Blog Exposure - Welbilt Inks Strategic Partnership Deal with XiaoMai Store and Youle
Stock Monitor: Cynergistek Post Earnings Reporting
LONDON, UK / ACCESSWIRE / April 6, 2018 / Active-Investors.com has just released a free research report on Welbilt, Inc. (NYSE: WBT). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=WBT as the Company's latest news hit the wire. On April 04, 2018, the Company announced that it has inked a strategic partnership agreement with XiaoMai Store, which is a China-based smart convenience store; and Youle, which is a leading catering service supply chain platform in China, in order to develop high-output, small footprint kitchens for XiaoMai Store. Register today and get access to over 1000 Free Research Reports by joining our site below:
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Active-Investors.com is currently working on the research report for Cynergistek, Inc. (NYSE American: CTEK), which also belongs to the Industrial Goods sector as the Company Welbilt. Do not miss out and become a member today for free to access this upcoming report at:
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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Welbilt most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:
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XiaoMai Store's innovative concept of unmanned retail sales stores is targeted at increasing accessibility to catering using a strong supply chain system and artificial intelligence.
Partnership Details
Welbilt, together with Youle, will help XiaoMai Store develop a solution to provide consumers with food and beverage that is comparable in terms of quality, variety, and taste. In addition, as stores will usually be unmanned and sometimes in remote areas, connectivity is critical to collect data and update menu options as demand and trends change.
XiaoMai Store Becomes Launch Partner for Welbilt's New Merrychef® eikon® e1s High-Speed Ovens
XiaoMai Store has become the launch partner for Welbilt's new Merrychef® eikon® e1s high-speed ovens with an initial order of 100 ovens, with plans to incorporate them in all its stores throughout China, as it expands rapidly over the next three years. These ovens will become an integral part of the connected and automated kitchens that are being developed for XiaoMai Store.
Youle's Vision to Provide Safe, Hygienic, and Innovative Foodservice Through Intelligent System
Terrence Cheng, Chief Executive Officer (CEO) of Youle, stated that the core of retailing is based on consumer experience. No company has yet to change the nature of foodservice delivery through personalized foods and services. Cheng added that Youle believes its vision of providing safe, hygienic, and innovative foodservice through an intelligent system will truly enhance the consumer experience.
Welbilt's Fitkitchen℠ System Solutions are Ideally Suited to Address XiaoMai Store's Need for High-Output
Commenting on the partnership, Hubertus Muehlhaeuser, President, and CEO of Welbilt, stated that the Company is happy to be strategic partners with XiaoMai Store and Youle as they change how food is delivered to consumers. Muehlhaeuser added that Welbilt's Fitkitchen℠ system solutions and services are ideally suited to address XiaoMai Store's need for high-output, smaller footprint kitchens that bring together foodservice equipment, connectivity, and automation.
Welbilt's Fitkitchen℠ System
The goal of Welbilt's Fitkitchen℠ is to provide customized solutions that reduce footprint and right size equipment to reduce capital and labor costs, improve the speed of service and quality of food to increase customer experience and retention, and introduce new technology and products that deliver smart and lean kitchens. The Fitkitchen℠ concept takes Welbilt's best-in-class commercial foodservice brands along with the centralized leadership of global innovation, culinary, and market development teams to work across all segments and platforms.
About XiaoMai Store
Founded in April 2017, XiaoMai Store is an intelligent box-form self-service convenience store placed in different public locations like communities, commercial areas, and travel terminals. XiaoMai Store supports a new and creative business model utilizing self-service and self-service scan payment method. In the future, there will be one XiaoMai Store for every 300 families.
About Welbilt, Inc.
Headquartered in New Port Richey, Florida, Welbilt is a leading global supplier of commercial foodservice equipment. The Company provides the world's top chefs, premier chain operators, and growing independents with industry-leading equipment and solutions. Welbilt operates 17 manufacturing facilities throughout the Americas, Europe, and Asia.
Stock Performance Snapshot
April 05, 2018 - At Thursday's closing bell, Welbilt's stock advanced 2.23%, ending the trading session at $19.67.
Volume traded for the day: 953.28 thousand shares, which was above the 3-month average volume of 846.50 thousand shares.
Stock performance in the last month – up 1.24%; and past twelve-month period – up 3.25%
After yesterday's close, Welbilt's market cap was at $2.72 billion.
Price to Earnings (P/E) ratio was at 27.17.
The stock is part of the Industrial Goods sector, categorized under the Diversified Machinery industry. This sector was up 1.2% at the end of the session.
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