bebe stores, inc. (BEBE) Misses Q4 EPS by 1c; Comps Fell 1.9%

bebe stores, inc. (NASDAQ: BEBE) reported Q4 EPS of ($0.18), $0.01 worse than the analyst estimate of ($0.17). Revenue for the quarter came in at $103.6 million versus the consensus estimate of $104.8 million.

Comps fell 1.9 percent.

For the first quarter of fiscal 2015, the Company expects comparable store sales to be in the negative low single digit to flat range. Gross margin is expected to be lower than the prior year due to higher markdowns in the beginning of the quarter to clear through excess inventory and deleveraging of certain fixed costs. The net loss per share is expected to be in the high teens. The expected net loss per share range also reflects the continuing impact of maintaining a valuation allowance against deferred tax assets as discussed above and thus a close to 0% effective tax rate.

Finished goods inventory per square foot as of the end of fiscal first quarter 2015 is anticipated to increase in the low single digits compared to the first quarter of fiscal 2014.

Total capital expenditures for the year are anticipated to be approximately $16 million for new stores, remodels and information technology systems.

Dividend payments are expected to be approximately 40% below fiscal 2014, or approximately $4.7 million for fiscal year 2015.

For fiscal year 2015, the Company plans to open four bebe stores and two outlet stores, and to close up to 12 bebe and outlet stores, which will result in approximately a 2% decrease in total store square footage from the end of fiscal year 2014. In addition, the number of points of distribution managed by our international licensees is expected to remain unchanged on a net basis for the fiscal year.

For earnings history and earnings-related data on bebe stores, inc. (BEBE) click here.

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