bebe stores, inc. Announces Second Quarter Earnings of $0.03
bebe stores, inc. (NASDAQ: BEBE) today announced unaudited financial results for the second quarter ended January 2, 2010.
Net sales for the second quarter of fiscal 2010 were $141.5 million, down 22.2% from $181.9 million reported for the second quarter a year ago. As previously reported, comparable store sales for the quarter ended January 2, 2010 decreased 22.5% compared to a decrease of 20.1% in the prior year.
Gross margin as a percentage of net sales increased to 39.2% in the second quarter of fiscal 2010, compared to 38.6% in the second quarter of fiscal 2009. The increase in gross margin as a percentage of net sales from the prior year of 0.6% was primarily due to lower markdowns and lower other costs including inventory shrink and damages partially offset by lower initial markup and unfavorable occupancy leverage.
- Published: 05 February 2010
- Written by Editor