$CORE (Core-Mark Holding Company, Inc.)

$CORE {{ '2016-06-30T18:22:14+0000' | timeago}} • Announcement

Seller of fresh and broad-line supply solutions $CORE said that it has named Laura Flanagan as an Independent Director to its Board of Directors for a term that expires on the date of the company's 2017 annual meeting of stockholders. Prior to joining $CORE, Ms. Flanagan was President of the Snacks Division of $CAG.

$SVU {{ '2017-07-21T13:54:15+0000' | timeago}} • Announcement

$SVU announced a 1-for-7 reverse split of its common stock, effective as of Aug. 1, 2017. Beginning on Aug. 2, 2017, the company's common stock will trade on the NYSE on a split-adjusted basis. $SVU's stockholders authorized the BoD to amend the Restated Certificate of Incorporation to effect a reverse stock split at a ratio of 1-for-5 to 1-for-7.

$SYY {{ '2017-07-17T21:04:37+0000' | timeago}} • Announcement

$SYY said Bill DeLaney will be succeeded as CEO by Tom Bene, currently president and COO. Bene will become president and CEO effective Jan. 1, 2018, and will join $SYY's BoD. DeLaney will serve as an advisor to Bene through Dec. 31, 2018.

$CORE {{ '2017-07-11T13:05:58+0000' | timeago}} • Announcement

Supply solutions provider $CORE has closed the acquisition of Farner-Bocken Company. Core-Mark acquired all of the assets of Farner-Bocken for about $174MM in cash. The transaction was funded with borrowings under the company’s credit facility. Core-Mark expects to spend around $1.5MM in start-up and due diligence costs.

$SVU {{ '2017-06-26T12:07:47+0000' | timeago}} • Announcement

Bruce Besanko, $SVU's COO and CFO to resign from his position effective July 5, 2017 to pursue an opportunity outside the company. Rob Woseth, $SVU's EVP and Chief Strategy Officer, will assume the additional position of Interim CFO and David Johnson, VP, Controller, will assume the additional position of Interim Chief Accounting Officer.

$SVU {{ '2017-06-26T10:53:06+0000' | timeago}} • Announcement

$SVU has completed the acquisition of Unified Grocers, Inc. for $390MM. It comprised $114MM in cash to Unified Grocers’ shareholders for 100% of the outstanding stock of Unified Grocers, plus the assumption and pay-off at closing of Unified Grocers’ net debt of approx $276MM.

$DG {{ '2017-06-22T20:33:03+0000' | timeago}} • Announcement

$DG named Jason Reiser as executive vice president and chief merchandising officer, effective July 12. Reiser, who replaces the recently retired Jim Thorpe, most recently served as executive vice president and chief operating officer at $VSI.

$WGO {{ '2017-06-21T15:09:13+0000' | timeago}} • Webcast

$WGO has been under some price pressure on its Motorized business as its line-up in the value portions of Motorized has been weaker than expected. The company has been aggressively supporting retail sales and helping the dealers price some of its products to be more competitive. This has impacted margins slightly.

$WGO {{ '2017-06-21T14:38:30+0000' | timeago}} • Webcast

During 3Q17, $WGO’s Motorized segment revenues were $241.7MM. Segment adjusted EBITDA was $12.6MM, down 22% YoY. For the Towables business, revenues were $234.7MM, up $209.3MM YoY, driven by the addition of $196.9MM in revenue from the Grand Design acquisition as well as strong organic growth from Winnebago-branded Towable products.

$WGO {{ '2017-06-21T14:17:53+0000' | timeago}} • Webcast

$WGO’s overall gross margins improved in 3Q17 to 14.9%, a 380BP expansion over 3Q16, driven by strong profitability in the Towables segment, improved product mix and operational cost management. The company generated a 340BP improvement in adjusted EBITDA margin YoY.

$WGO {{ '2017-06-21T11:42:50+0000' | timeago}} • Announcement

Recreational vehicle maker $WGO reported a 34.3% annual growth in 3Q17 profit to $19.4MM. EPS rose 15% to $0.61, which was impacted by reorganization of amortization expense related to Grand Design acquisition. Revenue surged 75% to $476.36MM helped by strong growth in the Towable segment. Revenue in the Motorized segment dropped 2%.

$BF.A {{ '2017-06-07T15:28:02+0000' | timeago}} • Webcast

$BF.A $BF.B stated that geographically in Spain, the company had long thought of the possibility because of the size and potential for Jack Daniel's and other trademark in that market. Additionally the company added that the US market is evolving as it’s related to the evolving markets.

$LPT {{ '2017-06-07T14:51:31+0000' | timeago}} • Announcement

$LPT said $DPZ has signed a long-term lease at its latest project in Central New Jersey. The 182,000 sq-ft industrial building features modern tilt-up construction, two drive-in doors and energy-efficient lighting.

$BF.A {{ '2017-06-07T14:45:36+0000' | timeago}} • Webcast

From a portfolio perspective, $BF.A $BF.B expects growth in FY18 to be led by the Jack Daniel's family of brand. Additionally, underlying GM is expected to be down slightly, as price mix is offset by higher costs. The company is also targeting flattish underlying SG&A in FY18, driving few points of operating leverage.

$BF.A {{ '2017-06-07T14:31:49+0000' | timeago}} • Webcast

$BF.A $BF.B said that geographically, Mexico, France and Japan were standout performers, with each country growing underlying net sales growth double digits. In FY17, underlying net sales of Jack Daniel's family of brands grew by 3%, while in the Tequila brand grew underlying net sales by 12%.

$BF.A {{ '2017-06-07T12:43:03+0000' | timeago}} • Announcement

$BF.A $BF.B said, in 4Q17, underlying net sales grew 4% (-3% reported) in the US, 4% (-3% reported) in developed markets outside US, 4% (-7% reported) in the emerging markets, and 7% (3% reported) in Travel Retail.

$BF.A {{ '2017-06-07T12:40:05+0000' | timeago}} • Announcement

For FY18, $BF.A $BF.B expects underlying net sales growth of 4-5%, led by the Jack Daniel's family of brands. Underlying operating income is predicted to grow 6-8%, while diluted EPS is expected between $1.80 and $1.90. Separately, the company is targeting three-year cost savings of $100MM (FY18-FY20).

$BF.A {{ '2017-06-07T12:35:09+0000' | timeago}} • Announcement

Jack Daniel's parent $BF.A $BF.B reported 72% fall in net income in 4Q17, as it had benefited from certain one-off gains during the year-over quarter. Net income was $144MM, or $0.37 per share, compared to $522MM, or $1.30 per share in 4Q16. Net sales slid 5% to $694MM.

$UNFI {{ '2017-06-06T22:28:35+0000' | timeago}} • Webcast

$UNFI said that it has not provided the CapEx guidance for FY18. In the past, the company had said that CapEx would be around 1% of sales over the longer term. The company hasn't mentioned about the need to build any new warehouses in the near feature.

$UNFI {{ '2017-06-06T21:39:14+0000' | timeago}} • Webcast

$UNFI completed the integration of Haddon House and Gourmet Guru during 3Q17. Deflation was an headwind in the quarter. The general lack of inflation led to a short term pressure on gross margin dollars. Recently, the company restructured Produce business. $UNFI expects to incur restructuring charges of $3-4MM before taxes during 4Q17.

$UNFI {{ '2017-06-06T21:07:49+0000' | timeago}} • Announcement

$UNFI revised its FY17 guidance. The company expects net sales to be in the range of $9.29-9.24Bil, up 9.7-10.3% from FY16.

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