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.

Read more: bebe stores inc ( BEBE )

Gildan Activewear Announces Fiscal 2009 Fourth Quarter and Full Year Results

Gildan Activewear Inc. (TSX:GIL)(NYSE:- Fourth Quarter EPS of U.S. $0.35 After Negative Impact of U.S. $0.07 Charge for Distributor Inventory Devaluation -

- Further Market Share Gains in U.S. Wholesale Distributor Channel -
- Free Cash Flow of U.S. $113 million in Quarter -
- Company Announces New Retail Programs for Fiscal 2010 -
- Business Outlook and Assumptions Provided for Fiscal 2010 -
- Company Appoints New Independent Board Members -

Gildan Activewear Inc. (TSX:GIL )(NYSE:GIL ) today announced its financial results for the fourth quarter of its 2009 fiscal year as well as for the full fiscal year. The Company also updated its outlook and business plans for fiscal 2010, including the announcement of new retail programs which Gildan has been awarded.

Read more: Gildan Activewear Inc ( GIL )

Charlotte Russe Holding, Inc. Agrees to be Acquired by Advent International Corporation for $17.50 Per Share In Cash

Charlotte Russe Holding, Inc. (NASDAQ: CHIC - News), a leading mall-based specialty retailer for young women, announced today that it has entered into a definitive agreement to be acquired and taken private by investment funds managed by Advent International Corporation, a leading global private equity firm with significant expertise in the retail sector.

Under the terms of the merger agreement, an affiliate of Advent will commence a tender offer to purchase for cash all of the outstanding shares of Charlotte Russe common stock, and the associated preferred stock purchase rights, at a price of $17.50 per share, for a total value of approximately $380 million.

Read more: Charlotte Russe Holding Inc ( CHIC )

Crocs, Inc. Reports Fiscal 2009 Second Quarter Financial Results

Second Quarter Revenue of $198 Million Exceeds Guidance, Cash Increases 50% to $78 Million in First Half of 2009, Announces Full Repayment of Outstanding Credit Facility, Reduces Inventory 22% Since Year End 2008

Crocs, Inc. (NASDAQ: CROX ) today reported financial results for the second quarter ended June 30, 2009.

Q2 2009 revenue of $197.7 million exceeded Company guidance for the quarter. Revenue in the comparable quarter of 2008 was $222.8 million.

On a non-GAAP basis, the Company’s Q2 2009 net loss after taxes was $5.0 million, or a loss of $0.06 per diluted share, which is better than the range the Company previously provided when it guided to a non-GAAP Q2 2009 loss per diluted share of $0.31 to $0.15.

Read more: Crocs Inc ( CROX )

Stein Mart, Inc. Reports 1Q'09 Financial Results

Stein Mart, Inc. (Nasdaq: SMRT) today announced financial results for its first quarter ended May 2, 2009.

First quarter results
For the first quarter of 2009, the Company earned $16.1 million or $0.38 per diluted share as compared to $7.0 million or $0.17 per diluted share in 2008. As previously reported, net sales for the first quarter decreased 9.2 percent to $319.6 million from $352.1 million the previous year and comparable store sales decreased 8.0 percent from the first quarter of 2008.

Gross profit decreased to $96.8 million from $97.7 million in 2008. As a percent of net sales, gross profit increased to 30.3 percent from 27.8 percent in the same period last year. The increase in the gross profit rate resulted from increased markup and decreased markdowns, slightly offset by higher occupancy costs.

Read more: Stein Mart Inc ( SMRT )