Bebe Stores Q4 profit doubles, plans net new store growth

Brisbane Calif. -- Bebe Stores reported Thursday that profit for the fourth quarter doubled to $4.7 million, from $2 million in the year-ago period. Revenue rose 8% to $132.3 million, compared with $122.1 million last year and beating Wall Street expectations of $126.1 million. Same-store sales grew 7%. For the year, the company narrowed its loss to $1.8 million, from $5.2 million in fiscal 2010. Annual revenue increased 3% to $493.3 million. Bebe said it expects to open four Bebe stores and as many as seven 2b stores in the new fiscal year. That includes two stores that could