Apple fiscal 2016-Q2: Our team executed extremely well in the face of strong macroeconomic headwinds

CUPERTINO, California, 2016-Apr-28 — /EPR Retail News/ — Apple® today announced financial results for its fiscal 2016 second quarter ended March 26, 2016. The Company posted quarterly revenue of $50.6 billion and quarterly net income of $10.5 billion, or $1.90 per diluted share. These results compare to revenue of $58 billion and net income of $13.6 billion, or $2.33 per diluted share, in the year-ago quarter. Gross margin was 39.4 percent compared to 40.8 percent in the year-ago quarter. International sales accounted for 67 percent of the quarter’s revenue.

“Our team executed extremely well in the face of strong macroeconomic headwinds,” said Tim Cook, Apple’s CEO. “We are very happy with the continued strong growth in revenue from Services, thanks to the incredible strength of the Apple ecosystem and our growing base of over one billion active devices.”

The Company also announced that its Board of Directors has authorized an increase of $50 billion to the Company’s program to return capital to shareholders. Under the expanded program, Apple plans to spend a cumulative total of $250 billion of cash by the end of March 2018.

“We generated strong operating cash flow of $11.6 billion and returned $10 billion to shareholders through our capital return program during the March quarter,” said Luca Maestri, Apple’s CFO. “Thanks to the strength of our business results, we are happy to be announcing today a further increase of the program to $250 billion.”

As part of the updated program, the Board has increased its share repurchase authorization to $175 billion from the $140 billion level announced last year. The Company also expects to continue to net-share-settle vesting restricted stock units.

The Board has approved an increase of 10 percent to the Company’s quarterly dividend, and has declared a dividend of $.57 per share, payable on May 12, 2016 to shareholders of record as of the close of business on May 9, 2016.

From the inception of its capital return program in August 2012 through March 2016, Apple has returned over $163 billion to shareholders, including $117 billion in share repurchases.

The Company plans to continue to access the domestic and international debt markets to assist in funding the program. The management team and the Board will continue to review each element of the capital return program regularly and plan to provide an update on the program on an annual basis.

Apple is providing the following guidance for its fiscal 2016 third quarter:

  • revenue between $41 billion and $43 billion
  • gross margin between 37.5 percent and 38 percent
  • operating expenses between $6 billion and $6.1 billion
  • other income/(expense) of $300 million
  • tax rate of 25.5 percent

Apple will provide live streaming of its Q2 2016 financial results conference call beginning at 2:00 p.m. PDT on April 26, 2016 at www.apple.com/investor/earnings-call/. This webcast will also be available for replay for approximately two weeks thereafter.

This press release contains forward-looking statements including without limitation those about the Company’s estimated revenue, gross margin, operating expenses, other income/(expense), tax rate, and plans for dividends, share repurchases and public debt issuance. These statements involve risks and uncertainties, and actual results may differ. Risks and uncertainties include without limitation the effect of competitive and economic factors, and the Company’s reaction to those factors, on consumer and business buying decisions with respect to the Company’s products; continued competitive pressures in the marketplace; the ability of the Company to deliver to the marketplace and stimulate customer demand for new programs, products, and technological innovations on a timely basis; the effect that product introductions and transitions, changes in product pricing or mix, and/or increases in component costs could have on the Company’s gross margin; the inventory risk associated with the Company’s need to order or commit to order product components in advance of customer orders; the continued availability on acceptable terms, or at all, of certain components and services essential to the Company’s business currently obtained by the Company from sole or limited sources; the effect that the Company’s dependency on manufacturing and logistics services provided by third parties may have on the quality, quantity or cost of products manufactured or services rendered; risks associated with the Company’s international operations; the Company’s reliance on third-party intellectual property and digital content; the potential impact of a finding that the Company has infringed on the intellectual property rights of others; the Company’s dependency on the performance of distributors, carriers and other resellers of the Company’s products; the effect that product and service quality problems could have on the Company’s sales and operating profits; the continued service and availability of key executives and employees; war, terrorism, public health issues, natural disasters, and other circumstances that could disrupt supply, delivery, or demand of products; and unfavorable results of legal proceedings. More information on potential factors that could affect the Company’s financial results is included from time to time in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of the Company’s public reports filed with the SEC, including the Company’s Form 10-K for the fiscal year ended September 26, 2015, its Form 10-Q for the fiscal quarter ended December 26, 2015, and its Form 10-Q for the fiscal quarter ended March 26, 2016 to be filed with the SEC. The Company assumes no obligation to update any forward-looking statements or information, which speak as of their respective dates.

