bebe stores inc reported retail sales of $157.3 million for the fiscal quarter ended October 4, 2008, a decrease of 0.7% compared to sales of $158.5 million for the fiscal quarter ended October 6, 2007.
Same store sales for the fiscal quarter ended October 4, 2008 decreased 10.8% compared to a decrease of 9.3% in the prior year.
As of October 4, 2008, average finished goods inventory per square foot was approximately 13.5% lower as compared to the prior year.
Comparable store sales are below our previous guidance of negative high single digit range as a result of continued weakness in the larger macro economic environment which has negatively impacted mall traffic and our results.
Therefore, we currently anticipate fiscal first quarter earnings per share to be in the range of $0.09 to $0.13 based on 90 million diluted weightebebe stores inc reported retail sales of $157.3 million for the fiscal quarter ended October 4, 2008, a decrease of 0.7% compared to sales of $158.5 million for the fiscal quarter ended October 6, 2007.
Same store sales for the fiscal quarter ended October 4, 2008 decreased 10.8% compared to a decrease of 9.3% in the prior year.
As of October 4, 2008, average finished goods inventory per square foot was approximately 13.5% lower as compared to the prior year.
Comparable store sales are below our previous guidance of negative high single digit range as a result of continued weakness in the larger macro economic environment which has negatively impacted mall traffic and our results.
Therefore, we currently anticipate fiscal first quarter earnings per share to be in the range of $0.09 to $0.13 based on 90 million diluted weighted average shares outstanding versus prior guidance of $0.12 to $0.16 earnings per share.
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