| | Exhibit 99.1 |
Contact: | Walter Parks | |
| Chief Operating Officer | |
| bebe stores, inc. | |
| (415) 715-3900 | |
bebe stores, inc. Announces Fiscal Second Quarter 2008 Sales
BRISBANE, CALIF. — January 10, 2008 — bebe stores, inc. (Nasdaq: BEBE) today reported retail sales of $201.9 million for the fiscal quarter ended January 5, 2008, an increase of 3.0% compared to sales of $196.2 million for the fiscal quarter ended December 30, 2006. Same store sales for the fiscal quarter ended January 5, 2008 decreased 7.9% compared to an increase of 5.5% in the prior year.
Retail sales for the year-to-date period ended January 5, 2008 were $360.4 million compared to $352.3 million for the year-to-date period ended December 30, 2006, an increase of 2.3%. Same store sales for the year-to-date period ending January 5, 2008 decreased 8.5% compared to an increase of 8.6% for the year-to-date period ending December 30, 2006.
As of January 5, 2008, average finished goods inventory per square foot was approximately 6% lower 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. will host a conference call on Thursday, January 31, 2008 at 1:30 P.M. Pacific Time to discuss second quarter results. Interested parties are invited to listen to the conference by calling (888) 889-5848. A replay of the call will be available for approximately one week by calling (866) 393-0872. A link to the audio replay will be available on our web site at www.bebe.com following the conference call.
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, BEBE SPORT, bbsp and bebe O brand names. bebe currently operates 290 stores, of which 208 are bebe stores, 20 are bebe outlet stores, 61 are BEBE SPORT stores and 1 is a bebe accessories store. These stores are located in the United States, U.S. Virgin Islands, 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.
