$BRC's 4Q16 revenues were almost in line with expectations, finishing with lower organic sales of 0.9%. Demand has been choppy and profitability stronger than anticipated, as the company focuses on driving operational efficiencies and actively reducing its G&A structure, said CFO Aaron Pearce.
People who are looking for a steady growth stock should take a look at $EME. This stock has never had a significant downfall in the last five years. Comfortably beats consensus target most of the time. Such potential, much wow!
$DNB appointed Robert Carrigan, in addition to his role as CEO, as Chairman of its BoD, replacing Christopher Coughlin who served as Chairman since October 2013. Coughlin will serve as BoD before retiring in May 2017, ahead of Annual Meeting. Thomas Manning has been appointed Lead Director and Chairman of Nominating & Governance Committee.
$TSN said it continues to see growth in its retail and foodservice businesses. This growth, coupled with beef and pork segments performing well in excess of their normalized ranges, has $TSN poised to achieve its best quarter in history. The company reiterated that its chicken and prepared foods margins have returned to their normalized ranges.
$COST said that on the Scan and Go model of $AMZN, the company is not testing Scan and Go like things currently but is looking at it. The company added that it has done self checkout for a while and stopped it as the company was getting people through without self checkouts.
At 1Q17-end $COST's executive members stood at 17.7MM member household, up 348,000 sequentially. Core merchandising for the quarter was up 19% YoverY, while ancillary business slid 5% from a year ago. GM of core merchandising categories (food and sundries, hardline, softline and fresh foods) rose 17 BP YoverY, with softlines declining marginally.
$COST saw deflation overall in the low to mid single digit in food and fresh meat categories in 1Q17. Membership fees was 6 BP as a percent of sales, up $37MM YoverY. The company also reported good renewal rate in terms of membership fees; 90.3% in US and Canada and 88% worldwide.