Net sales for the year-to-date period ended April 1, 2006 were $426.9 million, up 14.6 percent from $372.6 million reported for the year-to-date period ended April 2, 2005.
As previously reported, same store sales for the year-to-date period ended April 1, 2006 increased 7.1 percent compared to an increase of 23.0 percent for the year-to-date period ended April 2, 2005.
Net earnings for the year-to-date period ended April 1, 2006 were $51.9 million, an increase of 10.9 percent from $46.8 million for the year-to-date period ended April 2, 2005.
Diluted earnings per share for the year-to-date period ended April 1, 2006 were $0.55 after taking into account the $0.04 per share charge related to the expensing of stock based compensation versus $0.50 per share for the year-to-date period ended April 2, 2005.
During the third quarter ended April 1, 2006, the Company relocated one bebe store and renovated one BEBE SPORT store.
For the fourth quarter of fiscal 2006, the Company anticipates comparable store sales will be in the low single digit range and earnings per share in the range of $0.18 to $0.22 after taking into account the impact of a $0.02 per share charge related to the expensing of stock based compensation, versus $0.21 per share in the fourth quarter of fiscal 2005.
April comparable stores sales are currently performing above this range and we anticipate May and June comparable store sales to be below April. The Company is currently anticipating an effective tax rate of 38.0 percent for the fourth quarter of fiscal 2006.
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 and bebe O brand names. bebe currently operates 232 stores, of which 176 are bebe stores, 20 are bebe outlet stores and 36 are BEBE SPORT stores. These stores are located in the United States, Puerto Rico and Canada.
20240830145952.gif)
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "UBM China (Shanghai)")
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
