bebe stores, inc. Announces First Quarter EPS of $.01

bebe stores, inc. BEBE today announced unaudited financial results for the first quarter ended October 2, 2010. Net sales from continuing operations for the first quarter of fiscal 2011 were $117.9 million, a decrease of 2.4 percent compared to $120.8 million for the fiscal quarter ended October 3, 2009. As previously reported, comparable store sales for the fiscal quarter ended October 2, 2010 decreased 4.7 percent compared to a decrease of 25.7 percent in the prior year. Operating loss from continuing operations for the first quarter of fiscal 2011 was $1.1 million or 1.0 percent of net sales, compared to an operating loss of $2.9 million or 2.3% of net sales for the same period of the prior year. During the quarter, the Company had a net loss from continuing operations of $675,000 or $0.01 per share on 84.7 million shares outstanding, compared to a net loss of $2.4 million or $0.03 per share on 86.8 million shares outstanding in the prior year fiscal first quarter.