Seven & i Denies Snubbing Couche-Tard's $46 Billion Takeover Bid
The operator of Circle K convenience stores 'decided on its own it was easier to walk away,' the special committee of Seven & i's board said in a statement on Tuesday. The 7-Eleven owner was responding to Couche-Tard's 1,500-word missive issued last week explaining that it was ending its pursuit because of a 'calculated campaign of obfuscation and delay.'
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
28 minutes ago
- Yahoo
Gildan Activewear Inc (GIL) Q2 2025 Earnings Call Highlights: Record Sales and Strategic Growth ...
Release Date: July 31, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Gildan Activewear Inc (NYSE:GIL) reported record second quarter sales of $919 million, up 6.5% year-over-year, driven by strong activewear sales growth of 12%. The company achieved a record adjusted diluted EPS of $0.97, marking a 31% increase year-over-year, reflecting a focus on profitable growth. Gildan Activewear Inc (NYSE:GIL) continues to gain market share in key growth categories, supported by strong demand for existing brands and new brand offerings. The company's Bangladesh facility is fully ramped up, contributing to operational efficiency and cost advantages. Gildan Activewear Inc (NYSE:GIL) has been recognized for its commitment to sustainable practices, being named one of Canada's best 50 corporate citizens and featured among Time's world's most sustainable companies. Negative Points International sales were down by 14% year-over-year due to moderated demand in Europe and persistent softness in Asia. Hosiery and underwear sales decreased by 23% compared to the prior year, impacted by broad-based market demand softness and program resets. Operating cash flow decreased to $46 million in the first half of 2025 from $113 million in the first half of 2024, primarily due to higher working capital investments. The company faces challenges from tariffs, although it has implemented pricing actions to mitigate the impact. There is ongoing uncertainty in the macroeconomic environment, which could affect future performance and market conditions. Q & A Highlights Warning! GuruFocus has detected 5 Warning Sign with ELMTY. Q: Can you quantify the shifts in sales from Q3 to Q4 and discuss the impact on the underwear and hosiery business, including the Nike sock pause and the exit from Under Armour? A: (CFO) The second quarter was strong, with activewear sales up 12% year over year. Some sales shifted from Q3 to Q4 due to pricing actions. We expect mid-single-digit growth when combining Q2 and Q3. The underwear and hosiery segment faced headwinds like delayed store sets and market softness, but we anticipate improvement throughout the year. The shifts are not structural and should resolve over time. Q: What changes in the industry landscape are driving momentum in the activewear business, and what opportunities do you see going forward? A: (COO) The industry is experiencing changes due to tariffs and economic conditions, leading customers to seek stable suppliers. Our vertically integrated manufacturing provides stability. We are gaining market share in key categories like ringspun and Comfort Colors. Our US cotton and yarn content offer a competitive advantage against tariffs, and we are adding capacity in Central America to capitalize on future opportunities. Q: How much can you increase throughput in Honduras, and what is the timing and magnitude of this opportunity? A: (CEO) We are adding capacity within existing facilities, expecting a 10% increase overall. This expansion will be completed this year, allowing us to handle future demand and take advantage of tariff-related opportunities. Q: Is the Bangladesh facility running at optimal efficiency, and how do you view its cost savings in various tariff scenarios? A: (CEO) The Bangladesh facility is fully ramped up, contributing to operating margin expansion. We are using US cotton to offset tariff impacts and have flexibility in our supply chain to mitigate tariffs. We are well-positioned to leverage our low-cost manufacturing and innovation pipeline. Q: Can you expand on the pricing actions taken in response to tariff pressures and how competitors have responded? A: (CEO) Pricing varies by customer and product category, with sequential rollouts. The impact is not substantial due to our cost structure. Competitors face similar issues, and we have a competitive advantage with our vertically integrated manufacturing. Price increases are minimal compared to the overall value chain, and we are well-positioned to navigate these challenges. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Yahoo
28 minutes ago
- Yahoo
Flow Traders Ltd (FLTLF) (Q2 2025) Earnings Call Highlights: Record Trading Income and ...
