Brief: Colabor Group reports qtrly loss per share $0.03

Colabor

08/05/2017 12:00

May 8 (Reuters) - Colabor Group Inc  GCL.TO : 
    * Colabor Group reports results for the first quarter of 
2017 
    * Colabor Group Inc qtrly loss per share $0.03 
    * Colabor Group - consolidated sales were $267.2 million for 
84-day period ended march 25, down 6.2% from $284.8 million for 
84-day period ended march 19, 2016 
    * Colabor Group Inc - in Q1 of 2017, a major contract to 
supply fresh fish and seafood to Sobeys Québec Inc's food stores 
has been renewed 
    * Colabor Group Inc -  in second half of 2017 we anticipate 
to see steady improvement in gross margins and organic growth in 
comparable sales 
    * Colabor Group Inc - three-year agreement with Sobeys 
Québec Inc. Extends until February 2020 
    * Colabor Group Inc - expects agreement with Sobeys Québec 
Inc to generate approximately $90 million in annual sales for 
its norref division 
 
Source text for Eikon:  ID:nMKWPyvzza  
Further company coverage:  GCL.TO  
 
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