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Food Retail & Distribution

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US Foods Holding says entered into an amendment to its existing term loan credit agreement

Friday, 17 Feb 2017 04:11pm EST

US Foods Holding Corp : US Foods Holding Corp- on february 17, 2017, co entered into an amendment to its existing term loan credit agreement- sec filing . Amendment amends certain pricing terms of its outstanding term loans in an aggregate principal amount of $2.189 billion . US Foods Holding - third loan credit amendment lowers applicable margin on term loan borrowings to 2.75 pct per annum for libor borrowings .US Foods Holding - third loan credit amendment lowers applicable margin on term loan borrowings to 1.75 pct per annum for abr borrowings.

Carrefoursa Carrefour 2016 net loss widens to 432.2 million lira

Friday, 17 Feb 2017 10:12am EST

Carrefoursa Carrefour : FY 2016 net loss of 432.2 million lira ($118.48 million) versus loss of 31.7 million lira year ago .FY 2016 revenue at 4.49 billion lira versus 3.93 billion lira year ago.

Tenwow International issues profit warning

Friday, 17 Feb 2017 09:33am EST

Tenwow International Holdings Ltd <1219.HK> : Expects to record decrease in its unaudited net profit attributable to shareholders by about 35% to 45% for year ended 31 Dec 2016 .Expected results due to increase in selling expenses and unsatisfactory sales of group's own brand non-alcoholic beverages.

Russia's Lenta plans to double selling space by end-2020

Thursday, 16 Feb 2017 09:01am EST

Lenta Ltd says: Plans to open about 30 new hypermarkets in 2017; . To open about 50 new supermarkets and add new regions, starting with Novosibirsk; . To add about 200,000 sq.m. of total new selling space in 2017; . Sees 2017 capital expenditures of around 40 billion roubles ($698.32 million); . Aims to double total selling space by the end of 2020 and develop alternative models to add to growth; . In the hypermarket segment, plans to open organically 150,000-200,000 sq.m. per year, with long-term potential for about 400 additional hypermarkets in target cities; . In the supermarket segment, plans to significantly increase number of store openings to deliver around 8x increase in selling space by 2020 (15-20 pct of total selling space); .Will continue focusing on profitable growth, carefully balancing capex and returns (target IRR of 20 pct) with the aim to continue to deliver market-leading returns..

GNC Holdings reports Q4 loss per share $6.35

Thursday, 16 Feb 2017 06:50am EST

GNC Holdings Inc - : GNC Holdings Inc reports fourth quarter and full year 2016 results . Q4 adjusted earnings per share $0.07 . Q4 loss per share $6.35 . Q4 revenue $569.9 million versus i/b/e/s view $571.7 million . Q4 earnings per share view $0.36 -- Thomson Reuters I/B/E/S . Same store sales decreased 12.0% in domestic company-owned stores in Q4 of 2016 . In domestic franchise locations, same store sales decreased 6.0% in Q4 of 2016 . Board of directors has approved management's recommendation to suspend company's quarterly dividend . Dividend suspension is part of a broader plan to utilize a greater portion of company's free cash to reduce debt . By suspending what has been $0.20/share qtrly dividend, company intends to reallocate about $55 million of cash annually primarily to reduce debt . No shares were repurchased by company under its share repurchase program in Q4 of fiscal 2016 .Remaining $197.8 million authorized under share repurchase program is not expected to be utilized during fiscal 2017.

Russia's Lenta says 2016 net profit up 8.9 pct

Thursday, 16 Feb 2017 02:03am EST

Lenta Ltd says: Full-year 2016 net profit totalled 11.2 billion roubles ($196.36 million), up 8.9 percent; . FY 2016 adjusted EBITDA at 31.8 billion roubles, up 13.1 percent; . 2016 adjusted EBITDA margin at 10.4 percent vs 11.1 percent in 2015; .Capital expenditures amounted to 54.3 billion roubles, an increase of 73 percent compared to 2015;.

Seven & I holdings says R&I affirms its rating at "AA" and stable outlook

Tuesday, 14 Feb 2017 08:23pm EST

Seven & I holdings Co Ltd <3382.T>: Says Rating and Investment Information, Inc. (R&I) affirms the company's issuer rating at "AA" .Says rating outlook stable.

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