Brief: Colabor says Q4 same store sales down 4.3 percent

Colabor

24/02/2017 12:00

Feb 24 (Reuters) - Colabor Group Inc  GCL.TO  
    * Colabor group reports its 2016 fourth quarter and year-end 
results 
    * Q4 same store sales fell 4.3 percent 
    * Qtrly consolidated sales $432.5 million versus $431.9 
million 
    * Expect improved gross margins and organic growth in 
comparable sales in second half of 2017 
    * Qtrly earnings per share $0.00 
    * To optimize asset utilization and continue to cut costs, 
plan to close vaughan, ontario warehouse on april 30, 2017 
    * Expect improved gross margins, organic growth in 
comparable sales in second half of 2017, 
 
Source text for Eikon:  ID:nCCN17F8Yb  
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