Merger Agreements, Financial Results, and Upcoming Annual Shareholder Meeting Schedule - Analyst Notes on Safeway, The Fresh Market, GPA, Susser, and Sprouts Farmers Market
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NEW YORK, March 12, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Safeway Inc. (NYSE: SWY), The Fresh Market, Inc. (NASDAQ: TFM), Companhia Brasileira De Distribuicao (NYSE: CBD), Susser Holdings Corporation (NYSE: SUSS), and Sprouts Farmers Market, Inc. (NASDAQ: SFM). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.AnalystsReview.com/register
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Safeway Inc. Analyst Notes
On March 6, 2014, Safeway Inc. (Safeway) and Albertsons announced a definitive merger agreement. Under the agreement, AB Acquisition LLC (AB Acquisition), the owner of Albertsons, will acquire all outstanding shares of Safeway. The Company informed that it expects its shareholders to receive a total value estimated at $40.00 per share, as a result of the merger plus certain other actions to be taken by the Safeway Board of Directors. "This Merger is one of several actions we have taken in recent months as a result of our strategic business review. The combined value of the transactions described above is expected to deliver a premium to Safeway's shareholders of 72% from one year ago, and 56% over the share price six months ago," said Robert Edwards, President and CEO of Safeway. The full analyst notes on Safeway Inc. are available to download free of charge at:
http://www.AnalystsReview.com/03122014/SWY/report.pdf
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The Fresh Market, Inc. Analyst Notes
On March 6, 2014, The Fresh Market, Inc. (The Fresh Market) reported financial results for Q4 FY 2013 and full-year FY 2013 (period ended January 26, 2014). During the quarter, the Company's net sales increased 15.1% YoY to $425.8 million, while full-year FY 2013 net sales increased 13.7% YoY to $1.5 billion. Q4 FY 2013 net income was $2.0 million, or $0.04 per diluted share, compared to $20.6 million, or $0.43 per diluted share, in Q4 FY 2012. Full-year FY 2013 net income was $50.8 million, or $1.05 per diluted share, compared to $64.1 million, or $1.33 per diluted share, for full-year FY 2012. "Despite meaningful headwinds from a more cautious consumer, condensed holiday calendar and harsh winter weather, we achieved a comparable store sales increase of 3.1% in the fourth quarter," said Craig Carlock, President and CEO of The Fresh Market. "Following an in-depth analysis of our stores and the markets in which we operate, we made the strategic decision to close four stores. In addition, we are refining our real estate plan to focus on increasing penetration in existing markets while slowing the pace of our expansion in new markets." The full analyst notes on The Fresh Market, Inc. are available to download free of charge at:
http://www.AnalystsReview.com/03122014/TFM/report.pdf
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Companhia Brasileira De Distribuicao Analyst Notes
On February 13, 2014, Companhia Brasileira De Distribuicao (GPA) reported Q4 2013 and full-year 2013 financial results. In Q4 2013, the Company's net revenue increased 15.8% YoY to R$16.9 billion, while full-year 2013 net revenue increased 13.4% YoY to R$57.7 billion. Quarterly net income came in at R$687.0 million, up 27.5% YoY, with a net margin of 4.1%. Annual net income stood at R$1.4 billion, up 20.7% YoY, with a net margin of 2.4%. Commenting on the results, GPA's management stated, "In 2013, we faced a challenging macroeconomic environment marked by modest growth and interest rate hikes as a mechanism to control inflation. Despite this adverse scenario, GPA demonstrated the capacity and agility to adjust its strategy to market conditions and deliver strong results accompanied by market share gains in its various business segments." The full analyst notes on Companhia Brasileira De Distribuicao are available to download free of charge at:
http://www.AnalystsReview.com/03122014/CBD/report.pdf
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Susser Holdings Corporation Analyst Notes
On February 26, 2014, Susser Holdings Corporation (Susser) reported financial results for Q4 FY 2013 and full-year FY 2013 (period ended December 29, 2013). During the quarter, the Company's revenues totalled $1.5 billion, up 9.2% YoY, while full-year revenues totalled $6.2 billion, up 5.8% YoY. Q4 FY 2013 net income attributable to Susser was $5.9 million, or $0.27 per diluted share, compared to $10.6 million, or $0.49 per diluted share, in Q4 FY 2012. Full-year FY 2013 net income attributable to the Company was $14.3 million, or $0.66 per diluted share, compared to $46.7 million, or $2.19 per diluted share, for full-year FY 2012. "During 2013 we achieved several important milestones, including our 25th consecutive year of positive same-store retail merchandise sales growth," said Sam L. Susser, Chairman and CEO of Susser. The full analyst notes on Susser Holdings Corporation are available to download free of charge at:
http://www.AnalystsReview.com/03122014/SUSS/report.pdf
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Sprouts Farmers Market, Inc. Analyst Notes
On March 4, 2014, Sprouts Farmers Market, Inc. (Sprouts) announced that it will be holdings its 2014 Annual Meeting of Stockholders on May 15, 2014. The meeting is scheduled at 9:00 a.m. at The Westin Kierland Resort & Spa in Scottsdale, Arizona. The Company informed that stockholders of record as of the close of business on March 17, 2014 will be entitled to notice of and to vote at the meeting. The full analyst notes on Sprouts Farmers Market, Inc. are available to download free of charge at:
http://www.AnalystsReview.com/03122014/SFM/report.pdf
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