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bebe stores inc. (NASDAQ:BEBE) reported its results for the first quarter. Bebe Stores designs, develops, and produces a distinctive line of contemporary women’s apparel and accessories.
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bebe stores inc. Earnings Cheat Sheet
Results: Reported a loss of $2.6 million (3 cents per diluted share) in the quarter. Bebe stores inc. had a net income of $2.4 million or 3 cents per share in the year-earlier quarter.
Revenue: Fell 7.3% to $117.1 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: bebe stores inc. fell in line with the mean analyst estimate of a loss of 3 cents per share. Analysts were expecting revenue of $118.7 million.
The company fell in line with estimates last quarter after beating forecasts in the previous quarter with net income of 4 cents versus a mean estimate of net income of 3 cents per share.
Revenue has fallen in the past two quarters. In the fourth quarter of the last fiscal year, revenue declined 0.6% to $131.5 million from the year-earlier quarter.
The company reported a net loss last quarter after booking a profit the quarter before that. In the third quarter of the last fiscal year, the company booked a profit of $214,000, or 0 cents per share.
Looking Forward: The outlook for the company’s results in the upcoming quarter is unfavorable. The average estimate for the second quarter is 4 cents per share, down from 10 cents ninety days ago. At 4 cents per share, the average estimate for the fiscal year has fallen from 24 cents ninety days ago.
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(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)
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