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Food Retail & Distribution

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Beijing Jingkelong 9-Month ‍net profit presently expected to rise by about 110 percent​

11:42am BST

Oct 20 (Reuters) - Beijing Jingkelong Co Ltd <0814.HK>:9-Month ‍net profit presently expected to significantly increase by approximately 110 percent​.‍Expected result due to optimization of marketing & pricing policies of group.

Russia's Magnit says Q3 net profit down 53.3 pct y/y

8:00am BST

Oct 20 (Reuters) - Russian food retailer Magnit says::Q3 net profit at 6.9 billion roubles ($120.25 million), down 53.3 percent year-on-year;.Q3 EBITDA at 20.66 billion roubles, down 27.9 pct y/y;.Q3 EBITDA margin at 7.23 percent vs 10.67 pct in Q3 2016;.Q3 like-for-like sales down 2.5 pct y/y..

Russia's X5 group plans to open more than 2,500 stores in 2018

Thursday, 19 Oct 2017

Oct 19 (Reuters) - Russia's X5 Retail Group NV says::It plans to open more than 2,500 stores in 2018..

Colabor group reports results for the third quarter of 2017

Thursday, 19 Oct 2017

Oct 19 (Reuters) - Colabor Group Inc :Colabor Group reports results for the third quarter of 2017.Colabor Group - ‍claude Gariépy, President & CEO of Colabor, informed corporation's Board of his intent to retire from position on March 2, 2018​.Colabor - ‍consolidated sales were $319.3 million for 84-day period ended September 9, 2017, down 5.8% from 84-day period ended September 3, 2016​.Colabor - ‍Board now starting process to identify & select successor for Gariépy; hired a executive recruitment firm to facilitate & accelerate search​.Colabor Group Inc qtrly loss per share $0.18‍​.

Russia's X5 says Q3 net profit rises 6 pct y/y

Thursday, 19 Oct 2017

Oct 19 (Reuters) - Russian food retailer X5 Retail Group says::Q3 net profit up 5.9 percent year-on-year at 7.3 billion roubles ($127.25 million);.Q3 EBITDA up 12.7 percent year-on-year at ‍22.4 billion roubles;.Q3 EBITDA margin at ‍7.0​ percent vs. 7.8 percent in Q3 2016;.Revenue rises 24.7 percent year-on-year to 319.4 billion roubles; .Net debt/EBITDA ratio decreased to 1.74x as of Sept. 30, 2017, the lowest level in X5's history.​.

Russia's Lenta says Q3 sales rise 19 pct y/y

Thursday, 19 Oct 2017

Oct 19 (Reuters) - Russian food retailer Lenta Ltd says::Total sales grew 18.7 percent in Q3 to 89.6 billion roubles ($1.56 billion)(Q3 2016: 75.4 bln roubles)​.Q3 ‍like-for-like sales up 0.7 percent versus Q3 2016.​.

Sligro Food Group Q3 sales up at 731 ‍million euros

Thursday, 19 Oct 2017

Oct 19 (Reuters) - Sligro Food Group Nv :Q3 sales eur 731 ‍​ million versus eur 712 million year ago.

Axfood Q3 operating profit slightly above expectations

Thursday, 19 Oct 2017

Oct 19 (Reuters) - Axfood Ab :Axfood ab q3 ‍consolidated net sales amounted to sek 11,578 m​.Axfood ab q3 ‍operating profit was sek 604 m​.Axfood ab says ‍forecast is an operating profit for 2017 that is level with outcome for 2016​.Axfood ab says headed by willys, all segments showed favourable like-for-like sales in q3‍​.Axfood ab q3 like-for-like retail sales‍​ +4.5 percent.Axfood ab says sees 2017 operating profit in level with 2016‍​.Reuters poll: axfood q3 net sales seen at 11,531 million sek, ebit at 591 million sek.

SUPERVALU announces agreement to acquire Associated Grocers of Florida

Wednesday, 18 Oct 2017

Oct 18 (Reuters) - SUPERVALU Inc :SUPERVALU announces agreement to acquire Associated Grocers of Florida.SUPERVALU Inc - deal for ‍transaction valued at approximately $180 million.​.SUPERVALU Inc - ‍following completion of merger, Associated Grocers will be a wholly-owned subsidiary of SUPERVALU​.SUPERVALU Inc - reached a long-term supply agreement with Associated Grocers' largest customer that will go into effect upon closing of deal.SUPERVALU Inc- ‍transaction was approved by each company's board of directors​.

Supervalu Q2 loss per share $0.65‍​

Wednesday, 18 Oct 2017

Oct 18 (Reuters) - Supervalu Inc :Supervalu reports second quarter fiscal 2018 results.Q2 sales $3.8 billion versus I/B/E/S view $3.79 billion.Q2 earnings per share $0.46 from continuing operations.Q2 earnings per share view $0.35 -- Thomson Reuters I/B/E/S.Supervalu Inc sees net earnings from continuing operations to be in range of $31 million to $50 million for fiscal 2018​.Supervalu Inc sees ‍adjusted ebitda for fiscal 2018, including contribution from unified grocers, in range of $475 million to $495 million​.Supervalu Inc qtrly ‍retail identical store sales were negative 3.5 percent​.Supervalu inc qtrly loss per share $0.65‍​.


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