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Discount Stores

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Big Lots says qtrly comparable store sales up 3 pct

Friday, 27 May 2016 06:00am EDT

Big Lots Inc : Sees FY 2016 adjusted non-GAAP earnings per share $3.35 to $3.50 from continuing operations . Q1 adjusted non-GAAP earnings per share $0.82 from continuing operations excluding items . Q1 earnings per share view $0.70 -- Thomson Reuters I/B/E/S . Sees Q2 2016 adjusted non-gaap earnings per share $0.42 to $0.47 from continuing operations . Qtrly comparable store sales increase 3.0 pct . Q1 EPS from continuing operations of $0.79 . Increases outlook for fiscal 2016 adjusted EPS . Inventory ended Q1 of fiscal 2016 at $807 million , compared to $835 million for Q1 of fiscal 2015 . Provides initial Q2 guidance for adjusted income from continuing operations of $0.42 to $0.47 per diluted share . Provides initial Q2 guidance for comparable store sales in range of flattish to an increase of 2 pct . Updates guidance for fiscal 2016 adjusted income from continuing operations to be in range of $3.35 to $3.50 per diluted share (non-GAAP) . Affirms guidance for fiscal 2016 comparable store sales increase in low single digits . Net sales for Q1 of fiscal 2016 increased 2.5 pct to $1,312.6 million . FY earnings per share view $3.30, revenue view $5.23 billion -- Thomson Reuters I/B/E/S . Q2 earnings per share view $0.45, revenue view $1.22 billion -- Thomson Reuters I/B/E/S .Q1 revenue view $1.30 billion -- Thomson Reuters I/B/E/S.

Grupo Gigante sells Dos Patios y Diseno brand for $117.5 mln

Thursday, 26 May 2016 11:33am EDT

Grupo Gigante SAB de CV : Said on Wednesday sold to UIR Polanco SA de CV, unit of Union Investment Real Estate GmbH , property known as Corporativo Dos Patios, a Dos Patios y Diseno brand and related lease rights for $117.5 million plus VAT .Says sold the asset to obtain funds to decrease debt and strengthen its business plan.

Dollar Tree CEO on conf call- "In all retail cycles consumers are looking for value"

Thursday, 26 May 2016 10:01am EDT

Dollar Tree Inc : On conf call- top-performing categories included household products, food, snacks and beverage and party supplies . On conf call- same-store sales growth was strongest in the Mid Atlantic followed closely by the midwest and the northeast . On conf call- primary contributor to year-over-year increase in inventory levels relates to west coast port disruptions a year ago . On conf call- believe current inventory levels appropriate to support scheduled new store openings and q2 sales initiatives . On conf call- inventory per selling square foot increased 7.2% at Q1 quarter end . On conf call- have budgeted lower diesel fuel and import freight costs than a year ago in outlook . Ceo on conf call- "in all retail cycles consumers are looking for value no matter what the state of the economy" . Exec on conf call- "when times are tough we'll sell more consumer goods when times improve we sell a little more discretionary" . Exec on conf call- in Q1 sold a little more discretionary product because of the impact of easter . Exec on conf call- our discretionary business has been a very bright spot for us, outpacing our consumables this quarter Further company coverage: [DLTR.O] (Bengaluru Newsroom: +1 646 223 8780).

Fred's reports qtrly net sales $549.5 mln versus $509 mln

Thursday, 26 May 2016 07:45am EDT

Fred's Inc : Fred's reports first quarter 2016 earnings of $0.03 per share . Q1 earnings per share $0.03 . Q1 sales rose 8 percent . Q1 same store sales rose 1 percent . Q1 earnings per share view $0.02 -- Thomson Reuters I/B/E/S . "Continue to see gross margin pressure in pharmacy department, margin increases in general merchandise departments" . For Q2, total sales are projected to range from flat to an increase of 2 pct versus same quarter last year . Comparable store sales are projected to range from flat to an increase of 2 pct for Q2 . Sees company now expects total sales to increase 2 pct for FY . Sees FY comparable store sales to increase 1 pct to 4 pct . Change in FY outlook is primarily driven by "industry-wide slowdown in hepatitis C specialty drug market" . Earnings per diluted share for fiscal 2016 are expected to range from $0.27 to $0.32 . Earnings per diluted share in Q2 projected to range from $0.00 to $0.03 . Expects May comparable store sales to range from slightly negative comp sales to flat comp sales . Q2 earnings per share view $-0.04 -- Thomson Reuters I/B/E/S . Qtrly net sales $549.5 million versus $509 million . Q1 revenue view $553.9 million -- Thomson Reuters I/B/E/S .FY earnings per share view $0.27, revenue view $2.26 billion -- Thomson Reuters I/B/E/S.

