bebe stores inc (BEBE) Key Developments
Bebe Stores, Inc. Announces Preliminary Comparable Store Sales Results for the Second Quarter Ended January 3, 2015; Provides Earnings Guidance for the Second Quarter Ended January 3, 2015
Jan 12 15
Bebe Stores, Inc. announced preliminary comparable store sales results for the second quarter ended January 3, 2015. For the quarter, the company reported comparable store sales increased approximately 8%, ahead of the company's expectations, with positive performance across all regions. This increase was driven by improved sell through of the fall and holiday product offerings at higher AUR in both the bebe and outlet businesses.
The company provided earnings guidance for the second quarter ended January 3, 2015. For the quarter, the company expects net loss per share prior to any non-recurring costs from continuing operations for the quarter is now expected to be in the low single digit range, at the high end of the company's previous guidance.
Bebe Stores, Inc. Appoints Jim Wiggett as Chief Executive Officer, Effective Immediately and to Board of Directors
Dec 15 14
Bebe Stores, Inc. announced that Jim Wiggett has been named Chief Executive Officer and appointed to the company’s board of directors, effective immediately. Jim has been serving as Interim Chief Executive Officer since June 2014. Prior to serving as Interim Chief Executive Officer, he provided advisory services to the Company for five years. Mr. Wiggett founded the Jackson Hole Group, a strategic consulting group in 2002, and previously held a number of senior executive positions, with several companies, including the Charles Schwab Corporation, Duty Free Stores (DFS), and most recently Moet Hennessey Louis Vuitton.
Bebe Stores, Inc. Presents at 17th Annual ICR XChange 2015, Jan-13-2015 02:00 PM
Nov 20 14
Bebe Stores, Inc. Presents at 17th Annual ICR XChange 2015, Jan-13-2015 02:00 PM. Venue: JW Marriott Orlando Grande Lakes, Orlando, Florida, United States.
bebe Stores, Inc. Declares Quarterly Cash Dividend Payable on Dec. 18, 2014
Nov 6 14
bebe stores, inc. announced that its Board of Directors declared quarterly cash dividend of $0.015 per share. The dividend is payable on December 18, 2014 to shareholders of record at the close of business on December 4, 2014.
Bebe Stores, Inc. Announces Consolidated Unaudited Earnings Results for the First Quarter Ended October 4, 2014; Provides Earnings Guidance for the Second Quarter and Capital Expenditure Guidance for the Full Year of Fiscal 2015
Nov 6 14
Bebe Stores, Inc. announced consolidated unaudited earnings results for the first quarter ended October 4, 2014. Net sales from continuing operations were $102.2 million, a decrease of 6.5% from $109.3 million in the first quarter of fiscal 2014, primarily as a result of store closures. Comparable store sales from continuing operations for the quarter ended October 4, 2014, increased 0.7% compared to a decrease of 3.0% in the comparable period of the prior year. This marks the first quarter of positive comparable store sales since fiscal 2012. For the quarter, the company announced operating loss was $9,357,000 compared to $8,202,000 a year ago. Loss before tax was $8,950,000 compared to $8,044,000 a year ago. Loss from continuing operations was $8,986,000 or $0.11 per basic and diluted share compared to $7,898,000 or $0.10 per basic and diluted share a year ago. Net loss was $10,817,000 or $0.14 per basic and diluted share compared to $9,154,000 or $0.12 per basic and diluted share a year ago. Capital expenditures for the quarter were $6.8 million.
For the second quarter of fiscal 2015, the company expects comparable store sales to be in the flat to low single digit positive range. Gross margin is expected to be slightly higher than the prior year due to the increased effort in margin optimization and fewer planned promotional activities. The net loss per share is expected to be in the range of low to mid-single digit range. The expected net loss per share range also reflects the continuing impact of maintaining a valuation allowance against deferred tax assets, and thus a close to 0% effective tax rate.
For the fiscal year 2015, total capital expenditures are anticipated to be approximately $16 million for new stores, remodels and information technology systems.