Edition:
United States

Food Retail & Distribution

Page 1

iFresh announces appointment Adam (Xin) He as director

Friday, 17 Nov 2017 08:30am EST

Nov 17 (Reuters) - Ifresh Inc :iFresh announces appointment of new director.iFresh Inc - ‍board of directors has appointed Adam (Xin) He as a new director, effective immediately​.iFresh Inc - ‍on November 12, 2017, Henry Lee resigned from his position as a director of company​.

Walmart says hurricane-related impacts benefited Walmart U.S. Q3 comp sales by about 30-50 basis points

Thursday, 16 Nov 2017 07:46am EST

Nov 16 (Reuters) - Walmart Stores Inc ::Walmart says hurricane-related impacts benefited Walmart U.S. comp sales by approximately 30-50 basis points in quarter - presentation slides.Estimate that hurricane-related impacts contributed to about one-third of overall decline in gross margin‍​ for Walmart U.S. in quarter.for walmart u.s., total inventory flat versus last year, comp store inventory down about 3.5%, while in-stock levels remained high in quarter.Walmart - divestitures of suburbia, yihaodian created headwind to walmart international sales of nearly $560 million in quarter.Walmart says in fiscal year 2018, expect third party fcpa- and compliance-related expenses to range between $50 and $60 million.

Walmart reports quarterly GAAP earnings of $0.58 per share

Thursday, 16 Nov 2017 07:01am EST

Nov 16 (Reuters) - Walmart Stores Inc ::Quarterly GAAP earnings per share $0.58.Quarterly adjusted earnings per share $1.00.Quarterly net sales $122,136 million versus $117,176 million.Quarterly total revenue $123,179 million versus $118,179 million.Walmart Q3 earnings per share view $0.97, revenue view $121.00 billion -- Thomson Reuters I/B/E/S.Says now expects FY GAAP EPS of $3.84 to $3.92.Sees adjusted FY EPS of $4.38 to $4.46.For 13-week period ending Jan. 26, 2018, sees Walmart U.S. (ex. fuel) comparable sales up 1.5 percent to up 2 percent.For 13-week period ending Jan. 26, 2018, sees Sam's Club (ex. fuel) comparable sales up 1.5 percent to up 2 percent.Walmart FY2018 earnings per share view $4.38 -- Thomson Reuters I/B/E/S.Quarterly Walmart U.S. net sales $77,724 million versus $74,550 million.Quarterly Walmart International net sales $29,548 million versus $28,390 million.Quarterly Sam's Club net sales $14,864 million versus $14,236 million.Quarterly Walmart U.S. comparable sales, ex. fuel, up 2.7 percent.Quarterly Sam's Club comparable sales, ex. fuel, up 2.8 percent.Quarterly total U.S. comparable sales, ex. fuel, up 2.7 percent.Q3 GAAP EPS adjusted for 3 items, including $0.09 charge based on talks with government agencies on possible resolution of FCPA matter, among others.Walmart CEO says "we have momentum, and it's encouraging to see customers responding to our store and ecommerce initiatives".

Puregold Price Club posts 9-month net income 3.9 bln pesos

Thursday, 16 Nov 2017 02:13am EST

Nov 16 (Reuters) - Puregold Price Club Inc :9-month net income 3.9 billion pesos, up 7 percent.Puregold price club inc - 9-month consol net sales up by 11.2 percent to 87.6 billion pesos​.

Cosco Capital posts qtrly net income attributable to parent equity holder of 1.21 bln pesos

Thursday, 16 Nov 2017 01:53am EST

Nov 16 (Reuters) - Cosco Capital Inc :Qtrly net income attributable to parent equity holder 1.21 billion pesos versus 1.22 billion pesos ‍​.Qtrly gross revenue 35.70 billion pesos versus 31.27 billion pesos ‍​.

ID Logistics extends its partnership with Carrefour to Romania

Thursday, 16 Nov 2017 01:41am EST

Nov 16 (Reuters) - ID LOGISTICS SAS ::ID LOGISTICS MOVED INTO ROMANIA IN OCTOBER WITH TAKEOVER OF NEW SITE FOR CARREFOUR‍​.EXPANSION INTO THE ROMANIAN MARKET IS IN LINE WITH THE GROUP’S DEVELOPMENT STRATEGY‍​.“WE ARE DELIGHTED TO BE EXTENDING OUR PARTNERSHIP WITH ID LOGISTICS TO ROMANIA" SAYS CARREFOUR ROMANIA’S HEAD OF LOGISTICS.

Sultan Center Food Products 9-month profit rises

Thursday, 16 Nov 2017 12:41am EST

Nov 16 (Reuters) - SULTAN CENTER FOOD PRODUCTS COMPANY :NINE-MONTH NET PROFIT ATTRIBUTABLE TO SHAREHOLDERS 2.2 MILLION DINARS VERSUS 1.5 MILLION DINARS YEAR AGO.NINE-MONTH TOTAL OPERATING REVENUE 174.6 MILLION DINARS VERSUS 199.3‍​ MILLION DINARS YEAR AGO.

Smart & Final Stores Q3 earnings per share $0.07

Wednesday, 15 Nov 2017 04:15pm EST

Nov 15 (Reuters) - Smart & Final Stores Inc :Smart & Final Stores Inc reports third quarter 2017 financial results.Q3 adjusted earnings per share $0.17.Q3 earnings per share $0.07.Q3 sales $1.457 billion versus I/B/E/S view $1.48 billion.Q3 earnings per share view $0.22 -- Thomson Reuters I/B/E/S.Smart & Final Stores Inc - qtrly ‍comparable store sales increase of 1.5 pct​.Smart & Final Stores Inc - sees 2017 ‍comparable store sales growth 0.8% - 1.0%​.Smart & Final Stores Inc - sees 2017 ‍net sales growth between 5.0% - 5.2%​.Smart & Final Stores Inc - sees ‍2017 adjusted diluted eps approximately $0.43​.FY 2016 earnings per share view $0.57, revenue view $4.38 billion -- Thomson Reuters I/B/E/S.

Sonae 9-mo net profit down 3 pct at 133 mln euros

Wednesday, 15 Nov 2017 01:00pm EST

LISBON, Nov 15 (Reuters) - Sonae reported 9-month net profit of 133 million euros.:* 9-month net profit 133 mln euros vs 137 mln euros year ago.* 9-month underlying EBITDA 221 mln euros vs 202 mln euros year ago.* 9-month turnover 4.115 bln euros vs 3.849 bln euros year ago.

Loblaw to begin Instacart home delivery of groceries - Conf Call‍​

Wednesday, 15 Nov 2017 10:38am EST

Nov 15 (Reuters) - Loblaw Companies Ltd ::Will begin Instacart home deliveries on Dec 6 in Toronto, then Vancouver in January, expanding rapidly to new markets in 2018 - Conf Call‍​.The front of store business, the Shopper Drug Mart "continues to be a real source of strength" for the company - Conf Call‍​.

Markets

  • Sectors
  • U.S.
  • Europe
  • Asia

Sector Summary