Bebe Stores, Inc. Announces Preliminary Comparable Store Sales Results for the Second Quarter Ended January 3, 2015; Provides Earnings Guidance for the Second Quarter Ended January 3, 2015
January 12, 2015 at 05:30 pm EST
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Bebe Stores, Inc. announced preliminary comparable store sales results for the second quarter ended January 3, 2015. For the quarter, the company reported comparable store sales increased approximately 8%, ahead of the company's expectations, with positive performance across all regions. This increase was driven by improved sell through of the fall and holiday product offerings at higher AUR in both the bebe and outlet businesses.
The company provided earnings guidance for the second quarter ended January 3, 2015. For the quarter, the company expects net loss per share prior to any non-recurring costs from continuing operations for the quarter is now expected to be in the low single digit range, at the high end of the company's previous guidance.
bebe stores, inc. is primarily engaged in the business of operating retail rent-to-own franchise stores. The Company's rent-to-own Buddy's franchise stores offer furniture, appliances, and consumer electronics to consumers through rent-to-own agreements. The Company leases space for all of its Buddy's franchise stores under operating leases. It offers various product categories, including Featured, New, Clothing, Dresses, Denim, Shoes, and Accessories. Its Featured category includes Bandage Dresses, Bridal, Fall, and Halloween, among others. Its Clothing category includes Tops, Bottoms, Denim, Jackets, and Activewear, among others. Its Dresses category consists of Bandage Dresses, Bodycon Dresses, Denim Dresses, Little Black Dresses, Logo Dresses, Mini Dresses, Midi Dresses, Maxi Dresses, and others. Its Accessories include Bags, Belts, Hats, Shoes, Sunglasses, Watches. The Company operates approximately 64 stores in 12 states in the southeastern United States.
Bebe Stores, Inc. Announces Preliminary Comparable Store Sales Results for the Second Quarter Ended January 3, 2015; Provides Earnings Guidance for the Second Quarter Ended January 3, 2015