Wednesday, May 24 2017 - 9:30pm
Wednesday, May 24 2017 - 9:00pm
Wednesday, May 24 2017 - 6:00pm
Wednesday, May 24 2017 - 5:15pm
Wednesday, May 24 2017 - 4:00pm
$MUR's cash and invested cash are maintained in many operating locations outside the US. At Sept. 30, 2015, cash, cash equivalents and cash temporarily invested in Canadian government securities held outside the US included US dollar equivalents of approx. $475.4MM in Canada and $787.3MM in Malaysia. Additionally, $20.7MM of cash was held in UK.
$SPTN continues to expect FY17 cash expenditures of $70-72MM. Depreciation and amortization is now expected to be in the range of $86-88MM due to the addition to Caito. The total interest expense remaining is predicted to be in the range of $25-27MM.
Looking ahead into 2017, $SPTN said it is excited about its growth opportunities and is reaffirming its previously issued adjusted EPS of $2.26-2.35. This guidance is based on the Caito integration, meeting expectations for 2H17 and a return of a modest level of inflation. $SPTN cut EPS outlook to $1.99-2.08 from $2.07-2.19.
$SPTN's comparable store sales excluding fuel for 1Q17 were down 2.2% and reflect a 40 basis point negative impact from the New Year's Day shift. Comp sales were also impacted by competitive new store openings in both Michigan and west regions and the impact of one other in the Northern geography as well as ongoing food deflation.
$SPTN expects a full private brand rollout to take a couple of years, the company will have a meaningful positive effect on that of consumer offering well before that completion. The company continues to build its new business and looks for additional avenues to better serve military heroes.
$VIAB and Altice USA announced a multi-year partnership that includes advanced advertising and content distribution agreements. This combines Altice USA's multi-screen advertising platforms and analytics capabilities with $VIAB’s advertising offerings to deliver advertising across multiple screens. Terms of the deals were not disclosed.