Teen fashion retailer bebe stores, inc. (NASDAQ:BEBE) reported on Thursday that its revenue dropped 3.7% in the fiscal Q3, and the results were lower than Wall Street predicted.
Bebe declared that its revenue dropped to $104M for the quarter ended April 6 from $108M a year before. Analysts predicted $115.3M in revenue, according to FactSet.
The firm disclosed that revenue at locations open as a minimum a year dropped 8.6%. The firm reproted that said customer traffic at those stores plunged firm to a year before, especially in February.
Revenue at stores open as a minimum a year is considered an important measurement of retailer health for the reason that it keep outs results from locations that opened or closed within the previous year.
Shares of bebe stores, inc. (NASDAQ:BEBE) opened at $4.28 with 82.85 million outstanding shares and touch its highest price of $4.33 of the day and then finished at $4.32 by scoring +0.12%, as in the whole session stocks gain volume of 971,267 shares which is higher than its average volume.
As the owner ship concerns stock institutional ownership remained 35.36% while insider ownership included 0.10%. The share capital of BEBE has 82.85 million outstanding shares amid them 35.88 million shares have been floated in market.
For investors focus on the performance of the stocks so the BEBE showed weekly ahead performance of 2.37% which was maintained for the month at 6.93%. Correspondingly the positive performance for the quarter was remained 17.07% and if took notice on yearly performance that was -52.79% whereas the year to date performance halted at 8.82%.
As the moving toward the returns measures returns on Investment ratio is significant measure which investor should have in consideration, the BEBE return on investment was recorded as -1.17% as compare to its rivals has Ross Stores, Inc. (NASDAQ:ROST)’s ROI 37.44%, Michael Kors Holdings Ltd (NYSE:KORS)’s ROI 47.90%, Nordstrom, Inc. (NYSE:JWN)’s ROI 12.48%, Ascena Retail Group Inc (NASDAQ:ASNA)’s ROI 7.58%.
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