Month: May 2022

All figures in $USD unless otherwise noted.TORONTO, May 18, 2022 (GLOBE NEWSWIRE) — Firm Capital Apartment Real Estate Investment Trust (“the “Trust”), (TSXV: FCA.U), (TSXV: FCA.UN) is pleased to report its financial results for the three months ended March 31, 2022:NAV AT $10.04 PER TRUST UNIT ($CAD $12.54): Since Q3/2017, the Trust has increased NAV from $7.85 (CAD $9.80) per Trust Unit to $10.04 (CAD $12.54) per Trust Unit for a +10.1% Compounded Annual Growth Rate (“CAGR”); AVERAGE RENT INCREASES ACROSS INVESTMENT PORTOFLIO: For the three months ended March 31, 2022, average rents increased by 5% to $1,255 per unit from the $1,192 per unit reported for the three months ended December 31, 2021; SECOND DISTRIBUTION INCREASE: On February 8, 2022, the Trust announced a 4.2% increase in quarterly distributions from $0.059 per...

COLUMBUS, Ohio, May 18, 2022 (GLOBE NEWSWIRE) — Bath & Body Works, Inc. (NYSE: BBWI) today reported first quarter 2022 results. Sarah Nash, Executive Chair and Interim Chief Executive Officer of Bath & Body Works, commented, “Our business is very strong, our execution is excellent, and our strategy of delivering affordable luxuries to our customers is more relevant than ever. We have built on the past two years of extraordinary growth with strong momentum as we entered fiscal 2022. We are pleased to have delivered better-than-expected sales and earnings results in the quarter.” Nash continued, “With our vertically integrated and approximately 85% domestic supply chain, we are taking advantage of the agility in our inventory decision making to leverage early customer reads and chase our best performers in season. We combine...

ROSEVILLE, Minn., May 18, 2022 (GLOBE NEWSWIRE) — Hawkins, Inc. (Nasdaq: HWKN), a leading specialty chemical and ingredients company, today announced fourth quarter and full-year results for its fiscal year ended April 3, 2022. Fourth Quarter Fiscal Year 2022 Highlights:Record quarterly sales in the fourth quarter of $223.0 million, a 37% year-over-year increase.   Gross profit of $36.3 million for the quarter, a 14% increase over the same period of the prior year, while absorbing $8.2 million in incremental LIFO expense in the quarter. Record fourth quarter diluted earnings per share (EPS) of $0.50, which was 16% higher than the same period of the prior year. Adjusted earnings before interest, taxes, depreciation, and amortization (adjusted EBITDA), a non-GAAP measure, of $22.3 million, an 11% increase over the same period of...

Key HighlightsRevenue increased 18.6% over the prior year quarter to $129.1 million, representing a combined two-year growth of 28% Revenue generated from clients won since FY16 grew 60%, and now represents 70% of total revenues Net income increased to $6.6 million, compared to $(0.2) million in the prior year quarter Net income margin increased to 5.1%, compared to (0.2)% in the prior year quarter Fully diluted earnings per share increased to $0.35, compared to $(0.01) in the prior year quarter Non-GAAP adjusted EBITDA increased to $18.8 million, compared to $16.7 million in the prior year quarter Non-GAAP adjusted EBITDA margin was down slightly to 14.6% compared to 15.3% in the prior year quarter, primarily due to additional growth-related expenses incurred in the current quarter Reaffirming guidance for fiscal year 2022WASHINGTON,...