On Thursday, Jan. 25, capital letter-starved fashion retailer bebe (NASDAQ:BEBE) released Q2 2007 earnings for the period ended Dec. 31, 2006.

  • Sales were up 17% to $196.8 million.
  • Profits fell 3% to $24.3 million or $0.26 per share, from $25 million or $0.27 per share.
  • Same-store sales increased 5.5% for the quarter.
  • bebe has a four-star rating at Motley Fool CAPS.

(Figures in thousands, except per-share data)

Income Statement Highlights

Q2 2007

Q2 2006

Change

Sales

$196,802

$167,895

17.2%

Net Profit

$24,273

$25,009

(2.9%)

EPS

$0.26

$0.27

(3.7%)

Diluted Shares

95,184

92,979

2.3%



Get back to basics with a look at the income statement.

Margin Checkup

Q2 2007

Q2 2006

Change*

Gross Margin

47.9%

50.7%

(2.8)

Operating Margin

18.0%

22.8%

(4.8)

Net Margin

12.3%

14.9%

(2.6)

*Expressed in percentage points.

Margins are the earnings engine. See how they work.

Balance Sheet Highlights

Assets

Q2 2007

Q2 2006

Change

Cash + ST Invest.

$381,928

$325,400

17.4%

Inventory

$46,343

$35,500

30.5%



Liabilities

Q2 2007

Q2 2006

Change

Current Liabilities

$71,389

$65,363

9.2%



A complete balance sheet was not provided with the press release. That's whack!

Learn the ways of the balance sheet.

Cash Flow Highlights

No cash flow statement was provided with the press release. Boo!

Find out why Fools always follow the money.

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  • Guess? (NYSE:GES)
  • Charlotte Russe (NASDAQ:CHIC)
  • Cache (NASDAQ:CACH)
  • Cato (NYSE:CTR)

Related Foolishness:

bebe is a Motley Fool Stock Advisor recommendation. Check out Tom and David Gardner's flagship newsletter service free for 30 days.

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At the time of publication, Rich Duprey had no positions in any of the companies mentioned in the article. Fool rules are here.