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Food Retail & Distribution

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Mitsubishi Shokuhin to merge with wholly owned subsidiaries

Friday, 24 Nov 2017

Nov 24(Reuters) - Mitsubishi Shokuhin Co Ltd <7451.T>:Says it plans to merge with six sales business related wholly owned subsidiaries, effective April 1, 2018.Says the six subsidiaries will be dissolved after the merger .

George Weston reports Q3 adjusted earnings per share of $2.14‍​

Tuesday, 21 Nov 2017

Nov 21 (Reuters) - George Weston Ltd :George Weston limited reports third quarter 2017 results(2).George Weston Ltd qtrly adjusted earnings per share $2.14‍​.George Weston Ltd qtrly ‍shr $3.25​.George Weston Ltd qtrly sales $14.65 billion versus $14.61 billion.George Weston Ltd - ‍subsequent to end of Q3, Weston Foods announced planned closure of unprofitable facility in U.S..George Weston Ltd - ‍ management expects to make capital investments of approximately $220 million in 2017​ for Weston Foods.George Weston Ltd - ‍performance of frozen business is "not expected to improve materially" in Q4 of 2017 for Weston Foods​.George Weston Ltd - Weston Foods expects closure of unprofitable facility in U.S. to be completed in Q1 of 2018​.George Weston -for 2017, sees growth in net earnings to be driven by net earnings increase at Loblaw, positive impact of increased ownership in Loblaw​.George Weston Ltd - management is "in the process of reviewing the strategy" in light of challenges at frozen foods business.Q3 earnings per share view c$2.15 -- Thomson Reuters I/B/E/S.George Weston Ltd - ‍Weston Foods expects adjusted EBITDA in Q4 of 2017 to trend in a similar fashion to Q3 of 2017 when compared to prior year​.

George Weston reports Q3 adjusted earnings per share of $2.14‍​

Tuesday, 21 Nov 2017

Nov 21 (Reuters) - George Weston Ltd :George Weston limited reports third quarter 2017 results(2).George Weston Ltd qtrly adjusted earnings per share $2.14‍​.George Weston Ltd qtrly ‍shr $3.25​.George Weston Ltd qtrly sales $14.65 billion versus $14.61 billion.George Weston Ltd - ‍subsequent to end of Q3, Weston Foods announced planned closure of unprofitable facility in U.S..George Weston Ltd - ‍ management expects to make capital investments of approximately $220 million in 2017​ for Weston Foods.George Weston Ltd - ‍performance of frozen business is "not expected to improve materially" in Q4 of 2017 for Weston Foods​.George Weston Ltd - Weston Foods expects closure of unprofitable facility in U.S. to be completed in Q1 of 2018​.George Weston -for 2017, sees growth in net earnings to be driven by net earnings increase at Loblaw, positive impact of increased ownership in Loblaw​.George Weston Ltd - management is "in the process of reviewing the strategy" in light of challenges at frozen foods business.Q3 earnings per share view c$2.15 -- Thomson Reuters I/B/E/S.George Weston Ltd - ‍Weston Foods expects adjusted EBITDA in Q4 of 2017 to trend in a similar fashion to Q3 of 2017 when compared to prior year​.

French supermarket retailer Carrefour to present strategy plan on Jan. 23

Tuesday, 14 Nov 2017

Nov 14 (Reuters) - Carrefour ::* Company to announce new strategy plan on Jan. 23..* Earlier this week, French retail giant Carrefour - under mounting pressure from traditional rivals as well as new competitors like Amazon - had sought to reassure investors that its plan to turn around its business was on track following a report of a delay. nL8N1NJ2SJ.* Shares in the world's second-biggest retailer fell nearly 2 percent on Monday after BFM Business radio said new CEO Alexandre Bompard was unlikely to unveil his revival plan before early 2018 instead of before end-2017 as previously announced..* The company is working on what is expected to be a far-reaching restructuring plan that some analysts estimate could involve one billion euros of cost cuts..* One reason for postponing the announcement was to avoid any labour trouble over the crucial Christmas period, BFM said..

