Food Distribution / Convenience Stores
Hawesko Holding AG Updates on FY 2012 Dividend; Confirms FY 2013 Guidance
Hawesko Holding AG announced that the fiscal year 2012 increased dividend in the amount of EUR 1.65 per share will be made payable from June 18, 2013. Furthermore, the Company continues to expect an increase in the fiscal year 2013 sales of around 6% overall, compared to the previous fiscal year's 2012 figure (EUR 449 million), and a proportionately higher increase in EBIT to approximately EUR 28 million. According to I/B/E/S Estimates, analysts on average are expecting the Company to report fiscal year 2013 revenue of EUR 476.15 million and an EBIT of EUR 29.39 million.
Agrokor To Buy Mercator dd-Reuters
Reuters reported that Slovenia, which is struggling to avoid a bailout, will sell Mercator dd, to Croatian food producer and retailer Agrokor, Agrokor said in a statement late on Friday. Agrokor said it will pay EUR120 per Mercator's share, valuing the Company at EUR452 million ($602.96 million). Agrokor said it signed a deal with 12 of Mercator's owners to buy their combined 53.12% stake in Mercator for EUR240 Million.
Safeway Inc Announces Definitive Agreement To Sell Canadian Operations To Empire Company Ltd's Sobeys For CAD5.8 Billion
Safeway Inc announced that it has entered into an agreement to sell its Canadian operations through a sale of the net assets of Canada Safeway Limited to Sobeys Inc., a Canadian food retailer and wholly-owned subsidiary of Empire Company Ltd , for CAD5.8 billion in cash (about CAD4.0 billion after taxes and expenses), plus the assumption of certain liabilities. The proceeds from this transaction are expected to be used to pay down $2.0 billion of debt, with the majority of the remainder to be used to buy back stock. In addition, some of the proceeds may be used to invest in growth opportunities. The transaction is anticipated to close in the fourth quarter of 2013 and is subject to customary closing conditions, including approval under the Competition Act (Canada).
Safeway Inc Announces Definitive Agreement To Sell Canadian Operations To Empire Company Ltd's Sobeys For CAD5.8 Billion
Safeway Inc announced that it has entered into an agreement to sell its Canadian operations through a sale of the net assets of Canada Safeway Limited to Sobeys Inc., a Canadian food retailer and wholly-owned subsidiary of Empire Company Ltd , for CAD5.8 billion in cash (about CAD4.0 billion after taxes and expenses), plus the assumption of certain liabilities. The proceeds from this transaction are expected to be used to pay down $2.0 billion of debt, with the majority of the remainder to be used to buy back stock. In addition, some of the proceeds may be used to invest in growth opportunities. The transaction is anticipated to close in the fourth quarter of 2013 and is subject to customary closing conditions, including approval under the Competition Act (Canada).
Fresh Market Inc Reaffirms FY 2013 Comparable Store Sales And EPS Guidance-Conference Call
Fresh Market Inc announced that for fiscal 2013, it expects comparable store sales in the range of 2.5%-4.5% and earnings per share (EPS) growth rate is 14%-19% ($1.51 to $1.58). According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $1.33 for fiscal 2013.
United Natural Foods Inc Updates On FY 2013 Revenue Guidance-Conference Call
United Natural Foods Inc announced that for fiscal 2013, it expects on a roughly $6 billion in sales. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $6.05 billion for fiscal 2013.
ARCS CO LTD Amends Consolidated Mid-year & Full-year Guidance for FY 2014; Expects Extraordinary Loss for FY 2014; Receives Cease & Desist Order and Surcharge Payment Order from Fair Trade Commission
ARCS CO LTD announced that it has reaffirmed the consolidated mid-year guidance for revenue of JPY 233,000 million, operating profit of JPY 7,100 million, ordinary profit of JPY 7,500 million and lowered the guidance for net profit of JPY 4,000 million to JPY 2,700 million and earning per share from JPY 72.69 to JPY 49.07 for the fiscal year ending February 2014. The Company has reaffirmed the consolidated full-year guidance for revenue of JPY 460,000 million, operating profit of JPY 14,100 million, ordinary profit of JPY 15,000 million and lowered the guidance for net profit of JPY 7,600 million to JPY 6,300 million and earning per share from JPY 138.12 to JPY 114.49 for the fiscal year ending February 2014. This is because the Company has received cease and desist order and surcharge payment order from Fair Trade Commission on June 11, 2013. The Company expects JPY 1.3 billion extraordinary loss for the second quarter of the fiscal year ending February 2014.
B&G Foods Inc Enters Into Agreement To Acquire Pirate Brands
B&G Foods Inc announced that it has entered into an agreement to acquire Robert's American Gourmet Food, LLC dba Pirate Brands, for approximately $195 million in cash. B&G Foods intends to fund the acquisition with the remaining net proceeds of its recently completed senior notes offering and additional revolving credit borrowings under its credit agreement. B&G Foods expects the acquisition to close in July 2013.
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Sector Summary
| Energy |  +0.52% |
| Basic Materials | +0.41% |
| Industrials | +1.15% |
| Cyclical Goods & Services | +0.97% |
| Non-Cyclical Goods & Services | +0.37% |
| Financials | +0.97% |
| Healthcare | +0.63% |
| Technology | +0.77% |
| Telecoms | +1.37% |
| Utilities | +0.79% |
| DOW | 15,318.23 | +138.38 |
+0.91% |
| S&P 500 | 1,651.81 | +12.77 |
+0.78% |
| NASDAQ | 3,482.18 | +30.05 |
+0.87% |
| TR US Index | 149.80 | +1.17 |
+0.79% |
-3.11Analyst Research
| Report Title | Price |
|---|---|
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Provider: Bohai Securities Co.,Ltd.
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$58.00
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Provider: Bohai Securities Co.,Ltd.
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$92.00
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Provider: Edison Investment Research
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$10.00
|
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Provider: Wright Reports
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$75.00
|
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Provider: Wright Reports
|
$35.00
|
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