Reuters logo
BRIEF-Colabor says Q4 same store sales down 4.3 percent
February 24, 2017 / 1:02 PM / 10 months ago

BRIEF-Colabor says Q4 same store sales down 4.3 percent

Feb 24 (Reuters) - Colabor Group Inc

* Colabor group reports its 2016 fourth quarter and year-end results

* Q4 same store sales fell 4.3 percent

* Qtrly consolidated sales $432.5 million versus $431.9 million

* Expect improved gross margins and organic growth in comparable sales in second half of 2017

* Qtrly earnings per share $0.00

* To optimize asset utilization and continue to cut costs, plan to close vaughan, ontario warehouse on april 30, 2017

* Expect improved gross margins, organic growth in comparable sales in second half of 2017, Source text for Eikon: Further company coverage: (Bangalore.newsroom@thomsonreuters.com)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below