BRISBANE, Calif. (AP) ¿ Apparel retailer Bebe Stores Inc. said Thursday its sales at stores open at least a year tumbled 25.7 percent in the fiscal first quarter, a sharper drop than in the same period a year earlier. Same-store sales, or sales at stores open at least a year, are a key indicator of retailer performance since they measure growth at existing stores rather than newly opened ones. The company said total sales fell 24 percent during the quarter ended Oct. 3, to $120.1 million. On average, analysts polled by Thomson Reuters expected sales of $129.1 million for the quarter.
More from Investing
Oil Prices Dip Following Saudi Attack Surge; Focus Shifts to US Shale Production
Global oil markets eased modestly Tuesday, following the biggest single-day surge in more than three decades, but prices could continue to climb in the coming weeks as investors assess the impact of weekend drone attacks on Saudi oilfields and look to U.S. shale production to fill the expected gap in world crude supplies.
Dow Futures Drift Lower, Crude Pares Gains As Markets Gear for Fed Rate Decision
Global stocks edged lower again Tuesday, following one of the biggest single-day declines in oil prices on record, as investors adopted a cautious stance on risk ahead of the Federal Reserve's two-day rate-setting meeting and the start of formal U.S.-China trade talks later this week.
Boeing Boosts China Forecast; Report Says FAA Faces Rebuke For 737 MAX Approval
Boeing shares were indicated modestly lower in pre-market trading Tuesday after the world's biggest planemaker lifted its forecast for aircraft demand in China, the world's biggest market, amid ongoing questions over the return of its troubled 737 MAX jet.
Shopify Falls 5% in After-Hours Trading on Secondary Offering Plan
Company to offer 1.9 million Class A subordinate voting shares.