Bebe Stores (BEBE) Q2 Comps Fall 10.5%, Much Worst Than Views

January 3, 2013 7:10 AM EST
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Bebe Stores, Inc. (NASDAQ: BEBE) Second Quarter same-store sales fell 10.5%, versus an expected 5.9% decline.

The company reported retail sales of $124.6 million for the second fiscal quarter ended December 29, 2012, a decrease of 11.7% compared to $141.1 million for the fiscal quarter ended December 31, 2011. The decrease was primarily driven by a 15% comparable store traffic decrease during the quarter, with December being the most negative.

*** The Street was looking for sales of $142.88 million.

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