bebe stores (BEBE) Reports Q1 Loss of $0.10

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bebe stores, inc. Announces First Quarter Fiscal Year 2017 Financial Results

November 3, 2016 4:00 PM EDT

First quarter comparable store sales decreased 3.2%

First quarter gross margin increased 260 bps

First quarter loss per share was $0.10

BRISBANE, Calif.--(BUSINESS WIRE)-- bebe stores, inc. (NASDAQ: BEBE) today announced financial results for the fiscal first quarter ended October 1, 2016.

Manny Mashouf, Chief Executive Officer said, In the first quarter of Fiscal 2017 we continue to see sustainable changes in our business. We ended the quarter with our inventory and SG&A below the prior year and increased our gross margin 260... More