Food Retail & Distribution

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KANSAI SUPER MARKET lowers full-year consolidated outlook for FY 2015

2:00am EDT

KANSAI SUPER MARKET LTD:Lowered full-year consolidated outlook for fiscal year ending March 31, 2015.Full-year revenue outlook of 120,170 mln yen lowered from 127,230 mln yen.Full-year operating profit outlook of 50 mln yen lowered from 1,920 mln yen.Full-year ordinary profit outlook of 440 mln yen lowered from 2,170 mln yen.Full-year net profit outlook of 210 mln yen lowered from 1,280 mln yen.Full-year earnings per share outlook of 7.43 yen lowered from 45.29 yen.Outlook lowered due to increased consumption tax, unseasonal weather, price competition and increased material price.

Jeronimo Martins SGPS SA reduces Biedronka stores opening for Q4

Wednesday, 29 Oct 2014 02:10pm EDT

Jeronimo Martins SGPS SA:Reduces Biedronka stores opening plan for Q4.Store expansion for 2014 will be running only up to the end-Oct. with the consequent reduction of capex programme for 2014.Based on the market performance and volume growth, Jeronimo Martins says "confident on the sales' trend for Q4".

X5 Retail Group NV raises FY 2014 revenue forecast-Reuters

Wednesday, 29 Oct 2014 12:33am EDT

X5 Retail Group NV:Russian supermarket operator X5 Retail Group NV said it was raising its revenue forecast to 17-19 percent this year from 10-12 percent, after posting a 49 percent increase in third-quarter net profit-Reuters.The company also raised its EBITDA margin forecast to 7.2-7.5 percent from 6.8-7.2 percent and cut capital expenditures to 34 billion Russian rubles ($797 million) from 40 billion rubles.FY 2013 revenue of $16,785 million.FY 2014 revenue of $17,098 million - Thomson Reuters I/B/E/S.

Beijing Urban Rural Trade Centre announces change of accounting policy

Tuesday, 28 Oct 2014 08:00pm EDT

Beijing Urban Rural Trade Centre Co Ltd:Changed accounting policy based on new accounting standards released by Ministry of Finance, effective July 1.

O'Key Group SA lowers FY 2014 revenue growth forecast-Interfax

Tuesday, 28 Oct 2014 08:26am EDT

O'Key Group SA:O'Key has lowered its growth forecast for revenue and EBTIDA margin for 2014, and the Russian retailer is now expecting revenue to grow 7-9 percent this year, O'Key CEO Tony Mayer said during a conference call-Interfax.The previous forecast for sales growth was at 12-16 percent.The company is now expecting EBITDA margin to be 7.5-8 percent, Mayer said.O'Key had previously forecast 2014 EBITDA margin to be at last year's level (around 8 percent).FY 2013 revenue of 139,460 million Russian rubles.FY 2014 revenue of 161,908 million rubles - Thomson Reuters I/B/E/S.

Axial Retailing Inc raises consolidated mid-year and full-year outlook for FY 2015

Tuesday, 28 Oct 2014 02:30am EDT

Axial Retailing Inc:Says the company raised the consolidated mid-year outlook for revenue to 104,907 million yen from 102,000 million yen for the fiscal year ending March 31, 2015.Sees an increase of mid-year operating profit forecast to 3,080 million yen from 2,200 million yen.Sees an increase of mid-year ordinary profit forecast to 3,103 million yen from 2,200 million yen.Sees an increase of mid-year net profit forecast to 1,868 million yen from 1,400 million yen.Sees an increase of mid-year earnings per share to 80.06 yen from 59.97 yen.Says the company raised the consolidated full-year outlook for revenue to 210,000 million yen from 205,000 million yen for the fiscal year ending March 31, 2015.Sees an increase of full-year operating profit forecast to 5,800 million yen from 5,500 million yen.Sees an increase of full-year ordinary profit forecast to 5,800 million yen from 5,500 million yen.Sees an increase of full-year net profit forecast to 3,000 million yen from 2,900 million yen.Sees an increase of full-year earnings per share to 128.52 yen from 124.23 yen.Comments that increased sales of stores and fresh product is the main reason for the forecast.FY 2015 revenues of 207.00 billion yen, net profit of 3.40 billion yen – Thomson Reuters I/B/E/S.

Inageya Co Ltd raises consolidated mid-year outlook for FY 2015

Tuesday, 28 Oct 2014 01:00am EDT

Inageya Co Ltd:Says the company increased the consolidated mid-year outlook for revenue to 117,600 million yen from 117,000 million yen for FY ending March 2015.Operating profit forecast increased to 950 million yen from 500 million yen.Ordinary profit forecast increased to 1,100 million yen from 650 million yen.Net profit forecast increased to 500 million yen from 360 million yen.Earnings per share increased to 10.77 yen from 7.75 yen.Comments the sales increase is the main reason for the forecast.

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