Divestitures, Strategic Partnerships, Strengthened Leadership Teams, and Educational Initiatives - Research Report on Safeway, Casey's, Burger King, The Fresh Market, and Harris Teeter Supermarkets
NEW YORK, June 18, 2013 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Today, Wall Street Reports announced new research reports highlighting Safeway Inc. (NYSE: SWY), Casey's General Stores Inc. (NASDAQ: CASY), Burger King Worldwide, Inc. (NYSE: BKW), The Fresh Market, Inc. (NASDAQ: TFM), and Harris Teeter Supermarkets, Inc. (NYSE: HTSI). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Safeway Inc. Research Report
On June 12, 2013, Safeway Inc. (Safeway) announced that it has entered into an agreement to sell its Canadian operations through a sale of the net assets of Canada Safeway Limited to Sobeys Inc. (Sobeys), a Canadian food retailer and wholly-owned subsidiary of Empire Company Limited. The transaction amounted to (Canadian Dollar) CAD$ 5.8 billion and proceeds are expected to be used to pay down the Company's debt worth $2.0 billion, while the majority of the remainder will be used to buy back stock. "We are pleased to enter into this agreement with Sobeys in order to realize the higher multiples attributed to Canadian supermarket companies," said Robert Edwards, President and Chief Executive Officer of Safeway. "The substantial cash proceeds from this transaction will allow us to create value for Safeway stakeholders and contribute to the growth of the ongoing business." The transaction is anticipated to close in Q4 2013 and is subject to customary closing conditions. The Full Research Report on Safeway Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at [http://www.wsreports.com/r/full_research_report/5108_SWY]
--
Casey's General Stores Inc. Research Report
On June 13, 2013, Casey's General Stores, Inc. (Casey's) reported its financial results for Q4 FY 2013 (period ended April 30, 2013). The Company's diluted EPS remained unchanged at $0.60 from Q4 FY 2012. For FY 2013, diluted earnings per share were $2.86 compared to $3.04 in FY 2012. "A difficult cigarette environment and challenging weather comparisons adversely impacted sales during fiscal 2013," said Chairman and Chief Executive Officer, Robert J. Myers. "However, in the fourth quarter we saw strong sales gains with the recent implementation of a "fuel saver" program in partnership with Hy-Vee grocery stores and competitive cigarette pricing adjustments made earlier in the fiscal year. We expect this momentum will continue into fiscal 2014." The Full Research Report on Casey's General Stores Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at [http://www.wsreports.com/r/full_research_report/3a1b_CASY]
--
Burger King Worldwide, Inc. Research Report
On June 7, 2013, Burger King Worldwide, Inc. (Burger King) announced that Daniel Schwartz and Bernardo Hees have assumed their positions as the Company's new Chief Executive Officer and Vice Chairman of Burger Kings' Board of Directors, respectively. Since 2010, Mr. Schwartz has been an integral part of the Company's leadership team that led a global transformation of the BURGER KING brand. "I am confident that our management team has well-positioned the BURGER KING brand for long-term profitable growth," said Daniel Schwartz, Chief Executive Officer. "This transition has been seamless as we successfully executed our long-term succession plan. I, along with the rest of our leadership team, remain confident in our ability to maintain the momentum we have created for the BURGER KING brand globally." The Full Research Report on Burger King Worldwide, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at [http://www.wsreports.com/r/full_research_report/8dcf_BKW]
--
The Fresh Market, Inc. Research Report
On June 7, 2013, The Fresh Market Inc. (The Fresh Market) and The New England Aquarium jointly announced their national partnership to promote sustainable fishing practices and responsible aquaculture. "This coalition of preservation and awareness is one step toward offering our customers sustainably harvested seafood, while continuing to provide the wide selection of high-quality fresh fish and shellfish that they have come to expect from The Fresh Market," said Ross Reynolds, Vice President of Merchandising for Meat and Seafood at The Fresh Market. The collaboration was inspired by the specialty grocer's intent to ensure responsibly sourced seafood, combined with an overarching goal of helping protect the ocean's endangered resources. The Full Research Report on The Fresh Market, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at [http://www.wsreports.com/r/full_research_report/7801_TFM]
--
Harris Teeter Supermarkets, Inc. Research Report
On May 24, 2013, Harris Teeter Supermarkets, Inc. (Harris Teeter) announced its $3,000 worth of donations to local schools to support their commitment to educational programs. The organizations receiving the donations are: Brooks Museums Magnet Elementary School PTA, Millbrook High School, and St. David's School. Harris Teeter Together in Education, similar to the North Carolina Education Lottery, raises money for education initiatives to boost returns for education throughout North Carolina. Danna Jones, Communication Specialist for Harris Teeter, said, "We are always excited by this opportunity as it gives us the opportunity to continue to show our commitment to the community and schools by donating the money back to one of our Together in Education partners." The Full Research Report on Harris Teeter Supermarkets, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at [http://www.wsreports.com/r/full_research_report/4bd5_HTSI]
----
EDITOR NOTES:
- This is not company news. We are an independent source and our views do not reflect the companies mentioned.
- Information in this release is fact checked and produced on a best efforts basis and reviewed by a CFA. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
- This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
- If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at [email protected].
- For any urgent concerns or inquires, please contact us at [email protected].
- Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to [email protected] for consideration.
COMPLIANCE PROCEDURE
Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Equity News Network. An outsourced research services provider has, through Chartered Financial Analysts, only reviewed the information provided by Equity News Network in this article or report according to the Procedures outlined by Equity News Network. Equity News Network is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.
NOT FINANCIAL ADVICE
Equity News Network makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.
NO WARRANTY OR LIABILITY ASSUMED
Equity News Network is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Equity News Network whatsoever for any direct, indirect or consequential loss arising from the use of this document. Equity News Network expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Equity News Network does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
SOURCE Wall Street Reports
Share this article