Vera Bradley, Inc. (NASDAQ:VRA) Q2 2020 Earnings Conference Call - Final Transcript
Sep 04, 2019 • 09:30 am ET
reinforced our belief that our customers becoming more and more, what I call, silhouette focused and functional focused as opposed to just pattern focus. So I think that becomes really critical.
The other thing that you're seeing us do is, as we talked about November with our duffel franchise, bringing in the lay flat technology, it's a great way of really updating something that is so iconic for us. But I will tell you that this new lay flat design is great. I think our customers are absolutely going to be -- that I personally am a big fan and using it all the time. And the other one that we talked about is Performance Twill. And what's interesting with our Performance Twill launch, we put it out of market in August and then with the launch this week, we're focusing even more on the website, not only is it a great new fabrication, but we are really trying to balance both heritage items, which you're going to see, as well as new design. So, for example, in our Performance Twill, not only was our campus backpack, one of our best sellers, but the other thing was we designed to do work tote that we really listened and built some innovation in that the customer was asking for and that's been another surprise winner. So our customer wants us to balance both heritage and innovation.
Thank you. Best regards.
[Operator Instructions] Next, we will move to Steve Marotta with CL King & Associates.
Good morning, Rob and John, as far as Pura Vida, Can you talk a little bit about...
Steve, we can't really hear you. Can you speak up more?
Is it a little bit better?
That's little bit better.
Maybe, this is better?
Much better, yes.
All right. Can you talk a little bit about Pura Vida's accretion from an earnings standpoint in any sort of seasonality that's associated with that acquisition? In other words, it is adding $0.20 this year. Is there a first half loss that might be incorporated as we think about our next year numbers?
Steve, this is John. So did you say is there a first year with loss that we should think about? I just want to make sure I heard the question.
So the answer to that question is no. Ultimately, they have some seasonality in their business. It's fairly similar to our seasonality where they do have a nice summer business close to kind of our back-to-school business, as well as a holiday season business. So as you pointed out, we expect accretion close to about $0.20 in the back half of this year, and as you kind of model it out for next year and we'll obviously more guidance in a few months in regards to what we expect for next year. But I wouldn't anticipate any kind of reduction in the first half the year from EPS obviously, which is going to be --