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Target updates second quarter 2017 guidance

Thursday, 13 Jul 2017 06:42am EDT

July 13 (Reuters) - Target Corp ::Target updates second quarter 2017 guidance.Target Corp - Q2 GAAP EPS is expected to reflect 2 to 3 cents of pressure related to unfavorable resolution of tax matters​.Target Corp - ‍Company expects positive Q2 comparable sales and EPS above high end of prior guidance range​.Target Corp - ‍Target is now expecting to report a modest increase in its Q2 comparable sales​.Target Corp - ‍Company now expects to report Q2 GAAP and adjusted EPS above high end of its previous guidance range of $0.95 to $1.15​.Target - Q2 GAAP and adjusted EPS are expected to reflect a 5 to 9 cent benefit driven by net tax effect of company's global sourcing operations​.Target Corp - ‍In addition, Q2 GAAP EPS is expected to reflect 2 to 3 cents of pressure related to unfavorable resolution of tax matters​.Q2 earnings per share view $1.06 -- Thomson Reuters I/B/E/S.Target - ‍Following better-than-expected results in Q1, co has seen additional, broad-based improvement in traffic and category sales trends in Q2​.

Dream Vision to acquire property for 10 mln yen

Friday, 7 Jul 2017 04:07am EDT

July 7 (Reuters) - Dream Vision Co Ltd <3185.T>:* Says it will acquire property for 10 million yen, from Tatsumi Planning, in late July.

Big C Supercenter receives tender offer from BJC supercenter & Saowanee

Thursday, 6 Jul 2017 08:13am EDT

July 6 (Reuters) - Big C Supercenter Pcl :Received tender offer for entire securities of co for delisting of co's securities from being listed on Stock Exchange Of Thailand.Tender offer received from BJC supercenter and Saowanee Holdings.

PriceSmart says June net warehouse club sales increase 4.1 pct to $230.1 mln

Thursday, 6 Jul 2017 08:00am EDT

July 6 (Reuters) - Pricesmart Inc :Pricesmart announces june sales; also announces property acquisition in dominican republic.Pricesmart inc - for month of june 2017, net warehouse club sales increased 4.1% to $230.1 million, from $221.1 million in june a year earlier.Pricesmart inc - for ten months ended june 30, 2017, net warehouse club sales increased 3.1% to $2,429.2 million, from $2,355.4 million for ten months ended june 30, 2016.Pricesmart - for four weeks ended july 2, comparable warehouse sales for 38 warehouse clubs open at least 13 1/2 full months increased 1.5%, compared to same four-week period last year.Pricesmart - for forty-three week period ended july 2, comparable warehouse sales increased 1.4%, compared to comparable forty-three week period year ago.Pricesmart-Plans to construct warehouse club in land acquired in santo domingo, dominican republic, which it expects to open in spring of calendar year 2018.

Fred’s Pharmacy reports 1.6 pct fall in June same-store sales

Thursday, 6 Jul 2017 07:45am EDT

July 6 (Reuters) - Fred's Inc :Fred’S Pharmacy reports June sales.June same-store sales fell 1.6 percent.June sales fell 5.3 percent to $197.5 million.Says ‍fred's total sales for month decreased 5.3% year-over-year to $197.5 million from $208.5 million in June 2016​.Fred's Inc - comparable store sales for June included a negative 0.9% impact as a result of sale of low productive discontinued inventory.Fred's Inc- June combined retail and specialty pharmacy comparable store sales increased 3.5%.Fred's Inc - total sales for June decreased 5.3% year-over-year to $197.5 million from $208.5 million in June 2016.Says ‍decrease in June sales is related to closure of 39 underperforming stores in Q1 and continued pressure in front store business​.Fred's Inc - "Still expect to achieve operational profitability in Q4 of 2017".Fred's- ‍"lower than anticipated June sales and headwinds we are facing will impact our Q2 results, and we no longer expect sequential improvement from Q1".Says ‍total comparable store sales for month decreased 1.6% compared with a 1.3% decrease in comparable sales in prior year period​.Fred's - ‍"Front store sales continue to face headwinds in consumables categories, and cooler than average temperatures impacted summer seasonal sales"​.Fred's Inc - ‍in retail pharmacy, "continue to see a positive shift to generic," experience strong sales, script growth in specialty pharmacy business​.

PriceSmart Q3 earnings per share $0.62

Wednesday, 5 Jul 2017 04:00pm EDT

July 5 (Reuters) - PriceSmart Inc ::PriceSmart announces third quarter results of operations.Q3 earnings per share $0.62.Q3 revenue $730.3 million versus I/B/E/S view $734.5 million.Q3 earnings per share view $0.67 -- Thomson Reuters I/B/E/S.

Ocado says expects recent international deal to be "first of many"

Wednesday, 5 Jul 2017 02:06am EDT

July 5 (Reuters) - Ocado Group Plc :H1 revenue 713.8 million stg.H1 pretax profit 7.7 million stg.Retail revenue increased 12.5% to £659.6 million.EBITDA up 2.7% to £45.2 million.Profit before tax of £7.7 million decreased by £1.7 million.Net debt up to £102.4 million due to significant capital investment in innovation and capacity.Active customers increased 12.7% year-on-year to over 600,000.Further conversations continuing with multiple retailers to adopt our solutions using OSP.Expect our recently announced international partnership to be first of many.

Don Quijote Holdings to acquire shares of QSI through Pan Pacific International &

Wednesday, 28 Jun 2017 10:06pm EDT

June 29(Reuters) - Don Quijote Holdings Co Ltd <7532.T>:Says it signed an agreement to acquire shares of U.S.-based firm QSI, Inc., through U.S.-based unit Pan Pacific International & Co., a subsidiary of Singapore-based Pan Pacific International Holdings Pte. Ltd..Acquisition date will be in the end of August.

Fred’S Pharmacy unanimously adopts short-term shareholder rights plan

Wednesday, 28 Jun 2017 09:00am EDT

June 28 (Reuters) - Fred's Inc :fred’s pharmacy unanimously adopts short-term shareholder rights plan.Fred's inc - board unanimously adopted short-term rights plan.Fred's - pursuant to short-term rights plan, company is issuing one right for each share of common stock outstanding at close of business on july 7, 2017..Fred's inc - sets trigger at 10 percent.Fred's inc - the rights will expire on september 25, 2017; company's board of directors may redeem rights for $0.01 per right.

Don Quijote profit headed higher for 28th straight year - Nikkei

Thursday, 22 Jun 2017 03:31pm EDT

June 23 (Reuters) - Don Quijote Holdings Co Ltd <7532.T>::Don Quijote will likely end year through June 30 with operating profit of around 46.5 billion yen, beating its standing projection of 45.5 billion yen - Nikkei.Don Quijote Holdings Co's FY sales are seen rising 10% or so to roughly 830 billion yen, besting the forecast by 8 billion yen - Nikkei.Don Quijote's Fy existing-store sales will likely rise slightly more than 2 percent - Nikkei.

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