Burlington Stores Inc : Announces fourth quarter and fiscal 2016 results . Q4 adjusted earnings per share $1.78 . Q4 same store sales rose 4.6 percent . Q4 earnings per share view $1.69 -- Thomson Reuters I/B/E/S . Sees Q1 2017 adjusted earnings per share $0.67 to $0.70 including items . Sees FY 2017 adjusted earnings per share $3.77 to $3.87 . Q4 earnings per share $1.77 . Sees FY 2017 sales up 7.5 to 8.5 percent . Sees Q1 2017 sales up 5 to 6 percent . Q4 sales $1.686 billion versus I/B/E/S view $1.66 billion . Burlington Stores Inc - ended 2016 with reductions in both comparable store and aged inventories . Sees 2017 net capital expenditures of approximately $200 million. . Q1 earnings per share view $0.69, revenue view $1.37 billion -- Thomson Reuters I/B/E/S . Burlington Stores Inc - year-end merchandise inventories were $701.9 million versus. $783.5 million last year . Sees 2017 comparable store sales to increase in range of 2% to 3%, on top of 4.5% increase during fiscal 2016 . Burlington Stores Inc - for Q1 , 2017 sees comparable store sales to increase in range of 1% to 2% .Fy2017 earnings per share view $3.16, revenue view $5.54 billion -- Thomson Reuters I/B/E/S.
Target Corp : Q4 same store sales fell 1.5 percent . Target corp says Q4 comparable sales decreased 1.5 percent . Target corp says Q4 comparable digital channel sales increased 34 percent . Says Q4 gaap earnings per share (EPS) from continuing operations of $1.46 . Target corp - sees Q1 gaap eps from continuing operations and adjusted eps of $0.80 to $1.00 . Qtrly adjusted eps of $1.45 . Qtrly sales $20,690 million versus $21,626 million . Target Corp - sees full-year 2017 gaap eps from continuing operations and adjusted eps of $3.80 to $4.20 . Q4 earnings per share view $1.51, revenue view $20.70 billion -- Thomson Reuters I/B/E/S . Target Corp says for full-year 2017, target expects a low-single digit decline in comparable sales . Target Corp - target expects a low-to-mid single digit decline in comparable sales in Q1 . Target-Will accelerate investments in network of physical,digital assets and differentiated assortment, including launch of more than 12 new brands . Will also invest in lower gross margins to ensure co is competitively priced every day . Target Corp - will accelerate investments in network of physical and digital assets as well as exclusive and differentiated assortment over next two years . Target-Q4 results reflect impact of rapidly-changing consumer behavior, which drove very "strong" digital growth but unexpected "softness" in stores.
Massmart Holdings Ltd : Massmart's FY total sales were 91.3 bln rand, an increase of 7.7 pct over prior year . FY comparable stores' sales growth was 5.4 pct . FY headline earnings and headline earnings per share (eps) increased by 15.6 pct and 15.8 pct respectively . Gross final cash dividend of 224.80 cents per share, in respect of year ended December 2016 has been declared . FY headline eps 597.8 cents versus 516.3 cents .FY diluted headline eps 587.6 cents versus 508.8 cents.
Europris ASA : Total revenues for Q4 2016 were 1,604 million Norwegian crowns ($193.56 million), up 13.8 per cent from 1,409 million crowns in the equivalent period in 2015 . Adjusted Q4 net profit rose by 11.9 pct to 209 million crowns . Board of directors has decided to propose to annual general meeting an ordinary dividend for 2016 of 1.50 crown per share . Board proposes to pay an extraordinary anniversary dividend of 0.50 crown per share . Management expects continued growth in revenue and profits going forward .The group has no plans to close any stores in 2017.
Mr Max Corp <8203.T> : Says it plans to set up a wholly-owned subsidiary based in Fukushima as the successor preparatory company in early March .Says co will transfer its business to the new subsidiary and restructure itself into holding company, effective Sept. 1.
Seek Bim Birlesik Magazalari :Said on Monday that, on the purpose of determining the opportunities and investment potential in retail market of Iran, Executive Committee shall be granted authorization to initiate marketing research studies and to follow entire process including opening stores when needed.
Fred's Inc : Fred's inc - after fred's observed "unusual and substantial activity in company's shares", board unanimously adopted rights plan . Fred's inc - sets trigger of 10 percent . Fred's inc - "has had an ongoing dialogue with a number of shareholders" . Fred's inc - rights plan not adopted in response to any specific takeover bid or other proposal to acquire control of company . Fred's inc - will close 40 underperforming stores in first half of 2017, creating a benefit to earnings of over $4 million .Fred's pharmacy unanimously adopts shareholder rights plan.
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.
Watts Co Ltd:Says wholly owned Osaka-based subsidiary to transfer its business in West Japan to a wholly owned Okayama-based subsidiary planned on Sep. 1.Says the wholly owned Osaka-based subsidiary to merge a wholly owned Hokkaido-based subsidiary planned on Sep. 1 and the Hokkaido-based subsidiary to be dissolved after merger.Says the three subsidiaries are engaged in wholesale and retail of daily necessities.