Beeba’s Creations Reports Net Up 6%
Beeba’s Creations reported that net income rose by 6% to $1.6 million and revenue fell by 2% to $33.4 million for the third quarter ended May 31.
Net income rose by 12% to $2.8 million and revenue rose by 12% to $72.7 million for the nine-month period ended May 31.
Beeba’s, a contract clothing manufacturer, also reported that it had extended until July 31 a letter of intent to sell a 20% interest in the company to J.C. Penney. The companies expect to conclude their deal before that date, according to a Beeba’s spokesman.