bebe stores, inc. (BEBE) Tops Q1 EPS by 3c, Offers Guidance
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bebe stores, inc. (NASDAQ: BEBE) reported Q1 EPS of ($0.12), $0.03 better than the analyst estimate of ($0.15). Revenue for the quarter came in at $114.1 million versus the consensus estimate of $105.81 million. Comps decreased 2.8%.
"For the second quarter of fiscal 2014, the Company expects comparable store sales to be in the negative mid-single digit range considering the challenging and highly promotional retail environment. Gross margin is expected to be lower than the comparable period of the prior year due to higher markdowns on legacy inventory, higher promotional activity relative to last year and the deleveraging of certain fixed costs. The net loss per share is expected to be in the range of low to mid-teens per share. 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."
For earnings history and earnings-related data on bebe stores, inc. (BEBE) click here.
"For the second quarter of fiscal 2014, the Company expects comparable store sales to be in the negative mid-single digit range considering the challenging and highly promotional retail environment. Gross margin is expected to be lower than the comparable period of the prior year due to higher markdowns on legacy inventory, higher promotional activity relative to last year and the deleveraging of certain fixed costs. The net loss per share is expected to be in the range of low to mid-teens per share. 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."
For earnings history and earnings-related data on bebe stores, inc. (BEBE) click here.
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