United States

Food Retail & Distribution

Page 1

Future Retail and Laura Ashley sign exclusive right and license deal

Thursday, 23 Feb 2017 06:11am EST

Future Retail Ltd : Says co and Laura Ashley has signed exclusive right and license to establish, own and operate stores and websites in India . Co to have right to buy merchandise for sale in India as and right to make or order manufacture of licensed products from Laura Ashley .Future Retail Ltd will also carry out wholesale distribution.

Loblaw Q4 revenue C$11.13 billion

Thursday, 23 Feb 2017 05:45am EST

Loblaw Companies Ltd : Loblaw reports 2016 fourth quarter and fiscal year ended December 31, 2016 results . Q4 revenue C$11.13 billion versus I/B/E/S view C$10.98 billion . Loblaw Companies Ltd - expects to invest approximately $1.3 billion in capital expenditures in 2017, including $1.0 billion in its retail segment . Loblaw Companies Ltd - Qtrly food retail (Loblaw) same-store sales growth was 1.1%, excluding gas bar . Loblaw - recorded a charge of $88 million related to impairment of fixed assets of $15 million and a customer relationship intangible asset of $73 million in quarter . Loblaw Companies Ltd - Qtrly diluted net earnings per common share were $0.50 . Loblaw Companies Ltd - Qtrly adjusted diluted net earnings per common share were $0.97 . Loblaw - sees estimated impact in 2017 of new and current consolidated franchises will be revenue of about $680 million, adjusted EBITDA of about $55 million . Loblaw Companies Ltd - on FY comparative basis company expects to deliver positive same-store sales and stable gross margin in its retail segment . Loblaw - sees impact in 2017 of new and current consolidated franchises will be net earnings attributable to non-controlling interests of about $10 million . Loblaw Companies Ltd - in 2017 expects to invest approximately $1.3 billion in capital expenditures.

CP ALL posts FY net profit of 16.68 bln baht

Thursday, 23 Feb 2017 05:42am EST

CP All Pcl : FY net profit 16.68 billion baht versus 13.68 billion baht . FY total income 451.94 billion baht versus 405.89 billion baht . Expects to achieve milestone of having 10,000 stores within 2017 . Plans to reach 13,000 stores in Thailand by 2021 . Plan to open approximately 700 new stores in 2017 . 2017 capex is projected to be approximately 9.50 billion baht to 10 billion baht ."Gross profit margin advancement is expected to continue".

Kobe Bussan to dissolve geothermal electric power generation unit

Wednesday, 22 Feb 2017 01:40am EST

Kobe Bussan Co Ltd <3038.T>: Says the co plans to dissolve its wholly owned subsidiary, an Oita-based geothermal electric power generation firm .Says effective in mid July.

Walmart says anticipates currency impact on net sales of about $3 bln for the year

Tuesday, 21 Feb 2017 07:27am EST

Wal Mart Stores Inc : Walmart says "in the U.K., we faced some challenges this past year and we’re addressing these with urgency" -- management earnings call transcript . "Now that we will be lapping the U.S. wage increases from fiscal year 2017, we would expect to slightly lever expenses" in FY 2018 . Walmart sees Q1 net sales, on constant currency basis, to grow between 3 and 4 percent . Q1 revenue view $117.81 billion -- Thomson Reuters I/B/E/S . Walmart says Q4 Walmart International reported net sales declined 5.1 percent, impacted by a $2.6 billion currency headwind .Based on current exchange rates, anticipate a currency impact on net sales of approximately $3 billion for the year.

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.

Madison Wine says Perfect Zone and Bartha Holdings to terminate subscription agreement

Friday, 10 Feb 2017 07:36am EST

Madison Wine Holdings Ltd <8057.HK> : reference is made to announcement of Madison Wine Holdings Limited dated 9 february 2017 . Perfect Zone and Bartha Holdings entered into deed of termination to terminate subscription agreement .termination will not have any material adverse impact on business operation and current financial position of group..

ALBIS plans merger between units

Friday, 10 Feb 2017 01:26am EST

ALBIS Co Ltd <7475.T> : Says co plans merger between its two wholly owned units, effective on April 1 .Says the Tofu products manufacturing unit will be dissolved after transaction.

Delica Foods says merger between units

Wednesday, 8 Feb 2017 11:36pm EST

Delica Foods Co Ltd <3392.T>: Says a Tokyo-based unit to merge a Aichi-based unit and a Osaka-based unit . Says the three units are engaged in wholesale business of fruit and vegetable . Says the Aichi-based unit and Osaka-based unit to be dissolved after merger .Says the merger will effective on Oct. 1.

Kroger acquires Murray's Cheese

Tuesday, 7 Feb 2017 10:00am EST

Kroger Co : Kroger and murray's cheese announce merger . Financial terms of merger were not disclosed. . Says Murray's former owner and president, Rob Kaufelt, will remain affiliated with business as a strategic adviser . purchased equity of Murray's Cheese, as well as its flagship location on Bleecker Street in New York City .Nick Tranchina will continue to lead Murray's cheese team in New York.


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