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Discount Stores

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Dollarama reports Q1 earnings per share of C$0.82

Wednesday, 7 Jun 2017 07:00am EDT

June 7 (Reuters) - Dollarama Inc :Dollarama reports first quarter results and renews normal course issuer bid.Q1 sales C$704.9 million versus I/B/E/S view c$716 million.Q1 earnings per share C$0.82.Q1 earnings per share view c$0.79 -- Thomson Reuters I/B/E/S.Dollarama Inc says renewal of NCIB and approval from TSX to purchase for cancellation up to 5.7 million common shares.Dollarama Inc qtrly comparable store sales grew 4.6%, over and above a 6.6% increase previous year.Dollarama Inc - gross margin was 37.6% of sales in Q1 of fiscal 2018, compared to 37.0% of sales in Q1 of fiscal 2017.Sees 2018 capital expenditures $90.0 million to $100.0 million.Sees 2018 gross margin 37.5% to 38.5%.Sees 2018 EBITDA margin 22.0% to 23.5%.Dollarama Inc says purchases under NCIB may commence on June 19, 2017 and will terminate no later than June 18, 2018.Dollarama Inc sees fiscal 2018 net new stores between 60 stores to 70 stores.

Tea Life to merge with wholly owned unit CORAM JAPAN

Monday, 5 Jun 2017 02:20am EDT

June 5 (Reuters) - Tea Life Co Ltd <3172.T> ::* Says it plans to merge with its wholly owned subsidiary CORAM JAPAN Ltd on Aug. 1.* Says the unit will be dissolved after transaction .

Fred's says May sales falls 3.1 pct to $160.1 mln

Thursday, 1 Jun 2017 07:45am EDT

June 1 (Reuters) - Fred's Inc ::Fred's Pharmacy reports may sales.May same store sales rose 0.8 percent.May sales fell 3.1 percent to $160.1 million.Fred's inc - comparable store sales for may included negative 1.0% impact as result of sale of low productive discontinued inventory versus may last year.Fred's Inc - ‍"we are seeing substantial momentum in our retail and specialty pharmacy businesses, creating opportunities for growth throughout company"​.Fred's Inc says decrease in may sales is related to closure of 39 underperforming stores in q1.Fred's- ‍in retail pharmacy, adjusted script comps continuing to trend positively, in specialty pharmacy business are consistently experiencing "significant" sales growth.

Dollar General Q1 earnings per share $1.02

Thursday, 1 Jun 2017 06:55am EDT

June 1 (Reuters) - Dollar General Corp ::Dollar General Corporation reports first quarter 2017 financial results.Q1 earnings per share $1.02.Q1 same store sales rose 0.7 percent.Q1 earnings per share view $1.00 -- Thomson Reuters I/B/E/S.Q1 sales $5.61 billion versus I/B/E/S view $5.59 billion.Dollar General Corp - company confirms fiscal year 2017 diluted EPS guidance; updates other guidance.Sets regular quarterly cash dividend of $0.26per share.Dollar General Corp - ‍2017 GAAP diluted EPS is forecasted to remain consistent with prior guidance range of $4.25 to $4.50​.Dollar General Corp - anticipates sales from acquired sites to impact fiscal 2017 net sales by approximately 100 basis points.Dollar General Corp - ‍company's FY 2017 net sales are forecasted to increase by about five to seven percent.Dollar General Corp - company's fiscal 2017 same-store sales growth is unchanged from prior guidance range of slightly positive to increase of 2 percent.Dollar General Corp - ‍capital expenditures for fiscal 2017 are expected to be in range of $715 million to $765 million​.Dollar general- for fiscal 2017, assuming closing of acquisition, plans to open about 1,290 new stores in addition to remodeling/relocating 760 stores.Fy earnings per share view $4.46, revenue view $23.19 billion -- Thomson Reuters I/B/E/S.Dollar General-for fiscal 2017, assuming closing of acquisition company plans to reduce co's total projects for remodels and relocations by 140 stores.

