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bebe stores, inc. Announces Quarterly Cash Dividend

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Board declares quarterly cash dividend of $0.02 per share

SAN FRANCISCO--(BUSINESS WIRE)-- bebe stores, inc. (OTCQB:BEBE) (the “Company”) today announced that its Board of Directors declared a quarterly cash dividend of two cents ($0.02) per share of the Company’s common stock payable March 3, 2023, to shareholders of record as of February 17, 2023. The primary constraints to the Company’s cash flow that led to a lower dividend this quarter were increased investments in our existing Buddy’s store operations and higher debt servicing expenses. The Company believes these investments in operations will increase its long-term earnings potential and have a positive effect on future cash flows and dividends.

About bebe stores, inc.

bebe is a global specialty licensor of fashion apparel and accessories that distributes bebe-branded products worldwide through licensees in approximately 100 international stores and online. bebe also owns and operates, through subsidiaries, approximately 60 rent-to-own Buddy’s Home Furnishings franchise stores located in the Southeastern U.S., offering furniture, appliances and electronics to consumers through rent-to-own agreements, along with other investments in brand royalty joint ventures.

bebe stores, inc.

Investor-relations@bebe.untd.com

(415) 251-3355

Source: bebe stores, inc.

bebe stores, inc.

OTC:BEBE

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29.35M
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About BEBE

about bebe bebe is the go-to destination for chic, contemporary fashion. the brand evokes a mindset - an attitude, not an age. it's a true original, always defining fashion's next stride forward. designed for the confident, sexy, modern woman, bebe is a global label that embodies a sensual, sophisticated lifestyle. chairman and founder manny mashouf opened the first bebe boutique in 1976 in san francisco. recognizing a demographic that was neither junior nor bridge, manny created the first contemporary fashion brand. over 35 years later, bebe has established itself as one of the world's top fashion retailers. bebe stores within its stores and on bebe.com, bebe seeks to create an upscale, visually stimulating boutique environment while providing top-notch service to ensure an exceptional shopping experience. stylists are knowledgeable, passionate about fashion and skilled at addressing clients'​ styling needs. bebe also offers a line of merchandise branded with the distinctive bebe logo