Apple revolutionized personal technology with the introduction of the Macintosh in 1984. Today, Apple leads the world in innovation with iPhone, iPad, Mac, Apple Watch and Apple TV. Apple’s four software platforms — iOS, OS X, watchOS and tvOS — provide seamless experiences across all Apple devices and empower people with breakthrough services including the App Store, Apple Music, Apple Pay and iCloud. Apple’s 100,000 employees are dedicated to making the best products on earth, and to leaving the world better than we found it.

Press Contact:
Kristin Huguet
Apple
khuguet@apple.com
(408) 974-2414

Investor Relations Contacts:
Nancy Paxton
Apple
paxton1@apple.com
(408) 974-5420

Joan Hoover
Apple
hoover1@apple.com
(408) 974-4570

Apple and the Apple logo are trademarks of Apple. Other company and product names may be trademarks of their respective owners.

Apple Media Helpline (408) 974-2042

Meijer LPGA Classic: Carla Hall, Dean Fearing and Marcus Samuelsson to host Celebrity Chef Nights

Carla Hall, Dean Fearing and Marcus Samuelsson to host Celebrity Chef Nights

GRAND RAPIDS, Mich., 2016-Apr-28 — /EPR Retail News/ — The Meijer LPGA Classic for Simply Give continues to enhance its inaugural Grand Taste at the Meijer LPGA Classic event with the addition of three celebrity chef experiences. Celebrity Chefs Dean Fearing, Carla Hall and Marcus Samuelsson will host individual culinary experiences June 17-19 at Blythefield Country Club.

“One of the best things about this event is that it’s not just a golf event – there is literally something for everyone,” Meijer Co-Chairman Doug Meijer said. “We are thrilled to bring three culinary experts to the table and combine some of West Michigan’s finest cuisine with an unforgettable experience for our guests.”

Each iconic chef will host their own exclusive experience that will include live cooking demonstrations, food tastings and local restaurant partners.

A Night with Dean Fearing

Friday, June 17 – Blythefield Country Club

6:30-9:30 p.m.

Creator of Fearing’s Restaurant and author of “The Texas Food Bible,” Chef Dean Fearing is renowned for the “Elevated American Cuisine – Bold Flavors, No Borders” of his award-winning Fearing’s Restaurant in Dallas. Long known as the “Father of Southwestern Cuisine,” Fearing spent his life cooking for people who love good food.

An Evening with Carla Hall

Saturday, June 18 – Blythefield Country Club

6:30-9:30 p.m.

Carla Hall is a co-host of ABC’s popular lifestyle series “The Chew;” although she is best known as a competitor onBravo’sTop Chef,” where she won over audiences with her fun catch phrase, “Hootie Hoo,” and her philosophy to always cook with love. Hall’s Southern Kitchen — the chef’s first restaurant — open in NYC in late 2015. A fast-casual love letter to Nashville, the restaurant features iconic Nashville Hot Chicken and southern sides, anchored by Hall’s family recipes and perfected with her personal touches.

Father’s Day Brunch with Marcus Samuelsson

Sunday, June 19 – Blythefield Country Club

10 a.m. to 12 p.m.

Marcus Samuelsson is the acclaimed chef behind Red Rooster Harlem, Ginny’s Supper Club, and Streetbird Rotisserie. A committed philanthropist, and the youngest person to ever receive a three-star review from The New York Times, Samuelsson has won multiple James Beard Foundation Awards, including Best Chef: New York City, and was tasked with planning and executing the Obama Administration’s first State dinner. Samuelsson was also crowned champion of television shows “Top Chef Masters” and “Chopped All Stars,” and served as a mentor on ABC’sThe Taste.”

