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Carmax reports Q2 earnings per share of $0.98

Friday, 22 Sep 2017 07:35am EDT

Sept 22 (Reuters) - Carmax Inc :Carmax reports second quarter results.Q2 earnings per share $0.98.Q2 earnings per share view $0.95 -- Thomson Reuters I/B/E/S.Q2 revenue $4.39 billion versus I/B/E/S view $4.25 billion.Carmax Inc - qtrly ‍total used unit sales rose 11.1%​.Carmax Inc qtrly used unit sales in comparable stores increased 5.3%.Carmax Inc - qtrly ‍total wholesale unit sales increased 0.4%​.Carmax-‍in connection with Hurricane Harvey, six stores in Houston were closed most of last week of this year's Q2.Carmax says store closures ‍in connection with Hurricane Harvey had "modest adverse effect" on comparable store used unit sales​ in Q2.

Super Retail to convert its network of Amart Sports stores into new Rebel stores

Monday, 24 Jul 2017 06:24pm EDT

July 25 (Reuters) - Super Retail Group Ltd ::Company has made decision to convert its network of amart sports stores into new Rebel stores by 31 October 2017.Co will expand rebel brand's national footprint to almost 160 stores and that Amart sports brand will be discontinued from 1 November.Confirms that it expects to report group segment EBIT at upper end of previous guidance of 16 to 18 per cent above prior comparative period.One-Off after tax cash transformation costs of $3 million are expected in 2018 financial year.Capital investment in fitting out converted stores will be about $9 million..Amart Sports' store team members will be redeployed and transferred directly to newly converted Rebel stores.Group is expecting minimal impact on team members.

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