By Christiana Sciaudone
Investing.com — Why opt for an N95 mask when you can have a floral, quilted face covering?
Sales of cotton masks helped drive Vera Bradley (NASDAQ:)’s second quarter revenue up 10% as online sales doubled.
Shares of the Fort Wayne, Indiana-based company rose almost 30% on the news, but are still down by about half since the start of 2020.
Also helping to boost results were sales of $6 bracelets from Vera Bradley’s newly acquired Pura Vida brand.
Guess (NYSE:), on the other hand, saw sales plummet 42% for the most recent quarter as people embraced sweatpants rather than shoveling themselves into pre-pandemic jeans.
But the company did offset slumping sales by reducing expenses with furloughs, temporary salary reductions and lay-offs, resulting in a loss per share of 1 cent versus the expected 57-cent loss.
The market rewarded Guess, with shares jumping 15%. The stock is still down almost 40% for the year.
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