(Corrects text throughout to fix net loss figures and to
clarify that earnings from continuing operations are comparable
with analyst estimates)
* Q2 cont ops EPS $0.02 in line with Street
* Q2 revenue up 3 pct
Feb 3 Bebe Stores Inc's (BEBE.O) quarterly
profit from continued operations met estimates despite
weakening demand in a snow-hit late-December as it kept costs
under control, but the apparel retailer forecast a
third-quarter loss that could miss market consensus by 4 cents.
Like most mall-based retailers, Bebe, which caters to
21-to-34-year-olds with its fashionable party and professional
wear, felt the impact of harsh winter snow that kept shoppers
Bebe had shifted away from its core customer base to focus
on more mature buyers, but failed to make a profit in five of
the previous seven quarters, prompting it to woo back its core
The Brisbane, California-based retailer expects a
third-quarter loss from continuing operations of 2-6 cents a
share. Analysts, on average, were expecting a loss of 2 cents a
share, according to Thomson Reuters I/B/E/S.
Net loss for the October-December quarter came in at $2.7
million, or 3 cents a share, compared with a profit of $2.4
million, or 3 cents a share, a year earlier.
Quarterly revenue rose 3 percent to 136.2 million.
The company earned $1.6 million, or 2 cents a share, from
continuing operations in the period.
On that basis, analysts were expecting earnings of 2 cents
a share on revenue of $136.5 million, according to Thomson
Shares of the company were down 2 cents at $5.69 in after
market trade on Thursday on Nasdaq.
(Reporting by Aditi Sharma and Nivedita Bhattacharjee in
Bangalore; Editing by Jarshad Kakkrakandy)