US: Bebe Stores Q2 profit boosted by sales hike
- Q2 net profit US$6.6m, versus $1.6m
- Net sales up 11.6% to $152m
- Comparable store sales up 9.6%
Women’s apparel retailer Bebe Stores posted an increased net profit for the second quarter, boosted by a double-digit net sales increase and a comparable store sales rise of 9.6%.
The company said it had also registered a net loss of $4.4m for its discontinued operations during the year, 12 months after closing its PH8 division and its 25 stores.
Bebe Stores said it expected comparable store sales to rise in the mid single-digit range during the third quarter.
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US fashion retailer Bebe Stores has reported a 2.5% drop in its fourth-quarter same-store sales, a key indicator of financial performance since it strips out the effect of newly-opened stores....
US clothing retailer Bebe Stores said it expects fourth-quarter earnings to fall after seeing weaker comparable store sales growth and lower merchandise margins....
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