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bebe stores Q4 operating profit go up 20%
20 Aug '05
3 min read
As previously reported, same store sales for the year-to-date period beginning July 1, 2004 and ending July 2, 2005 increased 25.7 percent compared to an increase of 9.5 percent for the year-to-date period beginning July 1, 2003 and ending June 30, 2004.
Net earnings for the year-to-date period ended July 2, 2005 were $66.3 million, an increase of 96.2 percent from $33.8 million for the year-to-date period ended June 30, 2004.
Diluted earnings per share for the year-to-date period ended July 2, 2005 were $0.71 based on 93.5 million weighted average shares outstanding compared to $0.38 based on 89.4 million weighted average shares outstanding for the year-to-date period ended June 30, 2004. As previously announced, fiscal 2005 results include the $0.02 per share impact of the lease accounting charge.
During the fiscal year ended July 2, 2005, the Company opened twenty-one stores, including eleven bebe stores and ten BEBE SPORT stores and closed six stores, including two bebe stores, three BEBE SPORT stores and one outlet store. For fiscal year 2005, the Company's capital expenditures were approximately $25 million.
"The fourth quarter and fiscal year were truly amazing with comparable store sales increasing 34 percent and 26 percent, respectively. For the full year, sales increased 37 percent to an impressive $510 million and the operating profit increased to 20 percent from 14 percent in the prior year. They are pleased with the customer's response to our offering of attainable luxury as They continue to elevate the brand," said Greg Scott, bebe's Chief Executive Officer (CEO).
Women's apparel & accessories developer bebe stores Inc designs and creates 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 213 stores, of which 165 are bebe stores, 31 are BEBE SPORT stores and 17 are bebe outlet stores. These stores are located in the United States, Puerto Rico and Canada.
Net earnings for the year-to-date period ended July 2, 2005 were $66.3 million, an increase of 96.2 percent from $33.8 million for the year-to-date period ended June 30, 2004.
Diluted earnings per share for the year-to-date period ended July 2, 2005 were $0.71 based on 93.5 million weighted average shares outstanding compared to $0.38 based on 89.4 million weighted average shares outstanding for the year-to-date period ended June 30, 2004. As previously announced, fiscal 2005 results include the $0.02 per share impact of the lease accounting charge.
During the fiscal year ended July 2, 2005, the Company opened twenty-one stores, including eleven bebe stores and ten BEBE SPORT stores and closed six stores, including two bebe stores, three BEBE SPORT stores and one outlet store. For fiscal year 2005, the Company's capital expenditures were approximately $25 million.
"The fourth quarter and fiscal year were truly amazing with comparable store sales increasing 34 percent and 26 percent, respectively. For the full year, sales increased 37 percent to an impressive $510 million and the operating profit increased to 20 percent from 14 percent in the prior year. They are pleased with the customer's response to our offering of attainable luxury as They continue to elevate the brand," said Greg Scott, bebe's Chief Executive Officer (CEO).
Women's apparel & accessories developer bebe stores Inc designs and creates 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 213 stores, of which 165 are bebe stores, 31 are BEBE SPORT stores and 17 are bebe outlet stores. These stores are located in the United States, Puerto Rico and Canada.
Bebe stores Inc
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