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Discount Stores

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Dollarama Q3 earnings per share C$0.92

Wednesday, 7 Dec 2016 07:00am EST

Dollarama Inc : Sees FY 2017 gross margin 38.0% to 39.0% , fiscal 2018 gross margin 37.0% to 38.0% . Dollarama Inc sees comparable store sales growth in range of 4.5% to 5.5% for fiscal 2017 . Q3 same store sales rose 5.1 percent . Dollarama Inc - "looking at network growth, we are on track to open 60 to 70 net new stores, as planned, by fiscal year end" . Dollarama Inc sees capital expenditures for 2018 $90.0 million to $100.0 million . Dollarama Inc sees for fiscal 2018, EBITDA margin 21.5% to 23.0% . Dollarama reports third quarter results . Q3 sales C$738.7 million versus I/B/E/S view c$738.5 million . Q3 earnings per share C$0.92 .Q3 earnings per share view C$0.86 -- Thomson Reuters I/B/E/S.

U.S. CPSC says Target reannounces recall of menorahs due to fire hazard

Tuesday, 6 Dec 2016 04:03pm EST

U.S. Consumer Product Safety Commission : U.S. Consumer Product Safety Commission - Target reannounces recall of menorahs due to fire hazard .U.S. CPSC - menorahs can melt when candles are burning, posing a fire hazard.

Big lots sees FY 2016 adjusted non-GAAP earnings per share $3.55 to $3.60

Friday, 2 Dec 2016 06:00am EST

Big Lots Inc : Sees FY 2016 adjusted non-GAAP earnings per share $3.55 to $3.60 from continuing operations . Sees Q4 2016 adjusted non-gaap earnings per share $2.18 to $2.23 from continuing operations . Big Lots Inc - company increases outlook for fiscal 2016 adjusted eps . Big Lots Inc - comparable store sales were flat for q3 of fiscal 2016, compared to our guidance of flat to an increase of 2% . Big Lots Inc - net sales for quarter decreased 1.0% to $1,105 million, a result of a lower store count year-over-year . Big Lots Inc - qtrly reported income from continuing operations of $0.03 per diluted share . Q3 adjusted non-GAAP earnings per share $0.04 from continuing operations excluding items . Big Lots Inc - inventory ended Q3 of fiscal 2016 at $1,036 million, a 1% decrease compared to $1,047 million for q3 of fiscal 2015 . Updates guidance for fiscal 2016 cash flow to $195 million . Affirms guidance for fiscal 2016 comparable store sales increase in range of 1% to 2% . Big lots-now expect to complete process of terminating legacy pension plans during Q4 of fiscal 2016 with cash payouts totaling approximately $15 million . Q3 earnings per share view $-0.01, revenue view $1.12 billion -- Thomson Reuters I/B/E/S . Fy earnings per share view $3.53 -- Thomson Reuters I/B/E/S .Q4 earnings per share view $2.21 -- Thomson Reuters I/B/E/S.

Dollar General CEO - States which've seen SNAP reductions are about 100 basis pts worse in comparable sales

Thursday, 1 Dec 2016 11:35am EST

Dollar General Corp : CEO on conf call - Q3 comparable sales hurt by softer customer traffic . CEO - estimate combined headwinds from average unit retail price deflation and reduction in SNAP benefits hurt Q3 same-store sales by 150 -175 basis pts, Q2 by 100-115 basis pts . Proactive pricing actions were implemented selectively across about 17% of store base and on about 450 items . CEO - "while these investments (proactive pricing actions) take time to deliver the full impact, seeing expected improvements in transactions, units and weekly same-store sales across vast majority of stores where we've made these investments." . CEO - "we invested in incremental promotional activity to drive traffic, although results were mixed and did not meet our overall expectations" . CEO - "as we moved through Q3, became apparent that our incremental actions would not be able to overcome the decline in traffic ...requiring greater-than-anticipated markdowns to move through inventory" . CEO - plan about 1,000 new store openings in 2017 . CEO - "clearly, our consumers' budgets are pinched" . CEO - "the cumulative effect of macroeconomic factors such as reduction of snap participation and benefit levels and increased housing and healthcare expenses appear to have taken a noticeable toll on (consumer) spending" . CEO - states which've seen SNAP reductions have seen comps go down by about 100 basis points.

