| Price Range 12mo avg: | $0 – $ |
|---|---|
| $/sf 12mo avg: | $ |
| CAP Rate 12mo avg: | % |
| NOI average: | $0 |
| Lease Terms: | yrs |
| Building Size avg: | 0 SF |
| Lot Size avg: | +/- acres |
Average Sale and Lease Details coming soon.
About Cost Plus Market
In the late 1950s, a San Francisco businessman turned traveler and importer began selling shiploads of hand-woven wicker from one of the city’s piers. As crates were unloaded, locals lined up and loaded up. Even curious tourists were drawn to the unique and unusual.
With such a receptive audience eagerly awaiting his return, it only made sense to open a store. And in 1958 he opened the first store in San Francisco’s famed Fisherman’s Wharf and called it Cost Plus World Market. The store quickly became a destination for those who craved original and handmade items from around the world. Items were sold at cost, plus ten percent – hence the name Cost Plus World Market!
More than fifty years later it’s still our passion to discover extraordinary finds from all over the world and make them accessible to all.
Our everyday low prices and high-quality, original items are a great value. Choose from eye-catching, trend-setting home accents, an awe-inspiring array of international foods and wines, and much more.
We bring the beauty and excitement of global bazaars to you. Our selection is always changing, and, like favorite mementos from your life, each item has a story worth sharing. From Balinese baskets, pottery from Portugal and collectibles from Africa to scrolled artwork inspired by Spanish artifacts – each store is a treasure trove.
Gifts galore fill our floors – you’ll find something for everyone, from children to parents. And when you need entertaining essentials, we’re your one-stop shop – whether you’re hosting a holiday or a very personal special occasion.
There are over 265 Cost Plus World Market stores nationwide.
Bed Batch & Beyond (NASDAQ: BBBY) is the parent company of Cost Plus World Market since being acquired in 2012.
| S&P Credit Rating: | A- |
|---|---|
| Moody’s Credit Rating: | Baa1 |
| Annual Revenue 2013: | $11.5B |
| Annual Revenue 2012: | $10.9B |
| Revenue Growth: | ↑ 5% from 2012 |
| Net Income | $1.022B |
| Units (Mar. 2014) | 265 |
| Average Units Volume: | $7.69M |
Yahoo! Finance: BBBY News Latest Financial News for BBBY
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Bed Bath & Beyond Inc. To Announce Fiscal 2019 Second Quarter Earnings Results On October 2, 2019
on September 18, 2019 at 8:15 pm
UNION, N.J., Sept. 18, 2019 /PRNewswire/ -- Bed Bath & Beyond Inc. (Nasdaq: BBBY) today announced that it will report its fiscal 2019 second quarter financial results after the market close on Wednesday, ... […]
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Earnings Preview: Bed Bath & Beyond (BBBY) Q2 Earnings Expected to Decline
on September 18, 2019 at 2:30 pm
Bed Bath & Beyond (BBBY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations. […]
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Keurig Adds Coffee-Maker Line, New Facility to Create Jobs
on September 17, 2019 at 1:13 pm
Keurig (KDP) opens production and supply-chain facility in Allentown, PA, which should add 400 jobs. Further, it expands the coffee-maker line, with the launch of the K-Duo portfolio. […]
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Wells Fargo Commercial Mortgage Trust 2016-C35 -- Moody's affirms eight classes of WFCM 2016-C35
on September 16, 2019 at 10:27 pm
Moody's rating action reflects a base expected loss of 5.7% of the current pooled balance, compared to 4.9% at Moody's last review. Exceptions to this approach exist for the following disclosures, if applicable to jurisdiction: Ancillary Services, Disclosure to rated entity, Disclosure from rated entity. […]
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Activist Investors Could Unlock Value of BBBY Stock
on September 13, 2019 at 5:37 pm
Bed Bath & Beyond (NASDAQ:BBBY) stock has long been a "value trap." The company has traded at a low valuation for years. But the company faces tough challenges. Amazon (NASDAQ:AMZN) and other e-commerce giants threaten its business model. But more aggressive investors are finding value in this deeply-discounted retailer.Source: Jonathan Weiss / Shutterstock.com Activist hedge funds (led by Legion Partners) have taken a position in BBBY stock. The activists had initial success shaking up the board, but investors soon lost interest in a BBBY turnaround. * 7 Discount Retail Stocks to Buy for a Recession Real catalysts are finally emerging as the company hired Goldman Sachs to help with asset sales. With BBBY stock selling at a fraction of its intrinsic value, interest from buyers may indicate short-term upside. Since making the announcement in late August, shares are up from $8.63 a share to $10.64 a share at the close Sept. 13. Does this mean its time to buy Bed Bath & Beyond stock? Let's see if there's additional upside on the table.