Dream Vision takes out 100 mln yen loan from parent co

Monday, 29 May 2017 03:01am EDT

May 29 (Reuters) - Dream Vision Co Ltd <3185.T>:* Says it takes out a loan of 100 million yen from parent co, RIZAP GROUP Inc <2928.SP>,on May 29.* Says interest rate of 2.0 percent and maturity date on July 31, 2022.* Says the proceeds is used to promote business of unit .

Burlington Stores Inc reports Q1 EPS of $0.79

Thursday, 25 May 2017 06:45am EDT

May 25 (Reuters) - Burlington Stores Inc :Announces first quarter 2017 results.Q1 adjusted earnings per share $0.79.Q1 earnings per share $0.73.Q1 sales $1.347 billion versus I/B/E/S view $1.36 billion.Q1 earnings per share view $0.70 -- Thomson Reuters I/B/E/S.Sees Q2 2017 adjusted earnings per share $0.46 to $0.50.Sees FY 2017 adjusted earnings per share $3.86 to $3.96.Sees FY 2017 sales up 7.3 to 8.1 percent.Sees Q2 2017 sales up 6.7 to 7.7 percent.Q2 earnings per share view $0.50, revenue view $1.35 billion -- Thomson Reuters I/B/E/S.FY earnings per share view $3.89, revenue view $6.04 billion -- Thomson Reuters I/B/E/S.Says on a non-GAAP basis qtrly comparable store sales increased 0.5%.Sees comparable store sales to increase in range of 2% -3% for balance of year resulting in a FY comparable store sales increase of 1.6% - 2.4%.Sees Q2 comparable store sales to increase in range of 2% to 3%.

Massmart says for first 21 weeks of 2017 FY comparable sales declined by 1.9 pct

Thursday, 25 May 2017 03:30am EDT

May 25 (Reuters) - Massmart Holdings Ltd :For first 21 weeks of 2017 FY, total sales growth was 0.3% and comparable sales declined by 1.9%, with year-to-date sales inflation of 4.4%.Current levels of political, business and consumer uncertainty make it difficult to provide any useful trading expectations for remainder of 2017.Do not expect SA consumer economy to show any noticeable improvement during this time.

Dollar Tree CEO Bob Sasser's Fiscal Year 2016 total compensation was $10.6 mln

Friday, 5 May 2017 10:36am EDT

May 5 (Reuters) - Dollar Tree Inc :Dollar Tree Inc - CEO Bob Sasser's Fiscal Year 2016 total compensation was $10.6 million versus $9.5 million in Fiscal Year 2015.Dollar Tree Inc says Enterprise Prisident, Gary Philbin's Fiscal Year 2016 total compensation was $9.7 million versus $4.7 million in Fiscal Year 2015 - sec filing.Dollar Tree Inc says President and COO, Family Dollar Stores, Duncan Mac Naughton's Fiscal Year 2016 total compensation was $6.6 million.

BIM to increase share capital of its Morocco-based unit

Friday, 21 Apr 2017 10:03am EDT

April 21 (Reuters) - Bim Birlesik Magazalar As :Share capital of BIM Stores SARL, %100 owned subsidiary in Morocco, will be increased to 1,125,000,000 Moroccan Dirham ($112.07 million) from current capital of 985,000,000 Moroccan Dirham.77,479,000 Moroccan Dirham (around EUR 7 million) of the capital increase will be sourced by converting the loan given to BIM Stores SARL by Bim Birlesik Magazalar.The rest of the increase amounting 62,521,000 Moroccan Dirham (around EUR 6 million) will be paid in cash in two equal installments.

WATTS to dissolve wholly owned China-based unit

Monday, 17 Apr 2017 02:45am EDT

April 17 (Reuters) - WATTS Co Ltd <2735.T> ::* Says it plans to dissolve its wholly owned household articles unit located in Ningbo, China .

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