Tickets to each event cost $50 per person, and are available to purchase online at meijerLPGAclassic.com. Tickets are limited.

The 2016 Meijer LPGA Classic for Simply Give will host a full field of 144 players, playing 72 holes of stroke play over four days of competition. The driving mission of the Meijer LPGA Classic for Simply Give is to focus on feeding the hungry, and improving the quality of life within the region. The tournament coincides with the retailer’s Simply Giveprogram, which has generated more than $21 million since 2008 for food pantries in the communities it serves.

Similar to last year, proceeds from the tournament – and each of the week’s festivities – will benefit the Meijer Simply Give program that restocks the shelves of food pantries throughout the Midwest. The Meijer LPGA Classic for Simply Give has raised more than $1.3 million for the Simply Give program.

About Meijer Simply Give:
Meijer is a family-owned retailer based in Grand Rapids, Mich. with a fundamental philosophy aimed at strengthening the communities it serves. Meijer operates 223 supercenters and grocery stores throughout Michigan, Ohio, Indiana, Illinois, Kentucky and Wisconsin, and proudly donates more than 6 percent of its net profit each year to charities throughout the Midwest. With hunger as a corporate philanthropic focus, Meijer partners with hundreds of food banks and pantries through its Simply Give and food rescue programs. Meijer also supports education, disaster relief, and health and wellness initiatives. For additional information on Meijer philanthropy, please visit www.meijercommunity.com. Follow Meijer on Twitter @twitter.com/Meijer and @twitter.com/MeijerPR or become a fan at www.facebook.com/meijer.

About Blythefield Country Club:
Located just north of Grand Rapids, Blythefield has been providing families the best golf and social experience in West Michigan since 1928. With the Rogue River flowing through, Blythefield boasts one of the most beautiful championship layouts in Michigan. Previously, Blythefield has hosted the 1953 Western Amateur, the 1961 Western Open, won by Arnold Palmer, and the 2005 Western Junior won by Rickie Fowler. Beginning in 2014 Blythefield is honored to host the Meijer LPGA Classic. Learn more about Blythefield Country Club at www.blythefieldcc.org.

About the LPGA (Ladies Professional Golf Association):
The LPGA is the world’s leading professional golf organization for women. Founded in 1950, the association celebrates a diverse and storied membership with more than 2,300 members representing more than 30 different countries. With a Vision to inspire, empower, educate and entertain by showcasing the very best of women’s golf, LPGA Tour Professionals compete across the globe, while dedicated LPGA Teaching and Club Professionals (T&CP) directly impact the game through teaching, coaching and management. The Symetra Tour consistently produces a pipeline of talent ready for the world stage. The LPGA is headquartered in Daytona Beach, Florida. Follow the LPGA on its television home, Golf Channel, and on the web via: www.LPGA.comwww.facebook.com/LPGAwww.twitter.com/lpga, and www.youtube.com/lpgavideo.

About Octagon Global Events:
Octagon Global Events is a division of Octagon, the world’s largest sports and entertainment representation and marketing agency. Octagon Global Events focuses on premium event/property management, providing strategic corporate solutions. The division currently manages two Champions Tour events, two LPGA Tour events and the Toyota Texas Bass Classic. For more information, visit http://www.octagonglobalevents.com.

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Contact: Lesley Baker, Tournament Director, Octagon, Lesley.Baker@octagon.com, 616-426-6225 or Christina Fecher, Public Relations Manager, Meijer, Christina.Fecher@meijer.com, 616-735-7968

 

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Meijer LPGA Classic: Carla Hall, Dean Fearing and Marcus Samuelsson to host Celebrity Chef Nights

Meijer LPGA Classic: Carla Hall, Dean Fearing and Marcus Samuelsson to host Celebrity Chef Nights

Magnit FY 2015 Results: Revenue increased by 24.50% YoY

Krasnodar, RUSSIA, 2016-Apr-28 — /EPR Retail News/ — “Magnit”, Russia’s largest retailer (the “Company”; MOEX and LSE: MGNT) announces its audited FY 2015 results prepared in accordance with IFRS.