Loblaw ‍plans to create PC optimum program

Wednesday, 8 Nov 2017

Nov 8 (Reuters) - Loblaw Companies Ltd ::Loblaw Companies Ltd ‍plans to create PC optimum program, combining Pharmaprix Optimum and PC Plus programs on February 1, 2018​.Says ‍through single card/app, members will be able to earn and redeem loyalty points across stores, e-commerce sites​.

GNC Holdings reports Q3 earnings per share $0.31

Thursday, 26 Oct 2017

Oct 26 (Reuters) - GNC Holdings Inc :GNC Holdings, Inc. reports third quarter 2017 results.Q3 adjusted earnings per share $0.32.Q3 earnings per share $0.31.Q3 revenue $609.5 million versus I/B/E/S view $620.3 million.Q3 earnings per share view $0.33 -- Thomson Reuters I/B/E/S.Q3 earnings per share view $0.33, revenue view $620.3 million -- Thomson Reuters I/B/E/S.GNC Holdings - ‍Impact of hurricanes Harvey, Irma and Maria are estimated to have resulted in a $0.02 reduction to adjusted EPS in quarter ended September 30, 2017.​.GNC Holdings Inc - ‍Same store sales increased 1.3% in domestic company-owned stores in Q3 of 2017​.

‍Blackwells Capital Llc says sent letter to board, management of Supervalu ​

Thursday, 26 Oct 2017

Oct 26 (Reuters) - Supervalu Inc :‍Blackwells Capital Llc - sent letter to board, management of Supervalu Inc​.‍Blackwells Capital Llc says seeks to immediately engage with board of Supervalu to review proposed business improvement initiatives​.‍Blackwells Capital Llc says owns approximately 3.6 percent of Supervalu's common stock and equivalents​.‍Blackwells Capital - ‍requested near-term meeting with supervalu board, management to review its proposal, develop plan to strengthen co, performance​.

Shenzhen Auto Electric Power Plant sees FY 2017 net profit to up 20.7 pct to 70 pct

Thursday, 26 Oct 2017

Oct 26 (Reuters) - Shenzhen Auto Electric Power Plant Co Ltd <002227.SZ> ::Sees FY 2017 net profit to increase by 20.7 percent to 70 percent, or to be 11 million yuan to 15.5 million yuan.Says FY 2016 net profit was 9.1 million yuan.Says increased gross margin as main reason for the forecast.

Dixy Group Q3 net result turns to profit of RUB 469 mln

Wednesday, 25 Oct 2017

Oct 25 (Reuters) - Dixy Group ::Q3 REVENUE DECREASED BY 8.3% AND AMOUNTED TO RUB 69 BILLION.Q3 EBITDA GREW 3X TIMES TO RUB 3.4 BILLION.Q3 NET PROFIT OF RUB‍​ 469 MILLION VERSUS LOSS OF RUB 1.59‍​ BILLION YEAR AGO.3 NEW STORES WERE OPENED AND 16 STORES WERE CLOSED IN 3Q 2017.Q3 LIKE-FOR-LIKE SALES ‍​9.8% DECLINE VERSUS 4.2% GROWTH YEAR AGO.

Russia's Lenta to buy 22 stores in Siberia from Holiday Group

Thursday, 19 Oct 2017

Nov 7 (Reuters) - Russian food retailer Lenta Ltd says::An agreement has been reached with Holiday Group to purchase 22 supermarkets operated under the Holiday Classic, Kora and Holdy brands in the Siberia region;.11 of the stores are located in Novosibirsk, 7 in Kemerovo and 4 Barnaul;.The average selling space per store is around 800 square meters, giving total selling space of approximately 18,000 square meters;.All the stores are expected to transfer to Lenta ownership before year end 2017;.The transaction does not require any regulatory approvals;.Lenta's existing guidance of about 50 supermarket openings in 2017 with capital expenditure in the range of 30-35 billion roubles ($510.48-595.56 million) remains unchanged;.Lenta currently operates 36 hypermarkets and 4 supermarkets across Siberia, served by a distribution centre in Novosibirsk;.Reuters reported last month Lenta was in talks with Holiday on acquiring parts of its business. nL8N1MU284 ​.

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