$GPI (Group 1 Automotive Inc.)

$GPI {{ '2016-08-18T17:11:09+0000' | timeago}} • Announcement

Automotive retailer $GPI said its BoD declared a cash dividend of $0.23 per share for 2Q16, payable on September 15, 2016, to stockholders of record on September 1, 2016.

$SCSS {{ '2017-07-17T21:03:41+0000' | timeago}} • Announcement

$SCSS reiterates its outlook for FY17 EPS of $1.25 to $1.50. The company anticipates high single-digit sales growth, including 4-6% points from net new store openings and low single-digit comp store growth. CapEx is expected to be to approx. $55MM.

$SCSS {{ '2017-07-17T20:58:56+0000' | timeago}} • Announcement

Maker of foundations and bedding accessories $SCSS reported 2Q17 net loss of $778,000, or $0.02 loss per share, compared to earnings of $1.42MM, or $0.02 per share during 2Q16. Net sales during the quarter rose 3% YoY to $285MM.

$GT {{ '2017-07-13T21:18:44+0000' | timeago}} • Announcement

Directors of $GT have declared a quarterly dividend of 10 cents per share of common stock. The dividend is payable September 1, 2017, to shareholders as on August 1, 2017. The payout represents an annual rate of 40 cents per share.

$GPI {{ '2017-07-05T13:14:07+0000' | timeago}} • Announcement

Automotive retailer $GPI will acquire UK-based rival Beadles Group Ltd, which consists of seven brands across 12 dealerships. The brands include Jaguar, Land Rover, Volkswagen, Skoda, Toyota, Vauxhall, and Kia. The dealerships, which will continue to operate under the Beadles name, are expected to generate approx $330MM in annualized revenues.

$MNRO {{ '2017-06-28T17:08:04+0000' | timeago}} • Announcement

$MNRO elected lead director Robert Mellor as independent Chairman of the BoD. Robert Gross, Executive Chairman, will retire from the Board and the company at the conclusion of the annual shareholder meeting on Aug. 15, 2017.

$MNRO {{ '2017-06-28T17:04:47+0000' | timeago}} • Announcement

$MNRO elected Brett Ponton as its next President and CEO. Ponton most recently served as CEO of American Driveline Systems, the parent company of AAMCO Transmissions & Total Car Care. Ponton will succeed John Van Heel, who has decided not to renew his long-term contract when it expires on Oct. 1, 2017.

$AN {{ '2017-05-31T21:33:54+0000' | timeago}} • Announcement

$AN said AutoNation Western Region President, Lance Iserman has been named EVP of Sales and COO, effective June 1, 2017. Also, $AN appointed Steve Kwak as Western Region President.

$AAP {{ '2017-05-24T13:19:35+0000' | timeago}} • Webcast

$AAP said that it has not increased the CapEx estimate of $250MM in 2017 because of the increase in the productivity goal. This amount will be spent for IT, new stores and maintenance.

$AAP {{ '2017-05-24T12:58:42+0000' | timeago}} • Webcast

For 2017, $AAP expects the operating performance impact of the collective actions will be weighted towards the back half of the year. From Jan. 1, 2017, the excess tax benefit for stock-based compensation is recognized as a component of tax expense instead of equity. This change resulted in a decrease in tax expense and a increase in EPS in 1Q17.

$AAP {{ '2017-05-24T12:50:51+0000' | timeago}} • Infographic

$AAP Advance Auto Parts, Inc.  Earnings AlphaGraphics: Q1 2017 highlights

$AAP {{ '2017-05-24T12:43:19+0000' | timeago}} • Webcast

$AAP stated that macro headwinds within the industry resulted in unexpected substantially softer consumer demand in the middle of 1Q17. This time frame was worse than expected and resulted in a slow start to the spring selling season. The company plans to expand in select markets throughout the balance of the year.

$AAP {{ '2017-05-24T11:30:29+0000' | timeago}} • Announcement

As $AAP posted 1Q17 results, CEO Tom Greco said, "we are increasing and accelerating our initial gross productivity target of $500 million over 5 years to $750 million over 4 years." Mr. Greco sees "top-line improvement" in comparable store sales and better profitability in the second half of FY17.

$AAP {{ '2017-05-24T11:27:26+0000' | timeago}} • Announcement

Sales fell 3% for $AAP in 1Q17, as net income slid to $108MM from last year's $159MM. The aftermarket parts maker's earnings sunk to $1.46 per diluted share from $2.14 a share, with comparable store sales declining 2.7% in the quarter. Operating cash flow slumped 60.3% to $35.1MM.

$AZO {{ '2017-05-23T15:25:59+0000' | timeago}} • Webcast

$AZO stated that the core base business continues to do well. On a local currency basis, the business continues to perform strong. From an FX impact on the EPS growth rate, it was probably a little less than 1%.

$AZO {{ '2017-05-23T15:10:20+0000' | timeago}} • Webcast

$AZO said as it increased its investment profile, the sales got weaker. Going forward, the company will change its cost structure where possible. $AZO believes there are some opportunities to decrease the multiple frequency of deliveries that were rolled out over the past few years.

$AZO {{ '2017-05-23T14:40:45+0000' | timeago}} • Webcast

$AZO opened one additional mega hub location in 3Q17 and currently has 14 in operation. The company is working on the development of future sites and expects to open two more in 4Q17 with a handful under development. $AZO is developing two new distribution centers in Washington and Florida and expects each of these to cost about $60MM in capital.

$AZO {{ '2017-05-23T14:32:25+0000' | timeago}} • Webcast

In 3Q17, $AZO’s maintenance category did not perform well. The maintenance category’s challenges were created during the tax refund delay and only gradually improved as the quarter progressed. The company expects this category to improve its performance during 4Q17. The commercial business expanded by 3.6% while opening 56 net new programs.

$AZO {{ '2017-05-23T14:21:13+0000' | timeago}} • Webcast

$AZO decided to accelerate some investments in its business. The company is investing at an increased rate in inventory and Capex, with two new distribution centers under construction. $AZO opened a second distribution center in Mexico in the fall. The company increased its Opex as part of its frequent delivery and megahub efforts.

$AZO {{ '2017-05-23T11:38:57+0000' | timeago}} • Announcement

During 3Q17, $AZO opened 35 new stores and relocated two stores in the U.S., opened eight new stores in Mexico, and none in Brazil.  As of May 6, 2017, AutoZone had a total of 5,915 stores. Inventory rose 7.3% over the same period last year, driven by new stores and increased product placement.

$AZO {{ '2017-05-23T11:36:30+0000' | timeago}} • Announcement

With same-store sales declining 0.8% in 3Q17, $AZO posted a 1.3% rise in net income of $331.7MM on a 1.0% hike in net sales to $2.6Bil. Diluted EPS was $11.44 vs. $10.77. Higher supply chain costs associated with current year inventory initiatives and higher inventory shrink results pushed the gross profit, as a percentage of sales, down to 52.6%.

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