On Tuesday, Kraft Heinz Co (NASDAQ:KHC)’s shares declined -0.93% to $70.21.
The Kraft Heinz Company (KHC) stated second quarter results for Kraft Foods Group, Inc. (“Kraft”) and H.J. Heinz Holding Corporation (“Heinz”) for the periods ended June 27, 2015, and June 28, 2015, respectively. Kraft Heinz filed a Form 8-K with the U.S. Securities and Exchange Commission (“SEC”) containing a detailed talk aboution of Kraft’s second quarter results in addition to a Form 10-Q containing a detailed talk aboution of Heinz’s second quarter results. Subsequent to the end of the second quarter, the company successfully accomplished the merger of Kraft and Heinz.
The company remains confident in its ability to deliver against its initial financial expectations for the merger of Kraft and Heinz, counting its expectation to generate aggressive, run-rate cost savings of $1.5 billion by the end of 2017, inclusive of savings from productivity and cost savings initiatives contemplated preceding to the merger. As a matter of practice, however, Kraft Heinz does not expect to issue or update earnings guidance going forward.
The Kraft Heinz Company, through its auxiliaries, operates as a food and beverage company in North America and internationally. It primarily offers food and beverage products, counting cheese, meats, refreshment beverages, coffee, packaged dinners, refrigerated meals, snack nuts, dressings, ketchup, condiments and sauces, frozen food, soups, beans and pasta meals, infant nutrition, and other food and grocery products.
Tuesday Morning Corporation (NASDAQ:TUES)’s shares gained 10.95% to $6.89.
Tuesday Morning Corporation (TUES), a leading off-price retailer with over 750 stores across the United States specializing in selling deeply discounted, upscale decorative home accessories, housewares, seasonal goods and famous-maker gifts, recently declared financial results for the fourth quarter and fiscal year ended June 30, 2015. Net sales for the fourth quarter raised 0.2% to $213.0 million, and comparable store sales raised 3.6%. Operating loss for the fourth quarter was $4.0 million, and diluted loss per share was $0.10, a 41% improvement over the same period in the preceding year.
ourth Quarter 2015 Financial Highlights comprise the following:
- Net sales raised 0.2% to $213.0 million, contrast to $212.6 million for the fourth quarter of fiscal 2014. The Company’s sales comparison to the preceding year is influenced by the net closure of 41 stores in the current year. Comparable store sales raised 3.6% contrast to the same period a year ago, and were comprised of a 2.8% enhance in customer transactions and a 0.8% enhance in average ticket. Comparable store sales during the Company’s fourth quarter of fiscal 2015 were influenced by a noteworthyreduction in the level of clearance inventory sold contrast to the preceding year quarter, due to a two week final clearance program conducted in fiscal 2014. Not taking into account the impact from the special clearance program, comparable store sales raised 8.5% in the current year period. Sales at the 30 stores relocated during the past 12 months raised about 40% on average for the fourth quarter of fiscal 2015 as contrast to the preceding year quarter and contributed 180 basis points to the comparable store sales enhance of 3.6%.
Tuesday Morning Corporation operates as a retailer of upscale decorative home accessories, housewares, seasonal goods, and famous-maker gifts in the United States. Its merchandise primarily comprises of home décor, furniture, kitchen accessories, bed and bath, electrics, luggage, toys, crafts, and pets. The company also offers various branded merchandise, counting Le Creuset and Calphalon cookware, Cuisinart and Kitchenaid appliances, Sferra and Peacock Alley linens, Kenneth Cole and Michael Kors fashion accessories, Hartmann and Samsonite luggage, Lenox tabletop, Waterford crystal, Hunter and Casablanca fans, and others. As of June 30, 2014, it operated 810 discount retail stores in 41 states.
At the end of Tuesday’s trade, 6D Global Technologies Inc (NASDAQ:SIXD)‘s shares surged 177.42% to $3.44.
6D Global Technologies, Inc.(SIXD), a premier digital business solutions company listed on NASDAQ under stock symbol “SIXD,” declared that the Company will open an office in Ireland, marking the official launch of the company’s European operations.
To service customers outside the United States, 6D Global has begun expansion of its operations into the European market with the formation of an Irish office, a key milestone for 6D Global who already operates with businesses and agencies in different industry sectors around the world. The key functions of the Dublin-based 6D Global will be sales and solution support of the company’s growing European business, in addition to extending support access for all of 6D Global’s clients looking to expand globally.
6D Global was introduced to Ireland through ConnectIreland, the company responsible for delivering the Government’s Succeed in Ireland initiative, as part of the Action Plan for Jobs, in association with IDA Ireland. Many of the world’s biggest and most successful companies across a range of industry sectors already have considerable operations in Ireland.
JinkoSolar Holding Co., Ltd. (NYSE:JKS), ended its Tuesday’s trading session with 10.97% gain, and closed at $17.40.
JinkoSolar Holding Co., Ltd. (JKS), a global leader in the solar PV industry, declared that JinkoSolar Power Engineering Group Limited (“Jinko Power”), a partner of the Company, has signed a $150 million loa contract with Credit Suisse AG (“Credit Suisse”) and a number of financial institutions. Proceeds from the financing will be used to expand Jinko Power’s project portfolio in China and provides funds to expand capacity to 1.4 GW. Credit Suisse acted as sole arranger and led the consortium of investors in the financing.
According to the terms of agreement, Jinko Power will receive an 18-month senior secured term loan totaling $150 million. The lenders will also be granted warrants, which represent no more than about 2% of Jinko Power’s equity on a fully distributed basis, subject to their terms and conditions.
JinkoSolar Holding Co., Ltd., together with its auxiliaries, engages in the design, development, production, and marketing of photovoltaic products in the People’s Republic of China and internationally. The company operates through two segments, Manufacturing and Solar Power Projects. It offers solar modules, solar cells, silicon ingots and silicon wafers, and recovered silicon materials.
JinkoSolar Holding Co., Ltd., together with its auxiliaries, engages in the design, development, production, and marketing of photovoltaic products in the People’s Republic of China and internationally. The company operates through two segments, Manufacturing and Solar Power Projects. It offers solar modules, solar cells, silicon ingots and silicon wafers, and recovered silicon materials.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should might occur.
