Jan17 | Jan18 | Jan19 | Jan20 | Jan21 | Jan22 | Jan23 | Jan24 | |||||||||||
Cost of Goods Sold | Get a 7-Day Free Trial | 223.41 | 202.75 | 252.51 | 261.02 | 214.37 |
Vera Bradley Quarterly Data | ||||||||||||||||||||
Apr19 | Jul19 | Oct19 | Jan20 | Apr20 | Jul20 | Oct20 | Jan21 | Apr21 | Jul21 | Oct21 | Jan22 | Apr22 | Jul22 | Oct22 | Jan23 | Apr23 | Jul23 | Oct23 | Jan24 | |
Cost of Goods Sold | Get a 7-Day Free Trial | 87.05 | 42.61 | 56.16 | 51.98 | 63.62 |
Cost of Goods Sold is the aggregate cost of goods produced and sold, and services rendered during the reporting period. It excludes Total Operating Expense, such as Depreciation, Depletion and Amortization and Selling, General, & Admin. Expense.
Cost of Goods Sold for the trailing twelve months (TTM) ended in Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $214.4 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Vera Bradley (NAS:VRA) Cost of Goods Sold Explanation
Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.
Vera Bradley's Gross Margin % for the three months ended in Jan. 2024 is calculated as:
Gross Margin % | = | (Revenue | - | Cost of Goods Sold) | / | Revenue |
= | (133.265 | - | 63.624) | / | 133.265 | |
= | 52.26 % |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A company that has a moat can usually maintain or even expand their Gross Margin. A company can increase its Gross Margin in two ways. It can increase the prices of the goods it sells and keeps its Cost of Goods Sold unchanged. Or it can keep the sales price unchanged and squeeze its suppliers to reduce the Cost of Goods Sold. Warren Buffett believes businesses with the power to raise prices have moats.
Cost of Goods Sold is also directly linked to another concept called Inventory Turnover:
Vera Bradley's Inventory Turnover for the three months ended in Jan. 2024 is calculated as:
Inventory Turnover | = | Cost of Goods Sold | / | Average Total Inventories |
= | 63.624 | / | 123.709 | |
= | 0.51 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Inventory Turnover measures how fast the company turns over its inventory within a year. A higher inventory turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.
Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate inventory turnover. An average inventory is a better indication.
Thank you for viewing the detailed overview of Vera Bradley's Cost of Goods Sold provided by GuruFocus.com. Please click on the following links to see related term pages.
Mary Lou Kelley | director | 7601 PENN AVENUE SOUTH, RICHFIELD MN 55423 |
Michael Schwindle | officer: CHIEF FINANCIAL OFFICER | 2400 WEST CENTRAL ROAD, HOFFMAN ESTATES IL 60192 |
Alison Hiatt | officer: Chief Marketing Officer | C/O VERA BRADLEY, INC., 12420 STONEBRIDGE ROAD, ROANOKE IN 46783 |
Jacqueline Ardrey | director, officer: President and CEO | C/O VERA BRADLEY, INC., 12420 STONEBRIDGE ROAD, ROANOKE IN 46783 |
Frances P Philip | director | ONE ALBION ROAD, LINCOLN RI 02865 |
Edward M Schmults | director | C/O VERA BRADLEY, INC., 2208 PRODUCTION ROAD, FORT WAYNE IN 46808 |
Robert Wallstrom | director, officer: President & Chief Exec Officer | 12 E. 49TH STREET, NEW YORK NY 10017 |
Daren Hull | officer: Chief Customer Officer | C/O VERA BRADLEY, INC., 12420 STONEBRIDGE ROAD, ROANOKE IN 46783 |
John Enwright | officer: VP, Interim Chief Fin. Officer | C/O VERA BRADLEY, INC., 12420 STONEBRIDGE RD., ROANOKE IN 46873 |
Mark C Dely | officer: VP - Chief Legal Off. and Sec. | 4300 NEW GETWELL RD, MEMPHIS TN 38118 |
P. Michael Miller | director, 10 percent owner | C/O VERA BRADLEY, INC., 2208 PRODUCTION ROAD, FORT WAYNE IN 46808 |
Patricia R. Miller | director, 10 percent owner | C/O VERA BRADLEY, INC., 2208 PRODUCTION ROAD, FORT WAYNE IN 46808 |
Nancy Twine | director | C/O VERA BRADLEY, INC., 12420 STONEBRIDGE ROAD, ROANOKE IN 46783 |
James Bradley Byrne | 10 percent owner | 12 CHURCHILL ROAD, MARBLEHEAD MA 01945 |
Byrne Thomas Farrell Ii | 10 percent owner | 13114 PERRY LAKE COURT, FORT WAYNE IN 46845 |
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