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Bebe Stores, Inc. Message Board

  • retail_stk_investor retail_stk_investor Nov 8, 2011 5:23 PM Flag

    2nd Quarter Conference Call Summary

    Key Points:

    * The regular analysts that follow the company were very pleased with the improved performance; merchandise and stores looked great

    * Many analyst questions focused on the ability of the company to increase profits to historic levels

    * The recent "merchandise margins" are near peak historic levels due to more sales at full price and reduced markdowns

    * Sales are still below historic levels, which has created negative leverage on occupancy and fixed costs

    * The key driver for improved profits will be to increase sales, which will create positive leverage on occupancy and fixed costs

    * Asked whether returning to historic levels of profitability is possible, management said it would be probably be very difficult

    * October sales are much better than was planned

    * Not planning to be highly promotional during the holiday season like last December

    * Company guidance for the 4th quarter reflects uncertainty due to the overall economic environment

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