Quarterly Earnings, Workforce Expansion, Upcoming Public Offers and Earnings, and Awards - Research Reports on FedEx, Tim Hortons, Sysco, Lowe's and AutoNation
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NEW YORK, September 26, 2014 /PRNewswire/ --
Today, Analysts Review released its research reports regarding FedEx Corporation (NYSE: FDX), Tim Hortons Inc. (NYSE: THI), Sysco Corporation (NYSE: SYY), Lowe's Companies, Inc. (NYSE: LOW) and AutoNation, Inc. (NYSE: AN). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/6781-100free.
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FedEx Corporation Research Reports
On September 17, 2014, FedEx Corporation (FedEx) released its Q1 FY 2015 financial results (period ended August 31, 2014). The Company reported Q1 FY 2015 total revenue of $11.7 billion, up 6.0% YoY. FedEx Express segment revenues improved 3.9% YoY to $6.9 billion due to higher U.S. domestic package volume and international export package yields partially offset by lower freight revenue; FedEx Ground segment revenue improved 8.4% YoY to $3.0 billion primarily driven by growth in e-commerce; and FedEx Freight segment revenues improved 13.0% YoY to $1.6 billion. The Company's Q1 2014 net income stood at $606 million or $2.10 per diluted share, compared to net income of $489 million or $1.53 per diluted shares in Q1 FY 2014. On average, analysts surveyed by Thomson Reuters had expected the Company to report Q1 FY 2015 EPS of $1.96 on revenue of $11.48 billion. For full-year FY 2015, the Company continues to expect diluted EPS in the range of $8.50 - $9.00. The full research reports on FedEx are available to download free of charge at:
http://www.analystsreview.com/Sep-26-2014/FDX/report.pdf
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Tim Hortons Inc. Research Reports
On September 23, 2014, Tim Hortons Inc. (Tim Hortons) announced the launch of its new creative campaign to hire more than 5,000 individuals across Canada for its restaurant team. The Company kicked-off its campaign in Calgary, where Tim Hortons owners are looking to hire 280 individuals. The Company's campaign includes in-restaurant, digital, and print advertising, as well as regional hiring initiatives including job fairs and restaurant hiring events. According to a survey conducted by Restaurants Canada, 65% of restaurant operators in Western Canada said labour shortages were having a negative impact on their business. The full research reports on Tim Hortons are available to download free of charge at:
http://www.analystsreview.com/Sep-26-2014/THI/report.pdf
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Sysco Corporation Research Reports
On September 23, 2014, Sysco Corporation (Sysco) announced that the Company is planning to come up with a public offer of unsecured notes, subject to market and other conditions. The notes are expected to be issued in six parts with maturities ranging from three years to 30 years. The net proceeds generated from this offering will be used by Sysco to pay the cash portion of the consideration for Sysco's proposed merger with US Foods, to refinance certain indebtedness of US Foods, to unwind certain cash flow hedges that Sysco entered into in contemplation of its assumption or refinancing of such indebtedness, to repay all or a portion of Sysco's outstanding commercial paper and to pay expected future direct transaction costs related to the merger. Sysco expects its merger with US Foods to occur in Q3 2014 or Q4 2014, subject to regulatory approvals. However, Sysco added that if the merger does not occur on or prior to October 8, 2015, the proceeds from this offering will be used to redeem each series of notes at 101% of aggregate principal plus accrued and unpaid interest. The full research reports on Sysco are available to download free of charge at:
http://www.analystsreview.com/Sep-26-2014/SYY/report.pdf
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Lowe's Companies, Inc. Research Reports
On September 23, 2014, Lowe's Companies, Inc. (Lowe's) announced that the U.S. Environmental Protection Agency (EPA) has awarded the Company with a 2014 SmartWay Excellence Award for superior environmental performance in supply chain operations. Lowe's was one of 11 companies to receive this award, representing the best environmental performers of SmartWay's nearly 3,000 partners. The Company was awarded the 2014 SmartWay Excellence Award for its efforts to reduce emissions and improve fuel efficiency across the freight industry. Rick Gabrielson, Lowe's Vice President of Transportation, said, "It strengthens our commitment to continue to promote responsible transportation practices that benefit the freight industry, all of our communities and, ultimately, our customers." The full research reports on Lowe's are available to download free of charge at:
http://www.analystsreview.com/Sep-26-2014/LOW/report.pdf
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AutoNation, Inc. Research Reports
On September 22, 2014, AutoNation, Inc. (AutoNation) announced that the Company plans to release its Q3 2014 financial results on October 28, 2014. On the same day, at 11:00 a.m. ET, the Company will hold a conference call in which Mike Jackson, Chairman and CEO, Mike Maroone, President and Chief Operating Officer, Cheryl Scully, Executive Vice President and CFO, and Jon Ferrando, Executive Vice President responsible for M&A, will discuss the results. The conference call will be available on the Company's official website. Analysts surveyed by Bloomberg Businessweek expect the Company to report Q3 2014 EPS of $0.86 on revenues of $4.8 billion. The full research reports on AutoNation are available to download free of charge at:
http://www.analystsreview.com/Sep-26-2014/AN/report.pdf
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