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bebe net sales up for year-to-date period ended Jan 5
04 Feb '08
4 min read
Net sales for the year-to-date period ended January 5, 2008 were $364.4 million, up 3.0% from $353.9 million for the year-to-date period ended December 30, 2006. Same store sales for the year-to-date period ended January 5, 2008 decreased 8.5% compared to an increase of 8.6% in the prior year.
Net earnings for the year-to-date period ended January 5, 2008 were $38.7 million compared to $44.7 million in the prior year. Diluted earnings per share for the year-to-date period ended January 5, 2008 were $0.42 compared to $0.47 per share in the prior year.
During the quarter ended January 5, 2008, the Company opened eleven stores, including six bebe stores and five BEBE SPORT stores and expanded one existing bebe store resulting in total square footage growth of 4%.
For the year-to-date period the Company's capital expenditures were approximately $18 million and depreciation expense was approximately $10.8 million.
For the third quarter of fiscal 2008, the Company anticipates comparable store sales will be in the negative mid-single digit range and earnings per share will be in the range of $0.08 to $0.12 per share based on 91 million diluted weighted average shares outstanding, which reflect the reduction of 5 million shares repurchased in the first fiscal quarter, versus $0.14 per share based on 95 million diluted weighted average shares outstanding in the third quarter of fiscal 2007, which includes fourteen weeks or approximately $.02 of net earnings per share associated with the extra week in January. The Company is currently anticipating an effective tax rate of 35.0% for the third quarter of fiscal 2008.
For the third quarter of fiscal 2008, the Company is currently planning finished goods inventory to be down on a per square foot basis compared to the third quarter of fiscal 2007 in the low to mid-single digit range.
Net earnings for the year-to-date period ended January 5, 2008 were $38.7 million compared to $44.7 million in the prior year. Diluted earnings per share for the year-to-date period ended January 5, 2008 were $0.42 compared to $0.47 per share in the prior year.
During the quarter ended January 5, 2008, the Company opened eleven stores, including six bebe stores and five BEBE SPORT stores and expanded one existing bebe store resulting in total square footage growth of 4%.
For the year-to-date period the Company's capital expenditures were approximately $18 million and depreciation expense was approximately $10.8 million.
For the third quarter of fiscal 2008, the Company anticipates comparable store sales will be in the negative mid-single digit range and earnings per share will be in the range of $0.08 to $0.12 per share based on 91 million diluted weighted average shares outstanding, which reflect the reduction of 5 million shares repurchased in the first fiscal quarter, versus $0.14 per share based on 95 million diluted weighted average shares outstanding in the third quarter of fiscal 2007, which includes fourteen weeks or approximately $.02 of net earnings per share associated with the extra week in January. The Company is currently anticipating an effective tax rate of 35.0% for the third quarter of fiscal 2008.
For the third quarter of fiscal 2008, the Company is currently planning finished goods inventory to be down on a per square foot basis compared to the third quarter of fiscal 2007 in the low to mid-single digit range.
bebe stores inc
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