Retail stores sales up 9.9% at Bebe Stores in Q2 FY11
06 Jan '12
2 min read
bebe stores inc. reported retail sales from continuing operations of $141.1 million for the second fiscal quarter ended December 31, 2011, an increase of 9.9% compared to $128.4 million for the fiscal quarter ended January 1, 2011.
As previously disclosed, beginning in fiscal 2012, the Company reports comparable store sales results inclusive of our on-line store. Comparable store sales for the fiscal quarter ended December 31, 2011 increased 9.6% compared to flat comparable store sales in the second fiscal quarter of the prior year.
Retail sales from continuing operations for the year-to-date period ended December 31, 2011 were $257.1 million, an increase of 8.5% compared to $236.9 million for the year-to-date period ended January 1, 2011.
Comparable store sales for the year-to-date period ending December 31, 2011 increased 8.4% compared to a decrease of 2.3% for the year-to-date period ending January 1, 2011.
As of December 31, 2011, average finished goods inventory per square foot from continuing operations increased approximately 1.0% compared to the prior year.
For the quarter, we currently anticipate net earnings from continuing operations will be at the high end of our previously provided guidance of $0.04 to $0.07 per share prior to any store impairment charges. bebe stores, inc. will host a conference call on Thursday, February 2, 2012 at 1:30 P.M.
bebe stores inc. designs, develops and produces a distinctive line of contemporary women's apparel and accessories, which it markets under the bebe, BEBE SPORT, bbsp and 2b bebe brand names.
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