Upcoming AWS Coverage on Ross Stores Post-Earnings Results
LONDON, UK / ACCESSWIRE / May 26, 2017 / Active Wall St. blog coverage looks at the headline from leading global manufacturer, marketer and distributor of branded packaged specialty rice and other related food products, Amira Nature Foods Ltd (NYSE: ANFI), as the Company announced on May 24, 2017, that it has successfully expanded its distribution footprint in Germany by obtaining a national listing with Rewe Group, a major German retailer. Register with us now for your free membership and blog access at: http://www.activewallst.com/register/.
One of Amira Nature Foods' competitors within the Food - Major Diversified space, Ross Stores, Inc. (NASDAQ: ROST), reported on May 18, 2017, its financial results for Q1 2017. AWS will be initiating a research report on Ross Stores in the coming days.
Benefits of the Expansion
Amira Nature Foods' German subsidiary, AMIRA BASMATI RICE GMBH EUR currently sells its Amira, Atry, Sadry, Sativa, Scheherazade, and Sultan brands into more than 4,000 retail stores in Germany and in neighboring European countries. The national listing in Germany with Rewe will increase the Company's total distribution in the German region to approximately 6,400 retail stores.
Karan A. Chanana, Amira Nature Foods' Chairman and Chief Executive Officer stated:
"We are pleased to add to our geographic footprint in Germany and to further grow this geographic market for us."
Tobias Strerath, CEO of AMIRA BASMATI RICE GMBH EUR added:
"We have worked hard over the years to service this account and we are very excited to see these efforts come to life with a national listing for our ATRY brand. This retail win is a confirmation of our hard work and dedication to the business."
Amira Nature Foods first entered the German market through its acquisition of AMIRA BASMATI RICE GMBH EUR in December 2013. On March 08, 2017, Amira Nature Foods announced that it has acquired a portfolio of packaged specialty rice brands which include Al Amir, Al Hakim, Bano, Dalia, Hanna, and Shah Pari brands from Euro Basmati GmbH in Germany. These brands are primarily been sold through the ethnic channel in Germany.
On May 23, 2017, Amira Nature Foods announced that it expects to release its full year audited financial results and its Form 20-F for the fiscal year ended March 31, 2017, in July 2017. Based upon its unaudited financials, Amira Nature Foods generated revenues for the six months ended March 31, 2017, that increased by approximately 2% or more compared to the year ago same period. Additionally, the Company estimates that its adjusted EBITDA margins for the year will be broadly in-line with its historical full year adjusted EBITDA margins.
Bruce Wacha, Amira Nature Foods' Chief Financial Officer stated:
"We are encouraged by the improved performance in the second half of our fiscal 2017. We have reached an inflection point in our business recovery and we are now positioned to report modest growth for the six months ended March 31, 2017 when compared to the same period in the prior year. We continue to focus on growth opportunities and building the business. We look forward to discussing our improved performance for fiscal 2017 and providing our outlook fiscal 2018."
On Thursday, May 25, 2017, Amira Nature Foods' shares closed the trading session at $4.98, climbing 1.84% from its previous closing price of $4.89. A total volume of 74.56 thousand shares have exchanged hands. Shares of the company have a PE ratio of 5.41 and currently have a market cap of $184.16 million.
Active Wall Street:
Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
AWS has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst, for further information on analyst credentials, please email firstname.lastname@example.org. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by AWS. AWS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
AWS, the Author, and the Reviewer are 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 whatsoever for any direct, indirect or consequential loss arising from the use of this document. AWS, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, AWS, the Author, and the Reviewer do 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.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither AWS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.activewallst.com/disclaimer/.
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Phone number: 1-858-257-3144
Office Address: 3rd floor, 207 Regent Street, London, W1B 3HH, United Kingdom
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE: Active Wall Street