Dollar Tree posts Q1 earnings per share $0.98

Thursday, 26 May 2016 07:30am EDT

Dollar Tree Inc : Dollar tree, inc. Reports results for the first quarter fiscal 2016 . Q1 earnings per share $0.98 . Q1 earnings per share view $0.81 -- Thomson Reuters I/B/E/S . Sees low single-digit increase in same-store sales for Q2 . Sees low single-digit increase in same-store sales for FY . Q1 same store sales rose 2.3 percent . Q2 earnings per share view $0.75, revenue view $5.09 billion -- Thomson Reuters I/B/E/S . Sees FY 2016 earnings per share $3.58 to $3.80 . Sees Q2 2016 sales $5.03 billion to $5.12 billion . Sees FY 2016 sales $20.79 billion to $21.08 billion . Q1 sales $5.09 billion versus I/B/E/S view $5.1 billion .Sees Q2 2016 earnings per share $0.66 to $0.72.

Dollar General on conf call - "Consumer overall is back to work, probably feeling a little more confident and spending a little more"

Thursday, 26 May 2016 07:07am EDT

Dollar General Corp : On conf call - zero-based budgeting strategy helped in Q1 . On conf call - new segments shopping with us include an older male middle income consumer and a millennial female shopper . Consumer overall is back to work, probably feeling a little more confident and spending a little more on non-consumables Further company coverage: [DG.N] (Bengaluru Newsroom: +1 646 223 8780).

Dollar General says Q1 same store sales rose 2.2 percent

Thursday, 26 May 2016 06:55am EDT

Dollar General Corp : Dollar General reports first quarter 2016 financial results . Q1 earnings per share $1.03 . Q1 same store sales rose 2.2 percent . Q1 earnings per share view $0.95 -- Thomson Reuters I/B/E/S . As of April 29, 2016, total merchandise inventories, at cost, were $3.07 billion compared to $2.84 billion as of May 1, 2015 . Net sales increased 7.0 percent to $5.27 billion in 2016 Q1 .Q1 earnings per share view $0.95, revenue view $5.28 billion -- Thomson Reuters I/B/E/S.

Burlington Stores reports Q1 earnings per share $0.52

Thursday, 26 May 2016 06:45am EDT

Burlington Stores Inc : Announces first quarter 2016 results, exceeding guidance; raises fiscal year 2016 outlook . Q1 adjusted earnings per share $0.57 . Q1 earnings per share $0.52 . Q1 earnings per share view $0.48 -- Thomson Reuters I/B/E/S . Sees Q2 2016 adjusted earnings per share $0.20 to $0.23 . Sees FY 2016 adjusted earnings per share $2.68 to $2.78 . Sees FY 2016 sales up 7.1 to 7.6 percent . Sees Q2 2016 sales up 6.3 to 7.3 percent . Qtrly comparable store inventory decreased 9% . On a non-GAAP basis comparable store sales increased 4.3% in quarter . Q1 sales rose 8.4 percent to $1.283 billion . Merchandise inventories at quarter end were $804.7 million versus $822.3 million last year . Sees 2016 comparable store sales now to increase between 3.0% to 3.5% . Sees Q2 comparable store sales to increase in range of 2.5% to 3.5% . Q1 revenue view $1.27 billion -- Thomson Reuters I/B/E/S . Q2 earnings per share view $0.25, revenue view $1.22 billion -- Thomson Reuters I/B/E/S .FY2016 earnings per share view $2.29, revenue view $5.10 billion -- Thomson Reuters I/B/E/S.

Massmart says sales grow at 9 pct over first 21 weeks of financial year

Thursday, 26 May 2016 03:15am EDT

Massmart Holdings Ltd : For first 21 weeks of 2016 financial year, Massmart's total sales growth is 9.0 pct and comparable sales growth 6.7%, with year-to-date sales inflation of 5.4% .During 2016 we plan to open a net total of 13 new stores representing net space growth of 3.1%, and have already opened 7 stores, most reporting very strong sales.

Europris opens new store in Råde

Thursday, 26 May 2016 03:00am EDT

Europris ASA : Says opens new store in Råde .Has now network of 232 stores.

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