During 2015 the Company added (net) 2,378 stores (1,250 convenience stores, 29 hypermarkets, 58 “Magnit Family” stores and 1,041 drogerie stores) and increased its selling space by 22.92% in comparison to 2014 from 3,590.64 thousand sq. m. to 4,413.72 thousand sq. m. The total store base as of December 31, 2015 reached 12,089 stores (9,594 convenience stores, 219 hypermarkets, 155 “Magnit Family” stores and 2,121 drogerie stores).

Revenue increased by 24.50% YoY from 763,527.25 million RUR in 2014 to 950,613.34 million RUR in 2015. The top line growth was due to an increase in selling space as well as to a 6.21% increase in like-for-like sales.

Gross profit increased by 22.81% from 220,520.56 million RUR to 270,820.81 million RUR. Gross margin in 2015 amounted to 28.49%.

EBITDA increased by 21.03% from 85,909.67 million RUR in 2014 to 103,972.93 million RUR in 2015. EBITDA margin in 2015 amounted to 10.94%. EBITDA margin in the 4Q of 2015 was 11.09%. Net Debt / EBITDA ratio (in ruble terms) for 2015 amounted to 0.92.

2015 net income increased by 23.85% and amounted to 59,061.20 million RUR vs. 47,685.84 million RUR in 2014. Net income margin for 2015 was 6.21%.

Key figures presented in this press release are immaterially higher compared to numbers under management accounts announced by the Company on January 27, 2016. Thus, according to the audited FY 2015 results EBITDA and EBIT margins are higher by 1 b. p., while Net Income margin is higher 2 b.p.

For further information, please contact:

Timothy Post Head of Investor Relations
Email: post@magnit.ru
Office: +7-861-277-4554 x 17600
Mobile: +7-961-511-7678
Direct Line: +7-861-277-4562

Investor Relations Office MagnitIR@magnit.ru
Direct Line: +7-861-277-4562
Website: http://ir.magnit.com/

Media Inquiries Media Relations Department
press@magnit.ru

 

Company description: Magnit is Russia’s largest food retailer. Founded in 1994, the company is headquartered in the southern Russian city of Krasnodar. As of December 31, 2015, Magnit operated 33 distribution centers and about 12,089 stores (9,594 convenience, 374 hypermarkets, and 2,121 drogerie stores) in 2,361 cities and towns throughout 7 federal regions of the Russian Federation.

In accordance with the audited IFRS results for 2015, Magnit had revenues of RUB 951 billion and an EBITDA of RUB 104 billion. Magnit’s local shares are traded on the Moscow Stock Exchange (MOEX: MGNT) and its GDRs on the London Stock Exchange (LSE: MGNT) and it has a credit rating from Standard & Poor’s of BB+. Measured by market capitalization, Magnit is one of the largest retailers in Europe.

Lawson will offer full support to disaster relief and reconstruction efforts in Kumamoto

TOKYO, JAPAN, 2016-Apr-28 — /EPR Retail News/ — Lawson, Inc. would like to extend its deepest sympathies to those who suffered terrible loss in the devastating 2016 Kumamoto Earthquake. We sincerely hope for the speedy recovery of the affected regions and will offer our full support to disaster relief and reconstruction efforts in Kumamoto.

Lawson is keen to do all that it can to help, and fulfil its responsibility as a part of the social infrastructure that serves our communities. Japan’s Ministry of Economy, Trade and Industry lists convenience stores as key infrastructure along with electricity and gas supply on its earthquake recovery homepage. The government has urged all convenience store chains to reopen their stores to help ensure a stable supply of food products to quake-damaged areas. We have also noted that more people are taking refuge in convenience store parking areas because they feel safer there when aftershocks come.

