UPDATE: Bebe Posts Downbeat Q1 Sales

Bebe Stores

reported downbeat first-quarter sales. Bebe's quarterly sales declined 9.4% to $105.1 million in the quarter, versus analysts' estimates of $116.8 million. Its comparable store sales dropped 8.7%, versus a rise of 7%, in the year-ago period. Bebe shares closed at $4.67 yesterday.