Tesco Advises That Adoption of New Accounting Standard to Impact Earnings, Indebtedness Tesco Advises That Adoption of New Accounting Standard to Impact Earnings, Indebtedness
Lennox Q1 Tops Estimates on EPS and Revenue; Affirms Full-Year Adjusted EPS Lennox Q1 Tops Estimates on EPS and Revenue; Affirms Full-Year Adjusted EPS
CannTrust Plans to Sell $200 Million in Stock, Sees Q1 Revenues More Than Doubling CannTrust Plans to Sell $200 Million in Stock, Sees Q1 Revenues More Than Doubling
Bed Bath & Beyond’s Co-Founders Retire Amid Board Revamp to Bolster Diversity Bed Bath & Beyond’s Co-Founders Retire Amid Board Revamp to Bolster Diversity

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Tesco Advises That Adoption of New Accounting Standard to Impact Earnings, Indebtedness

Tesco Advises That Adoption of New Accounting Standard to Impact Earnings, Indebtedness

British grocery chain Tesco (TSCO.L) advised that its diluted earnings per share and total indebtedness would change as a result of the adoption of a new financial reporting standard on accounting for leases during the current fiscal year. The company, which is the UK’s biggest supermarket operator by market share, said that diluted earnings per share would decrease and total […]

Lennox Q1 Tops Estimates on EPS and Revenue; Affirms Full-Year Adjusted EPS

Lennox Q1 Tops Estimates on EPS and Revenue; Affirms Full-Year Adjusted EPS

Lennox International (LII), a heating, air conditioning and refrigeration company, reported Q1 adjusted earnings of $1.68 per share, up from $1.22 in the same period a year ago and exceeding the estimate of $1.43 from analysts polled by Capital IQ. Total revenue of $790.3 million was down from $834.8 million in the same period a year ago and topped the […]

Bemis Sees $215 Mln in Asset Sales To Clear Justice Department Antitrust Hurdles

Bemis Sees $215 Mln in Asset Sales To Clear Justice Department Antitrust Hurdles

Bemis Company (BMS), a plastic-packaging manufacturer attempting to complete a merger with Amcor, on Monday said Amcor plans to shed $215 million in assets to satisfy Department of Justice antitrust concerns. Amcor has agreed to sell plants in Massachusetts and Wisconsin for $215 million to privately held Techni-Plex. The combined sales revenue from the assets is about $100 million a […]

CannTrust Plans to Sell $200 Million in Stock, Sees Q1 Revenues More Than Doubling

CannTrust Plans to Sell $200 Million in Stock, Sees Q1 Revenues More Than Doubling

CannTrust Holdings Inc. (CTST) said it sees Q1 sales of $17 million, or 116% higher than the $7.8 million in the year-earlier period, as the Ontario cannabis producer commences a $200 million share offering. The company’s adjusted EBITDA loss is forecast to fall to between $3.5 million and $4.5 million from $8.55 million in the same period ended March a […]

Bed Bath & Beyond’s Co-Founders Retire Amid Board Revamp to Bolster Diversity

The co-founders of Bed Bath & Beyond (BBBY) will retire from the company’s board as part of the home goods retailer’s overhaul of its directors as it seeks to bolster diversity. Bed Bath & Beyond will also form a business transformation and strategy review committee and reconstitute its audit and compensation committees, according to a statement on Monday. Five independent […]