bebe stores Q4 operating profit go up 20%

20 Aug '05

3 min read

World-famous sexy, sophisticated, fashionable women's clothing & accessories producer Bebe stores Inc announced unaudited financial results for the fourth quarter ended July 2, 2005 and that its Board of Directors has voted to approve the quarterly cash dividend, of $0.04 per share, which will be paid on September 30, 2005 to shareholders of record as of September 19, 2005.

Net sales for the fourth quarter of fiscal 2005 were $136.9 million, up 47.0 percent from $93.1 million reported for the fourth quarter a year ago.

Gross profit as a percentage of net sales increased to 51.0 percent in the fourth quarter of fiscal 2005, compared to 47.0 percent in the fourth quarter of fiscal 2004. The increase in gross profit as a percentage of net sales from the prior year of 4.0 percent was primarily the result of favorable occupancy leverage as a result of higher comparable store sales.

- SG&A expenses for the fourth quarter of fiscal 2005 were $40.4 million, or 29.5 percent of net sales

- Net earnings for the fourth quarter increased 132.1 percent to $19.5 million

- Diluted earnings per share for the fourth quarter increased 133.3 percent to $0.21 based on 94.9 million weighted average shares outstanding versus $0.09 based on 90.3 million weighted average shares outstanding in the same period of the prior year.

Net sales for the year-to-date period ended July 2, 2005 were $509.5 million, up 36.9 percent from $372.3 million reported for the year-to-date period ended June 30, 2004.

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