bebe stores, inc. (Nasdaq: BEBE) today reported retail sales from continuing operations of $141.1 million for the second fiscal quarter ended December 31, 2011, an increase of 9.9% compared to $128.4 million for the fiscal quarter ended January 1, 2011.
As previously disclosed, beginning in fiscal 2012, the Company reports comparable store sales results inclusive of our on-line store. Comparable store sales for the fiscal quarter ended December 31, 2011 increased 9.6% compared to flat comparable store sales in the second fiscal quarter of the prior year.
Retail sales from continuing operations for the year-to-date period ended December 31, 2011 were $257.1 million, an increase of 8.5% compared to $236.9 million for the year-to-date period ended January 1, 2011. Comparable store sales for the year-to-date period ending December 31, 2011 increased 8.4% compared to a decrease of 2.3% for the year-to-date period ending January 1, 2011.
As of December 31, 2011, average finished goods inventory per square foot from continuing operations increased approximately 1.0% compared to the prior year.
For the quarter, we currently anticipate net earnings from continuing operations will be at the high end of our previously provided guidance of $0.04 to $0.07 per share prior to any store impairment charges.
bebe stores, inc. designs, develops and produces a distinctive line of contemporary women’s apparel and accessories, which it markets under the bebe, BEBE SPORT, bbsp and 2b bebe brand names. bebe currently operates 256 stores, of which 213 are bebe stores, including bebe.com, and 43 are 2b bebe stores, including 2bstores.com. These stores are located in the United States, U.S. Virgin Islands, Puerto Rico, Canada and Japan. bebe also distributes and sells bebe branded product through its licensees in approximately 19 countries.
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Post Written By: Ed Liston
Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.
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