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Unlocking Value With BBBY StockBack in March, a group of activists (Legion Partners, Marcellum Advisors, Ancora Advisors) took a position in BBBY stock. Their intent was to replace the current board with their hand-picked slate of directors. Shares soared from about $14 a share up to $19.57 a share. The activist group failed to completely takeover BBBY's board, but managed to get the CEO ousted and get several new directors added to the board.But the activist catalyst soon dissipated. Shares crashed, falling more than 50% from this 52-week high. But the activists may now have the chance to do their magic. The company hired Goldman Sachs to advise on offers for several BBBY subsidiaries.BBBY has short interest of 53%. This means short-sellers have taken bearish positions equal to more than half of the company's market cap. But any positive news at the company could lead to a share surge. This is due to short-sellers having to cover their positions.Selling non-core business would boost BBBY stock. The company could use the proceeds to do a share buyback. They could also use the money to fuel a turnaround. The company issued a press release on Sept. 4 detailing their strategy. Bed Bath & Beyond plans on closing under-performing stores and reducing inventory by $1 billion over the next 18 months.There seem to be interested buyers waiting in the wings. A former executive wants to buy BBBY's Cost Plus unit for $250 million. The company's Personalization Mall business has offers of $250-$300 million from 1-800-Flowers.com (NASDAQ:FLWS) and Things Remembered. Oak Street Real Estate wants to buy up BBBY's real estate.But what is the underlying value of Bed Bath & Beyond stock? Can the company profit from a corporate yard sale? Or is the upside already priced in? Let's take a look at the intrinsic value of BBBY stock. Bed Bath & Beyond Stock Valuation"Sum of the parts" is the best way to value BBBY stock. The company could easily sell its non-core retail chains. They could do a sale-leaseback of their company-owned real estate. Combined with inventory reductions, a material amount of capital could be extracted, all while maintaining the core Bed Bath & Beyond chain.Legion Partners detailed this in their July investor letter. Along with the flagship Bed Bath & Beyond chain, BBBY owns buybuyBABY, Cost Plus World Markets, Christmas Tree Shops, and Harmon Face Values. The company also owns over 4.4 million square feet of real estate. Legion gives a conservative valuation of $1.2 billion for the non-core chains. Their estimate of the underlying real estate value is $600 million.Bed Bath & Beyond has a market cap of $1.3 billion. The company has over $900 million in cash and short-term investments, and $3.78 billion in outstanding debt. Its enterprise value is $4.2 billion. Subtract the potential asset sales, and investors are essentially getting the flagship chain for free. Legion estimates the core business generates $500 million per year in EBITDA.However, most stock screeners include BBBY's $2.19 billion in short and long-term operating lease liabilities as debt. Legion Partner's estimates exclude this amount. Keep this in mind when using their valuation metrics, however, Legion also estimates the company could double EBITDA to $1 billion a year. Assigning a 6.2x EBITDA multiple values the core business at $6.5 billion. Subtracting the lease liabilities would leave investors with approximately $4.3 billion valuation, more than three times the company's current market value. BBBY Stock Worth A ConsiderationBBBY stock is not a slam-dunk value play. The company is undervalued, but the numbers are not as crystal clear as Legion Partners implies. The company faces tough competitive headwinds. Its planned turnaround may not pay off.But with a high level of short interest, a spate of good news could push shares higher. It could take years for Bed Bath & Beyond stock to completely turnaround. At the current valuation levels, however, there is sufficient margin of safety for aggressive investors to take a position.As of this writing, Thomas Niel did not hold a position in any of the aforementioned securities More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Big IPO Stocks From 2019 to Watch * 7 Discount Retail Stocks to Buy for a Recession * 7 Stocks to Buy Benefiting From Millennial Money The post Activist Investors Could Unlock Value of BBBY Stock appeared first on InvestorPlace. […]
NASDAQ: BBBY