Release Date: July 31, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Flow Traders Ltd (FLTLF) achieved a net trading income of 143.4 million in the second quarter, marking the fourth consecutive quarter of triple-digit NTI. The company's total value traded increased by 14% year over year, reaching close to 1.7 trillion, the third highest quarter in company history. Flow Traders Ltd (FLTLF) recorded an EBITDA of 68 million in the quarter, more than triple the results from a year ago, with a 47% margin. The company's trading capital reached record levels, increasing by 33% year over year to 831 million. Flow Traders Ltd (FLTLF) maintained its position as a leading liquidity provider in ETPs in Europe amidst increased market activity and volatility. Negative Points Market activity declined gradually from the second half of April into May and June, with volatility in July running below historical averages. There was a meaningful decrease in contributions from digital assets compared to the same quarter a year ago. Fixed operating expenses increased by 15% year over year to 49.8 million, driven by select hiring and technology investments. The company's market ETP value traded declined in Europe and Asia in the second quarter compared to the first quarter. Flow Traders Ltd (FLTLF) faced a decrease in trading volumes in cryptocurrencies compared to the first quarter. Q & A Highlights Warning! GuruFocus has detected 2 Warning Signs with FLTLF. Q: Can you provide insights into the strong performance in the US, especially given the weak crypto trading activity in Q2? A: The strong performance in the US was driven by increased volatility and market activity, which presented significant opportunities. Historically, during volatile times, the size and depth of the US market improve profitability. While crypto trading was muted, capital was reallocated towards equities and fixed income, enhancing returns. (Unidentified_4) Q: Could you elaborate on the All Unity stablecoin project and its expected economic impact? A: All Unity is a tokenization platform launching a MiCA-compliant EUR stablecoin, EuroAU, backed by Flow Traders, DWS, and Galaxy Digital. The stablecoin is regulated and aims to connect traditional financial markets with digital assets, enhancing market efficiency. The economics are similar to other stablecoins, but with regulatory backing. (Unidentified_5) Q: How does Flow Traders plan to capitalize on regional differences in Europe, America, and Asia Pacific? A: In Europe, Flow Traders maintains a leading position in ETP trading. In the Americas, the large market size and volatility present growth opportunities, though it's competitive. Asia Pacific offers significant growth potential, especially with the expanding Chinese ETF market. The firm aims to provide liquidity and enhance market presence globally. (Unidentified_4) Q: What drove the operational cost increase of 40% and the 8 million impairment of intangibles? A: The operational cost increase was mainly due to higher variable compensation and additional hires. The 8 million impairment of intangibles relates to a reversal of previous impairments in the trading books, with corresponding positives recorded in NTI due to hedging. (Unidentified_5) Q: What qualities will the new CEO, Thomas Spitz, bring to Flow Traders, and will there be strategic changes? A: Thomas Spitz brings a diverse background in trading, sales, and research, with a focus on innovation. He will continue executing the firm's growth and diversification strategy, enhancing it with his experience to identify new opportunities. No immediate strategic changes are planned, but his leadership is expected to accelerate growth. (Unidentified_3) For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Yahoo
28 minutes ago
- Yahoo
Automated Logic Completes Acquisition of Control Solutions, Ltd. Establishing First Field Office in British Columbia
KENNESAW, Ga., Aug. 1, 2025 /CNW/ -- Automated Logic – Canada, Ltd. (ALC), a leading provider of innovative building-management solutions and a part of Carrier Global Corporation (NYSE: CARR), global leader in intelligent climate and energy solutions, today announced that it has acquired Control Solutions, Ltd. (CSL), an independent provider of integrated building-automation systems headquartered in Coquitlam, British Columbia. The transaction establishes ALC's first company-owned controls field office in Vancouver, significantly expanding its intelligent building-automation footprint in Western Canada. "This acquisition represents a strategic step in strengthening Automated Logic's presence in Canada and expanding our ability to deliver integrated, intelligent building solutions in high-growth sectors across British Columbia," said Andy Bierer, Managing Director, ALC Field. Control Solutions, Ltd. designs, installs and services building automation systems for complex facilities across commercial real estate, education, data centers, residential and large mixed-use developments. The company's 100-plus employees deliver advanced building automation and control solutions, retrofit upgrades and multi-year service contracts that help customers optimize energy performance and operational resilience. "Joining Automated Logic is an exciting new chapter for our team," said Chad Thomas, President, Control Solutions, Ltd. and Eddie McCool, CEO, Control Solutions, Ltd. "ALC's leadership in intelligent building technologies and our shared commitment to innovation and quality will allow us to deliver even greater value to our customers throughout British Columbia and beyond." CSL's existing leadership and employees will remain in place, continuing to serve customers from their Coquitlam office and project sites across the province. Terms of the transaction were not disclosed. For more information, visit or follow Automated Logic on LinkedIn. About Automated Logic Corporation Automated Logic Corporation provides innovative building-management solutions that maximize energy efficiency and sustainable building operation while ensuring comfort. Its intuitive products control and monitor building functions such as heating, air conditioning and lighting for commercial office, education, health care, government and data center markets through a global network of independent dealers and field offices. Automated Logic is a part of Carrier Global Corporation, global leader in intelligent climate and energy solutions. For more information, visit or follow Automated Logic on LinkedIn. Contact: Andrew Brooks View original content to download multimedia: SOURCE Automated Logic Corporation View original content to download multimedia:
