Home / Knowledge / News / Apparel/Garments / bebe net sales up for year-to-date period ended Jan 5
bebe net sales up for year-to-date period ended Jan 5
04
Feb '08
bebe stores inc announced unaudited financial results for the second quarter ended January 5, 2008.

Net sales for the second quarter of fiscal 2008 were $203.3 million, up 3.3% from $196.8 million reported for the second quarter a year ago. As previously reported, same store sales for the quarter ended January 5, 2008 decreased 7.9% compared to an increase of 5.5% in the prior year.

Gross margin as a percentage of net sales decreased to 46.2% in the second quarter of fiscal 2008, compared to 47.9% in the second quarter of fiscal 2007. The decrease in gross margin as a percentage of net sales from the prior year of 1.7% was primarily due to higher markdowns and unfavorable occupancy leverage partially offset by a reduction in raw material reserves.

SG&A expenses for the second quarter of fiscal 2008 were $62.8 million, or 30.9% of net sales, compared to $58.9 million, or 30.0% of net sales for the same period of the prior year.

The increase in SG&A expenses as a percent of sales is primarily due to higher total compensation expense as a result of timing differences associated with stock based compensation and the recording of a small provision for bonuses in the current year verses a reversal of the bonus accrual in the prior year partially offset by lower advertising.

Operating income for the second quarter of fiscal 2008 was $31.2 million or 15.3% of net sales, compared to $35.4 million or 17.9% of net sales for the same period of the prior year. Net earnings for the second quarter were $23.4 million compared to $24.3 million for the same period of the prior year. Diluted earnings per share for the second quarter were $0.26 versus $0.26 per share in the same period of fiscal 2007.

The effective tax rate for the second quarter of fiscal 2008 decreased to 33.8% from 35.9% in the second quarter of fiscal 2007 primarily due to an increase in tax free interest income as a percent of total pretax income and an increase in our allowable domestic manufacturing deduction during the current year.

Must ReadView All

Courtesy: Aptos

Information Technology | On 25th Feb 2017

Tailored Brands selects Aptos sales audit solution

Aptos, Inc., a market leader in retail technology solutions, has...

Information Technology | On 25th Feb 2017

One Jeanswear Group deploys Centric PLM suite

Centric Software, the leading PLM solution for fashion, retail,...

Courtesy: Applied DNA Sciences

Apparel/Garments | On 24th Feb 2017

SigNatureT DNA can help prevent apparel counterfeiting

SigNatureT DNA is forensic molecular tag by Applied DNA Sciences...

Interviews View All

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Johan Berlin
InvestKonsult Sweden AB

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

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Judy Frater
Somaiya Kala Vidya

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

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
February 2017

February 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search