Bebe Stores Inc. said its normalized net income for the fiscal second quarter ended Jan. 3 amounted to 3 cents per share, compared with the S&P Capital IQ consensus estimate of a loss of 20 cents per share.
The per-share result swung to a profit from the prior-year loss of 29 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $214,380, compared with a loss of $2.3 million in the prior-year period.
The normalized profit margin climbed to 0.2% from negative 1.9% in the year-earlier period.
Total revenue increased year over year to $128.9 million from $123.3 million, and total operating expenses climbed on an annual basis to $128.6 million from $127.1 million.
Reported net income came to a loss of $20,000, or a loss of 0 cents per share, compared to a loss of $4.7 million, or a loss of 60 cents per share, in the prior-year period.
