bebe stores, inc. Announces Fourth Quarter and Fiscal Year 2016 Financial Results
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bebe stores (BEBE) Misses Q4 EPS by 8c, Comps Declined 4.6%
September 1, 2016 4:02 PM EDTbebe stores (NASDAQ: BEBE) reported Q4 EPS of ($0.08). Revenue for the quarter came in at $94.9 million, versus $104.3 million reported last year.
Fourth quarter comparable store sales decreased 4.6%
Fiscal 2017 guidance:
For the fiscal year, the Company expects comparable store sales to be in the negative low-single digit to positive low-single digit range. Gross margin is expected to be higher than the prior year as a result of inventory management initiatives which include a 20% reduction in receipts and SKUs. We believe this change will begin to address the over assortment... More
