Home / Knowledge / News / Apparel/Garments / Q2FY15 sales up 4.6% at apparel retailer Bebe Stores
Q2FY15 sales up 4.6% at apparel retailer Bebe Stores
11
Feb '15
For the second fiscal quarter ended January 3, 2015, sales from continuing operations were up 4.6 per cent from the year ago quarter at apparel retailer and NASDAQ listed, Bebe Stores.

Net sales from continuing operations increased 4.6 per cent to $128.9 million, as compared to $123.3 million in the second quarter of fiscal 2014.

Comparable store sales from continuing operations for the quarter ended January 3, 2015 rose higher by 8.0 per cent as against a decline of 2.6 per cent in the same period of the prior year.

Bebe attributed the growth to increased average unit retail resulting from improved full price sell-through of its fall and holiday product offerings in both the Bebe and outlet businesses.

Comparable store sales increased sequentially compared to the first quarter of fiscal 2015, marking the second consecutive quarter of positive comparable store sales for the company.

Gross margin from continuing operations as a percentage of net sales improved to 37.2 per cent from 34.1 per cent in the second quarter of fiscal 2014.

“The margin hike primarily reflects fewer markdowns on merchandise sold during the quarter, partially offset by increased promotions of aged product in Bebe outlet stores and on flash sale site,” the retailer explained.

SG&A expenses from continuing operations touched $47.8 million in the quarter under review or 37.1 per cent of net sales compared to $46.5 million or 37.7 per cent of net sales in prior year quarter.

Bebe said, SG&A for the second quarter was impacted by $1.4 million of costs including severance expense, cyber breach related costs and store impairment and closure charges.

Net loss and loss per share from continuing operations for the second quarter of fiscal 2015 were breakeven based on 79.6 million shares outstanding.

This compares with a net loss of $4.4 million, or $0.06 per share, based on 79.1 million shares outstanding for the same period of the prior year.

Included in loss from continuing operations for the second quarter of fiscal 2015 were the aforementioned $1.4 million costs.

Excluding the impact of these charges, net income from continuing operations was $1.4 million, or $0.02 per share, for the second quarter of fiscal 2015

Including a loss from discontinued operations of $0.4 million, net loss for the second quarter of fiscal 2015 was $0.4 million, representing breakeven earnings per share.

Including a loss from discontinued operations of $1.1 million, net loss for the second quarter of fiscal 2014 was $5.5 million, or $0.07 per share.

“Loss from discontinued operations during the second quarter of both years reflects the operating results of the 2b business, which was shut down on July 5, 2014,” Bebe observed.

It added, “For the second quarter of fiscal 2015, the loss in the discontinued operations is primarily related to additional lease termination costs based on landlord negotiations.”

Fibre2fashion News Desk - India


Must ReadView All

Ethiopia’s Kombolcha Industrial Park attracts foreign firms

Apparel/Garments | On 15th Dec 2017

Ethiopia’s Kombolcha Industrial Park attracts foreign firms

Strategic location, modern factory facilities and proximity to the...

Courtesy: 2XU

Apparel/Garments | On 15th Dec 2017

L Catterton Asia announces JV of GXG and 2XU

L Catterton Asia, the Asian unit of the largest and most global...

15 trade associations urge nations to safeguard WTO system

Apparel/Garments | On 15th Dec 2017

15 trade associations urge nations to safeguard WTO system

Fifteen trade and industry associations from across the world have...

Interviews View All

Top executives
Textile industry, India

The event should be organised every year

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Anisha Chaudhari
Threads & Shirts

Threads & Shirts is a freshly-tailored concept providing men/women a...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

December 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.6%
No
12.0%
Skip
18.5%

Total Votes: 92

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
62.0%
No
30.4%
Skip
7.6%

Total Votes: 92

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.0%
No
9.8%
Skip
3.3%

Total Votes: 92

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
81.5%
No
8.7%
Skip
9.8%

Total Votes: 92


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search