Bebe Stores sees Q3 cont ops EPS loss lowere than 3c/share
Depending on actual sales and markdowns the net loss from continuing operations in the current quarter is expected to be lower than the $0.03 per share in the prior year based on 84M weighted average shares outstanding. For Q3, the company is currently planning finished goods inventory to increase in the range of low single digit on a per square foot basis compared to the increase of 16% in Q3 of FY11. :theflyonthewall.com
Bebe sees opening 3 bebe stores, up to 4 2b stores in remainder of FY12
This includes 1 potential conversion from bebe to 2b. The company also anticipates closing up to 9 bebe stores, which represents a square footage decrease of approximately 2%. In addition, their international licensees are anticipated to grow by up to 10 points-of –sale for the remainder of the year. :theflyonthewall.com
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