Wednesday, May 24 2017 - 9:30pm
Wednesday, May 24 2017 - 9:00pm
Wednesday, May 24 2017 - 1:00pm
Wednesday, May 24 2017 - 12:30pm
Wednesday, May 24 2017 - 12:00pm
$MAS 2Q15 Call: Sales in North America were up 7% for the quarter. We continue to experience growing demand for our new home construction in repair & remodeling products, including our big ticket kitchen & window products. With the spin-off of TopBuild complete, repair and remodeling now represents approximately 82% of our total sales.
$SAFM expects production during 3Q17 and 4Q17 to be up 13.6% and 11.7%, compared to last year. The increase reflects new production at new St. Pauls, North Carolina, and Palestine, Texas, complexes as well as additional pounds it expects to process as result of its prior agreement with House of Raeford Farms.
During 1Q17, $DLTR Enterprise same-store sales rose 0.5%. Same-store sales for the Dollar Tree banner increased 2.5%, while that for the Family Dollar banner fell 1.2%. $DLTR opened 164 stores, expanded or relocated 51 stores, and closed 16 stores. Retail selling square footage at quarter-end was approximately 113.7MM square feet.
In 1Q18, $BBY achieved $50MM in annual cost reductions and gross profit optimization. The company has now reached its $400MM target three fiscal quarters ahead of its original deadline. $BBY is announcing a new target of $600MM in additional cost reduction and gross profit optimization to be completed by the end of FY21.
$SAFM continues to expect grain prices to remain relatively benign for 2H17. The company said there are ample supplies of both corn and soybeans worldwide, and the planting progress of the 2017 corn and soybean crops remains close to average, despite a wet spring in the United States grain belt.