Convenience stores were first recognized as Japan’s “fourth infrastructure arm” after gas, water and electricity following the 2011 earthquake and tsunami in northeast Japan since convenience stores not only sell food and drink, but a broad range of daily conveniences including batteries, toilet paper, underwear, and other essential daily items. While many stores are unable to open for business in emergency situations, convenience store franchise owners do their utmost to stay open, regardless of any damage they have themselves incurred, and, together with the headquarters, do everything possible to use their unique manufacturing and distribution systems to ensure a stable supply of products. Another key role for Japanese convenience stores is to utilize their manufacturing and distribution systems to deliver emergency supplies to areas affected by natural disaster as soon as possible.

This time, 80 of Lawson’s 141 stores in Kumamoto prefecture were forced to close on the day of the first earthquake on April 16, 2016 due to power cuts and severe damage to store shelves. However, all stores felt a strong sense of responsibility to reopen as soon as possible so they could be of service to local communities. As a result, nearly all stores were back in operation within two days on April 18, 2016. Our local stores used all means at their disposal to ensure as many different products reached their shelves as possible, alleviating product shortages in areas where the earthquakes had disrupted  traffic networks and cut off regular distribution routes and channels.

Lawson’s Kumamoto earthquake aid measures
Personnel support:

  • After April 16, a total of 200 Lawson headquarter staff from across Japan are being dispatched to the quake-hit areas to offer wide ranging support to local stores; from clearing up debris in damaged stores to delivering products safely to stores that can operate and helping to run the stores themselves.
  • Lawson’s top management went immediately to Kumamoto to provide support and encourage local store owners and staff.

Supply of products to stores:

  • Lawson employees used passenger cars to deliver products to local stores after problems occurred at the Kumamoto delivery center.
  • Delivered alternative products from the Fukuoka and Saga delivery centers.
  • Supplied stores in Kumamoto prefecture with rice balls made in Yamaguchi prefecture.
  • Transported 18,000 bakery items manufactured in factories in Chiba and Saitama by air from Tokyo’s domestic Haneda Airport. Lawson’s dispatched personnel then delivered the bakery items directly to stores.

Emergency food aid:
Between April 15-18, Lawson delivered the following products to the areas affected by the Kumamoto earthquake. The goods were distributed through local municipal organizations.

Water 1,200 bottles
Pot noodles 11,000 meals
Rice balls 1,900 items
Lunchboxes 100 items
Sushi 100 packs
Drinks 3,500 bottles/cans
Bananas 600 items
Oranges 1,000 items
Disposable chopsticks 11,000 pairs
Plastic bags 1,000 items

Financial donation:
Lawson began collecting donations on April 16 via in-store collection boxes, the Loppi multi-media terminals, and the company website. The donated money is being put to good use in the quake-affected areas through the Japan Red Cross Society.

CBRE Group included in Corporate Responsibility Magazine’s 2016 100 Best Corporate Citizens List

Los Angeles, CA, 2016-Apr-28 — /EPR Retail News/ — CBRE Group, Inc. (NYSE:CBG) today announced that the company has been included inCorporate Responsibility Magazine’s 2016 100 Best Corporate Citizens List.

Corporate Responsibility documents more than 260 data points of disclosure and performance measures obtained from publicly available information in developing its 100 Best Corporate Citizens list. Companies are ranked in seven categories: environment, climate change, employee relations, human rights, governance, finance, and philanthropy & community support.

“Sustainable success is built on a foundation of responsible business practices,” said Bob Sulentic, president and chief executive officer of CBRE. “Around the globe and in every business line, we are committed to supporting top talent, caring for our communities and minimizing our environmental impact. We are proud to be recognized in this year’s 100 Best Corporate Citizens List.“

Earlier this year, CBRE was ranked 15th on the list of 500 U.S.-based companies in Forbes magazine’s 2016 “America’s Best Employers” list. Additional recognition in 2016 includes being named as one of Fortune’s Most Admired Companies for the fourth year in a row, selection as a 2016 World’s Most Ethical Company® for the third straight year and receiving an EPA 2016 ENERGY STAR® Partner of The Year Sustained Excellence Award, marking the ninth consecutive year that CBRE has been recognized for ENERGY STAR performance.

