Bebe reports preliminary Q2 net loss

Brisbane, Calif. – Bebe Stores Inc. reported a preliminary net loss of $24.2 million for the second quarter of fiscal 2014, up from $20.8 million the second quarter of the prior fiscal year. The loss includes costs related to the discontinuation of Bebe’s 2b business, which was shut down July 5.



Net sales were $103.6 million, a decrease of 9% from $113.5 million. Same-store sales dropped 1.9%.

Jim Wiggett, CEO, remained optimistic in his comments about Bebe’s future:

“Looking ahead, we will continue to focus our efforts on re-building the Bebe brand, enhancing the product offering and merchandising the stores by lifestyle occasion, while maintaining a compelling fashion and value equation for our customers,” he said. “In addition to driving sales and improving margin, our focus will also continue to be on pragmatically preserving cash with the goal of delivering value to our shareholders.”