Bebe Stores Sees Q3 Loss Per Share Of $0.29 To $0.32 - Quick Facts

(RTTNews) - Bebe Stores, Inc. (BEBE) Tuesday said third-quarter net loss per share is expected to be between $0.29 and $0.32, including estimated non-cash impairment charges for bebe, 2b and outlet stores of up to $0.04 per share.

On average, five analysts polled by Thomson Reuters expect a loss of $0.15 per share for the March quarter. Analysts estimates typically exclude special items.

Net sales were approximately $93 million, a decrease of 17.2 percent from $113 million reported for the third quarter a year ago. Comparable store sales decreased approximately 5.7 percent. Analysts look for sales of $108.00 million.

The sales decrease was due partially to one less retail week in January coupled with the closure of 19 unproductive stores. Sales were also hurt by extreme weather throughout the quarter with up to 136 weather-related temporary store closures. In addition, the timing of Easter in late April had a greater than expected negative impact on sales in the quarter, specifically in the outlet locations.