Sanyo Homes to fully buy real estate unit of Noritsu Koki Co Ltd

Tuesday, 29 Nov 2016 02:04am EST

Sanyo Homes Corp <1420.T>: Says it will buy 100 percent stake in real estate unit of Noritsu Koki Co Ltd <7744.T> on Jan. 5, 2017 . Says the acquisition price is not disclosed .Says the co plans to merge the newly acquired real estate unit on March 1, 2017.

Ocado begins operations at Andover CFC, expects rise in volumes

Friday, 25 Nov 2016 06:30am EST

Ocado Group Plc :Commenced operations from its Andover CFC, expect volumes will increase over coming months.

Dollar Tree posts Q3 earnings per share of $0.72

Tuesday, 22 Nov 2016 07:31am EST

Dollar Tree Inc : Dollar Tree Inc reports results for the third quarter fiscal 2016 . Says Q3 operating performance was near top end of Q3 EPS guidance range of $0.76 to $0.82​ . Sees FY 2016 earnings per share $3.67 to $3.76 . Q3 earnings per share $0.72 . Sees Q4 2016 sales $5.59 billion to $5.69 billion . Sees FY 2016 sales $20.67 billion to $20.77 billion . Q3 sales $5.0 billion versus I/B/E/S view $5.07 billion . Q3 earnings per share view $0.78 -- Thomson Reuters I/B/E/S . Sees Q4 2016 earnings per share $1.24 to $1.33 . Qtrly same-store sales increased 1.7 pct . Sees low single-digit increases in same-store sales for dollar tree and family dollar segments in Q4 . FY earnings per share view $3.79, revenue view $20.86 billion -- Thomson Reuters I/B/E/S . Q4 earnings per share view $1.29, revenue view $5.62 billion -- Thomson Reuters I/B/E/S .Qtrly operating performance of $0.81 per diluted share.

Burlington Stores Q3 earnings per share $0.45

Tuesday, 22 Nov 2016 06:45am EST

Burlington Stores Inc : Burlington Stores Inc - for full fiscal year 2016 expects comparable store sales to increase in range of 3.9% to 4.2% . Burlington Stores Inc - for full fiscal year 2016 expects to open 25 net new stores . Burlington Stores Inc - net sales increased 9.1%, or $111.7 million, to $1,342.6 million in Q3 . Burlington Stores Inc announces third quarter and first nine months fiscal 2016 results . Q3 adjusted earnings per share $0.51 . Q3 same store sales rose 3.7 percent . Sees FY 2016 adjusted earnings per share $3.11 to $3.15 . Sees Q4 2016 sales up 6.6 to 7.6 percent . Q3 earnings per share $0.45 . Q3 earnings per share view $0.33 -- Thomson Reuters I/B/E/S .Sees FY 2016 sales up 8.4 to 8.7 percent.

Vipshop reports Q3 net income attributable to co shareholders $0.09/diluted ADS

Monday, 21 Nov 2016 04:05pm EST

Vipshop Holdings Ltd : Vipshop reports unaudited third quarter 2016 financial results . Sees Q4 2016 revenue RMB 18 billion to RMB 18.5 billion . Q3 net income attributable to Vipshop's shareholders per diluted ADS $0.09 . Q3 non-GAAP net income attributable to Vipshop's shareholders per diluted ADS $0.15 .Q3 revenue RMB 12 billion versus I/B/E/S view RMB 12.25 billion.

TJX Cos says expects Q4 consol sales $9.3 bln-$9.4 bln - conf call

Tuesday, 15 Nov 2016 12:22pm EST

Tjx Companies Inc : TJX cos executive - sees Q4 consol sales $9.3 billion-$9.4 billion, guidance assumes 2 percent negative impact to revenue due to translational foreign exchange - conf call . TJX cos executive - continue to anticipate buying back $1.5 bln to $2 bln of TJX stock this year - conf call . TJX cos executive - co's research shows millennial shoppers make up biggest percentage of co's new customers in the U.S. - conf call . TJX cos executive - there clearly could be some pressure for foreign exchange next year, primarily with British pound impact on Europe business - conf call Further company coverage: [TJX.N] ((Bangalore.newsroom@thomsonreuters.com;)).

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