The information in this Form 8-K and the Exhibit attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, except as shall be expressly set forth by specific reference in such filing. On November 30, 2006, bebe stores, inc. issued a press release announcing its November 2006 sales.
The press release relating to the November 2006 sales is attached hereto as Exhibit 99.1.
Exhibit 99.1
Contact: Walter Parks
Chief Operating Officer
bebe stores, inc.
(415) 715-3900
bebe stores, inc. Announces November 2006 Sales;
Same Store Sales Increase 5.8%
BRISBANE, CALIF. – November 30, 2006 – bebe stores, inc. (Nasdaq: BEBE) today reported retail sales of $53.8 million for the four-week period ended November 25, 2006, an increase of 16.2% compared to sales of $46.3 million for the four-week period ended November 26, 2005. Same store sales for the four-week period increased 5.8% compared to an increase of 4.2% for November 2005.
Retail sales for the year-to-date period ending November 25, 2006 were $257.7 million compared to $210.5 million for the year-to-date period ending November 26, 2005 an increase of 22.4%. Same store sales for the year-to-date period ending November 25, 2006 increased 10.4% compared to an increase of 11.2% for the year-to-date period ending November 26, 2005.
“The first three weeks of November were below our expectations, but this was offset by a very strong customer response to our week four and Black Friday offering. As we enter December, we are currently looking forward to the customer response to the 825,000 Holiday Gift Giving Catalogs that will be in home this week. However, if December results are similar to November, second quarter results will be at the lower end of the guidance previously provided.” said Greg Scott, Chief Executive Officer.
As of November 25, 2006, finished goods inventory per square foot was approximately 12% higher as compared to the prior year.
bebe stores, inc. provides additional information on a recorded message. Interested parties are invited to listen to the message by calling 1-877-232-3757.
bebe stores, inc. designs, develops and produces a distinctive line of contemporary women’s apparel and accessories, which it markets under the bebe, COLLECTION bebe, Neda by bebe, Neda, BEBE SPORT and bebe O brand names. bebe currently operates 256 stores, of which 188 are bebe stores, 20 are bebe outlet stores, 47 are BEBE SPORT stores and 1 is a Neda by bebe store. These stores are located in the United States, Puerto Rico and Canada. In addition, there is an online store at www.bebe.com.
The statements in this news release and on our recorded message, other than the historical financial information, contain forward-looking statements that involve risks and uncertainties that could cause actual results to differ from anticipated results. Wherever used, the words “expect,” “plan,” “anticipate,” “believe” and similar expressions identify forward-looking statements. Any such forward-looking statements are subject to risks and uncertainties and the company’s future results of operations could differ materially from historical results or current expectations. Some of these risks include, without limitation, miscalculation of the demand for our products, effective management of our growth, decline in comparable store sales performance, ongoing competitive pressures in the apparel industry, changes in the level of consumer spending or preferences in apparel, loss of key personnel, difficulties in manufacturing, disruption of supply, adverse economic conditions, and/or other factors that may be described in the company’s annual report on Form 10-K and/or other filings with the Securities and Exchange Commission. Future economic and industry trends that could potentially impact revenues and profitability are difficult to predict.
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