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More on bebe stores (BEBE): FQ2 beats on the top line but comes up short on a per share basis,...
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Thursday, January 31, 7:04 PM ETMore on bebe stores (BEBE): FQ2 beats on the top line but comes up short on a per share basis, as the retailer posts bigger losses on lower comp store sales and tighter margins. Net sales decreased by 10.9%, and gross margin as a percentage of net sales decreased to 33.9%, compared to 40.1% in the prior year. The decrease was primarily due to higher markdowns coupled with unfavorable occupancy leverage. Shares -4.3% AH.
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