Home / Knowledge / News / Apparel/Garments / Bebe Stores reports 9% decline in Q4FY16 net sales
Bebe Stores reports 9% decline in Q4FY16 net sales
05
Sep '16
US based clothing retailer Bebe Stores reported a 9 per cent net sales decline over the fiscal ago quarter, for the fourth fiscal quarter ended July 2, 2016. Comparable store sales for the three months ended July 2, 2016, dropped 4.6 per cent as against an increase of 1.1 per cent in the corresponding quarter of the previous fiscal.

In the reporting quarter, gross margin as a percentage of net sales too fell 390 bps to 30.9 per cent compared to 34.8 per cent in the same quarter of earlier fiscal.

“The decrease in margin was primarily the effect of aggressive promotions, write downs of aged inventory and lost leverage on fixed occupancy costs,” the retailer explained.

Income from continuing operations for the quarter under review amounted to $25.1 million, or $0.31 per share, on 80.6 million diluted shares outstanding.

This compares with loss of $5.5 million, or $0.07 per share, on 79.6 million diluted shares outstanding for the same period of the prior fiscal.

“Included in income from continuing operations for the quarter is the net gain from the Bluestar transaction of $31.7 million,” Bebe Stores said.

Excluding the impact of the Bluestar transaction, loss from continuing operations was $6.8 million, or $0.08 per share, for the fourth quarter of fiscal 2016. (AR)

Fibre2Fashion News Desk – India


Must ReadView All

Pic: Lund University

Textiles | On 8th Mar 2021

Swedish scientists convert cotton into sugar, to make textiles

In a major step towards recycling, scientists at Sweden’s Lund...

Pic: Hohenstein

Textiles | On 8th Mar 2021

German testing company able to screen entire textile chain for GMOs

The textile testing service provider Hohenstein has developed its own ...

Pic: Shutterstock

Textiles | On 6th Mar 2021

USTR releases 2021 President’s Trade Agenda, 2020 Annual Report

The Office of the United States Trade Representative recently...

Interviews View All

Top executives, Textile industry, India

Top executives
Textile industry, India

The event should be organised every year

Darshan Mehta, Infinium Polychem

Darshan Mehta
Infinium Polychem

We are spending double digit figures on R&D

Jim Desai, Blaiva Fabricaa

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Paolo Crespi,

Paolo Crespi

For.Tex is an Italy-based leading producer of dyes and thickeners, and is...

Marcel Moser,

Marcel Moser

Switzerland-based Benninger is a leading manufacturer of technologically...

Ritu Ajbani & Neha Agarwal,

Ritu Ajbani & Neha Agarwal

Petit Royal, co-founded by entrepreneurs <b>Ritu Ajbani and Neha...

Sachin Pendharkar, Dieffenbacher India Pvt Ltd

Sachin Pendharkar
Dieffenbacher India Pvt Ltd

Germany-based Dieffenbacher Group is a producer of high-quality composites ...

Robert Brookins, Alexium International

Robert Brookins
Alexium International

Alexium International is a specialty chemical development company...

Wolfgang Plasser, Lenzing AG

Wolfgang Plasser
Lenzing AG

The Lenzing Group is an international company headquartered in Austria...

Robert Brunner, Devereux

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Yash P. Kotak, Bombay Hemp Company

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Bani Batra,

Bani Batra

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

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

Leave your Comments


March 2021

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


Advanced Search