Article: bebe stores, inc. Announces First Quarter Results.(Financial report)

bebe stores, inc. (NASDAQ:BEBE) announced unaudited financial results for the first quarter ended October 3, 2009.

Net sales for the quarter ended October 3, 2009 were $125.7 million versus $163.3 million reported for the quarter ended October 4, 2009. Sales decreased 23.0% compared to the corresponding quarter in the prior year. Same store sales for the quarter ended October 3, 2009 decreased 25.7% compared to a decrease of 10.8% for the prior year quarter.

Gross margin as a percentage of net sales decreased to 36.7% in the first quarter of fiscal 2010, compared to 44.9% in the first quarter of fiscal 2009. The decrease in gross margin as a percentage of ...

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