bebe stores (BEBE) Misses Q3 EPS by 10c

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bebe stores, inc. Announces Third Quarter 2016 Financial Results

May 5, 2016 4:00 PM EDT

Third quarter comparable store sales from continuing operations decreased 8.1%

Third quarter loss was $30.0 million or $0.37 per share

BRISBANE, Calif.--(BUSINESS WIRE)-- bebe stores, inc. (NASDAQ: BEBE) today announced unaudited financial results for the third quarter ended April 2, 2016.

Manny Mashouf, Chief Executive Officer said, During the third quarter, we took significant steps to restructure our operations which included headcount reductions, and the closure of non-productive stores. Our third quarter results were impacted by the costs we incurred in connection with these efforts. As of the end of... More