The full 100 Best Corporate Citizens List can be found at www.thecro.com. More information about CBRE’s corporate responsibility programs can be found at www.cbre.com/responsibility.

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2015 revenue).  The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide.  CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting.  Please visit our website at www.cbre.com.

Media Relations
Robert McGrath

Senior Director, Global Media Relations
Robert.McGrath@cbre.com

Hy-Vee, Pinky Swear Foundation to host six kids triathlon fundraising events across the Midwest this summer

Hy-Vee to sponsor fundraising events to help children with cancer and their families

WEST DES MOINES, Iowa, 2016-Apr-28 — /EPR Retail News/ — Today, Hy-Vee, Inc. announced it is once again partnering with the Pinky Swear Foundation, a national charitable organization that supports children with cancer and their families, to host six kids triathlon fundraising events across the Midwest this summer. For the second year in a row, this unique partnership will bring Hy-Vee Pinky Swear Kids Triathlons to Omaha, Des Moines, Kansas City, Minneapolis and the Quad Cities.

Instead of focusing on competition, children at all fitness levels are encouraged to participate in the swim, bike and run events to help raise money for kids with cancer and their families. In many cases, the money raised provides basic needs, such as mortgage and rent, transportation, utilities, gas cards and food, to impacted families. According to the Pinky Swear Foundation, a child is diagnosed with cancer every 45 minutes in the United States and 1 out of 11 families given that news will file for bankruptcy.

“We are proud to once again partner with the Pinky Swear Foundation to highlight our commitment to health and wellness while also giving back to our communities,” said Ryan Grant, director of sports marketing for Hy-Vee. “The dedication that Hy-Vee Pinky Swear Kids Triathlon participants put into their fundraising and athletic efforts is truly inspiring.”

In 2015, more than 1,900 athletes participated in five events, raising more than $330,000 to help 110 families in need. This year, a sixth event has been added to accommodate increased participation in the Minneapolis area.

“We’re excited to continue our partnership with Hy-Vee to bring fun and accessible triathlons to cities in Nebraska, Iowa, Missouri and Minnesota,” said Brian Nelson, executive director of the Pinky Swear Foundation. “I am proud of the work we’ve done so far and will be doing in engaging kids in these communities to help other kids. We look forward to working with Hy-Vee to serve hundreds of additional children with cancer and their families.”

2016 Event Schedule:

July 9 — University of Nebraska – Omaha, Omaha, NE
July 23 — Raccoon River Park, Des Moines, IA
July 31 — Arrowhead Stadium, Kansas City, MO
Aug. 6 — Lake Nokomis, Minneapolis, MN
Aug. 13 — Bettendorf YMCA, Bettendorf, IA
Aug. 20 — Lake Ann, Chanhassen, MN

Register now to participate in one of the Hy-Vee Pinky Swear Kids Triathlons atwww.pinkyswear.org/hy-vee.

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Hy-Vee, Inc. is an employee-owned corporation operating 240 retail stores across eight Midwestern states with sales of $9.3 billion annually. Hy-Vee ranks among the top 25 supermarket chains and the top 50 private companies in the United States. Supermarket News, the authoritative voice of the food industry, has honored the company with a Whole Health Enterprise Award for its leadership in providing services and programs that promote a healthy lifestyle. For more information, visit www.hy-vee.com.

The Pinky Swear Foundation was founded on a pinky swear promise as a dying wish between a nine-year old boy and his father to help children with cancer and their families by providing immediate basic needs support and unique family programs. That pinky swear, the most solemn of oaths between two people, lives on today in the Pinky Swear Foundation. The Pinky Swear Foundation is passionately committed to helping children with cancer and their families by being fanatically responsive to the immediate crisis facing families with a childhood cancer diagnosis. Pinky Swear Foundation activities include the world’s largest kids fundraising triathlon series, National Pinky Swear Day, and other community engagement opportunities. Visit us at PinkySwear.org or follow us at @PinkySwearFndtn.