Leadership Changes, Sales Report, Quarterly Dividends, Store Opening Celebrations, and New Lease Agreements - Analyst Notes on Cardinal Health, Grainger, TJX, Rite Aid and ALC
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17 Jun, 2014, 06:20 ET
NEW YORK, June 17, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Cardinal Health Inc. (NYSE: CAH), W.W. Grainger, Inc. (NYSE: GWW), The TJX Companies, Inc. (NYSE: TJX), Rite Aid Corporation (NYSE: RAD) and Air Lease Corp (NYSE: AL). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/3781-100free.
Cardinal Health Inc. Analyst Notes
On June 11, 2014, Cardinal Health Inc. (Cardinal Health) announced that its Chief Financial Officer, Jeff Henderson, will retire at the end of FY 2015, after completing a decade in the role. The Company reported that it will evaluate both internal and external candidates and plans to name a successor by the end of 2014. George Barrett, Chairman and CEO, Cardinal Health said, "Jeff has been a terrific partner to me in helping shape the direction and the performance of Cardinal Health. Jeff joined the company at a critical juncture in 2005 and played a central role in the repositioning of the company to serve a fast-changing global healthcare landscape. During his tenure, Jeff transformed the capabilities and effectiveness of our finance organization and demonstrated a deep commitment to growing shareholder value. In addition, he has also successfully led several Cardinal Health businesses, including most recently, our rapidly growing business in China. Our team thanks him for his many contributions, and I look forward to working with him to ensure a smooth transition as we move through the coming fiscal year." The full analyst notes on Cardinal Health are available to download free of charge at:
W.W. Grainger, Inc. Analyst Notes
On June 12, 2014, W.W. Grainger, Inc. (Grainger) announced its sales results for May 2014. The Company posted an increase of 6% YoY in its daily sales, which included 2% from acquisitions, net of dispositions, and 1% decline from unfavorable foreign exchange. Grainger added that excluding the acquisitions and foreign exchange, the Company's organic daily sales increased by 5% driven by 6% growth from volume, partially offset by a 1% decline from lower sales of seasonal products. The Company informed that May 2014 had 21 selling days versus 22 selling days in May 2013 and that Q2 2014 will have 64 selling days, same as Q2 2013 number of selling days. The Company is scheduled to report its Q2 2014 earnings on Thursday, July 17, 2014, at 7:30 a.m. EDT. The full analyst notes on Grainger are available to download free of charge at:
The TJX Companies, Inc. Analyst Notes
On June 11, 2014, The TJX Companies, Inc. (TJX) declared a quarterly cash dividend of $0.175 per share on its common stock. The dividend is payable on September 4, 2014, to shareholders of record as on August 14, 2014. The full analyst notes on TJX are available to download free of charge at:
Rite Aid Corporation Analyst Notes
On June 12, 2014, Rite Aid Corporation (Rite Aid) announced that it will kick off the celebration of the grand re-opening of its Beverly Hills Store by hosting 21 days of special events for its customers. The Company reported that starting on Sunday, June 15, 2015, all the way through Saturday, July 5, 2014, every day at the store, located at 300 North Canon Drive, Beverly Hills, Rite Aid will host a free event for customers, which will include free health screenings, product demonstrations, and sampling and refreshments. Appearances from Julie G., beauty blogger and founder of the Julie G. nail enamel line; Eddie Funkhouser, celebrity makeup artist and expert product developer; Galit Strugano Wigdor, beauty expert and founder of Girlactik Beauty; Gabriel Almodovar, celebrity makeup artist for Maybelline New York; Sam and Nic Chapman; and Denise Austin, fitness expert, amongst others, will also be included in the special events. The full analyst notes on Rite Aid are available to download free of charge at:
Air Lease Corp Analyst Notes
On June 9, 2014, Air Lease Corp. (ALC) announced that it has entered into twelve-year lease agreements with EVA Air (Taiwan) for two new Boeing 777-300ER widebody aircraft, which are scheduled to be delivered in H2 2015 and H1 2016, respectively. ALC stated that the aircrafts are from the Company's order book with Boeing. Chi Yan, Vice President of Air Lease Corporation said, "We are pleased to conclude this important long term lease transaction with EVA Air, one of the premier international airlines in Asia, and a strategic new lease customer for ALC. As the demand for intercontinental routes from the Asia Pacific region continues to increase, ALC is pleased that these two new fuel efficient widebody aircraft will be an instrumental part of EVA's expansion in that market." The full analyst notes on ALC are available to download free of charge at:
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