This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Bebe Stores, Inc. Announces Third Quarter Results

Net earnings from continuing operations for the year-to-date period ended March 31, 2012 were $8.7 million compared to a net loss of $0.7 million in the prior year. The increase in earnings was the result of sales growth and expansion in gross margin, partially offset by increases in compensation and advertising expenses as we continue to fuel our future growth. Earnings per share from continuing operations for the year-to-date period ended March 31, 2012 was $0.10 per share on 84.4 million diluted shares outstanding, compared to net loss per share of $0.01 per share on 84.4 million diluted shares outstanding in the prior year.

Net loss from discontinued operations for the prior year-to-date period ended April 2, 2011 was $5.8 million, or $0.07 per share, on 84.4 million diluted shares outstanding.

During the quarter ended March 31, 2012, the Company opened 2 bebe stores and converted 1 bebe store into a 2b store, and closed 7 bebe stores. For the remainder of fiscal year 2012, we anticipate opening 3 2b stores, and closing 2 bebe stores, which will result in no change to total store square footage. In addition, our international licensees are anticipated to add up to 5 points-of–sale for the remainder of the year.

For the fourth quarter of fiscal 2012, the Company currently anticipates comparable store sales growth in the low-single digit range, as we are comparing to the strong performance of last year’s fiscal fourth quarter. Depending on actual sales and markdowns, the net income from continuing operations is expected to be in the range of $0.02 - $0.04 per share, compared to $0.06 per share in the prior year. The prior year was positively affected by improved comparable store sales, significant improvement in merchandise margin, and leverage on SG&A. Given the growth strategies the Company put in place, our SG&A for the current year assumes higher compensation, advertising and other expenses, including certain one-time costs relating to the planned transition of to a company managed platform.

2 of 5

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,776.12 -200.19 -1.11%
S&P 500 2,067.89 -18.35 -0.88%
NASDAQ 4,900.8850 -46.5560 -0.94%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs