NEW YORK —Bebe Stores Inc.’s ongoing inability to get stock into its stores cut into its fourth-quarter profits.
The Brisbane, Calif.-based firm reported Wednesday that for the three months ended June 30, net income tumbled 18 percent to $3.3 million, or 13 cents a diluted share, a penny ahead of Wall Street’s forecast and above its already-raised expectations. Last year, Bebe earned $4 million, or 15 cents. Sales for the quarter rose 9.1 percent to $80.1 million from $73.5 million and were up 2.9 percent on a comparable-store basis.
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