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Winter weather takes bite out of Bebe’s third-quarter sales
Bebe Stores is updating its net loss per share guidance for the third quarter ended April 5 based on its preliminary financial results.
Comparable store sales for the quarter decreased approximately 5.7%. Net sales were approximately $93 million, a decrease of 17.2% from $113 million reported for the third quarter a year ago. The company said the sales decrease was due partially to one fewer retail week in January in the current fiscal year coupled with the closure of 19 unproductive stores since the prior year third fiscal quarter.