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Nov. 11, 2020, 3:06 p.m. EST

Bebe shares soar after $35 million acquisition adds 47 home furnishing franchise locations

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By Tonya Garcia

Bebe Stores Inc. /zigman2/quotes/209257234/composite BEBE 0.00% stock soared more than 35% in Wednesday trading after the women's apparel and accessories brand purchased 47 Buddy's Home Furnishings franchised rent-to-own locations from Franchise Group Inc. /zigman2/quotes/210395132/composite FRG -1.30% for $35 million. The stores are located across the southeastern U.S. The purchase is "materially accretive to Bebe's cash flow over time" and "diversifies Bebe's profit stream over time," according to a statement from Manny Mashouf, chief executive of Bebe. The deal was funded by a 1.5 million primary share purchase by B. Riley Financial Inc. /zigman2/quotes/207546924/composite RILY -3.16% at $5 per share, cash on hand, and a $22 million secured loan. Bebe stock has dropped 17.2% over the year to date while the S&P 500 index /zigman2/quotes/210599714/realtime SPX -0.95% is up 10.3% for the period.

/zigman2/quotes/209257234/composite
US : U.S.: OTC
$ 5.12
0.00 0.00%
Volume: 26.00
May 10, 2021 3:08p
P/E Ratio
9.28
Dividend Yield
4.69%
Market Cap
$65.92 million
Rev. per Employee
N/A
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/zigman2/quotes/210395132/composite
US : U.S.: Nasdaq
$ 35.68
-0.47 -1.30%
Volume: 4,285
May 11, 2021 9:46a
P/E Ratio
N/A
Dividend Yield
4.25%
Market Cap
$1.45 billion
Rev. per Employee
$266,300
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/zigman2/quotes/207546924/composite
US : U.S.: Nasdaq
$ 73.94
-2.41 -3.16%
Volume: 43,886
May 11, 2021 9:56a
P/E Ratio
3.62
Dividend Yield
2.29%
Market Cap
$2.08 billion
Rev. per Employee
$928,468
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/zigman2/quotes/210599714/realtime
US : S&P US
4,148.79
-39.64 -0.95%
Volume: 394.28M
May 11, 2021 9:56a
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