Q.beyond Turns To Profit In Q3; Raises FY21 EBITDA Forecast – Quick Facts

Southeastern Grocers Recalls Fisherman’s Wharf Brand Jumbo Cooked Shrimp

Southeastern Grocers Inc., the parent company of Fresco y Más, Harveys Supermarkets and Winn-Dixie stores, is recalling its Fisherman’s Wharf brand Jumbo Cooked Shrimp due to listeria concerns, the U.S. Food and Drug Administration said.

The recall involves Fisherman’s Wharf brand Jumbo Cooked Shrimp, Frozen – 16-20 count 16 oz. bag, UPC: 2114003262 with best by date of 04/05/2023. The product was sold in all Fresco y Más, Harveys Supermarket and Winn-Dixie stores.

The conventional supermarket company initiated the recall after detecting possible listeria on the product. The potential for contamination was noted after routine testing revealed the presence of Listeria.

Listeria can cause serious and sometimes fatal infections in young children, frail or elderly people, and others with weakened immune systems. Healthy individuals may suffer only short-term symptoms such as high fever, severe headache, stiffness, nausea, abdominal pain and diarrhea. Meanwhile, Listeria infection can cause miscarriages and stillbirths among pregnant women.

The company has suspended the sale of the product, and the investigation is going on with the FDA to find the source of the problem. Customers are urged to throw away the product or return to any store for a full refund.

In similar recalls, Dole Fresh Vegetables, Inc. recently called back a limited number of cases of garden Classic Salads due to Listeria monocytogenes.

Henkel Q3 Sales Up 3.5% Organically; FY21 Earnings Expectations At Lower End Of Guidance Range

Henkel (HENOY.PK,HENKY.PK) said the effects of the global corona crisis, the extremely tense situation on raw material markets and disruptions in global supply chains continued to have a strong impact on its market environment in the third quarter. However, all business units exceeded the respective pre-crisis level, the Group stated. Due to the additional negative impacts occurring from further increased raw material and transport costs, the Group updated its fiscal 2021 guidance for adjusted EBIT margin and adjusted earnings per share, and projects these to come in at the lower end of previous guidance ranges.

Third quarter Group sales increased by 1.9 percent to 5.09 billion euros. Organically, sales were up 3.5 percent. At Group level, the increase was driven by prices, Henkel said.

In the first nine months of 2021, sales increased nominally by 3.7 percent to 15.02 billion euros. Organic sales growth was 8.6 percent, for the period.

For fiscal 2021, the Management Board expects the Henkel Group to generate organic sales growth of between 6.0 and 8.0 percent, unchanged from prior guidance. It now expects the Group to generate an adjusted return on sales or adjusted EBIT margin of around 13.5 percent, updated from previous guidance of 13.5 to 14.5 percent. For adjusted earnings per preferred share at constant exchange rates, the Board now expects an increase in the high single-digit percentage range, revised from the previous guidance of high single-digit to mid-teens percentage range.

SpiceJet allows passengers to pay for tickets in instalments

Passengers do not have to provide any credit card or debit card details to avail the EMI scheme

SpiceJet on Monday launched a new scheme under which passengers will be able to pay for tickets in three, six or 12 instalments.

"As part of the launch offer, customers will be able to enjoy three months EMI option at no additional cost (no interest)," the airline said in a press release.

To avail the EMI scheme, passengers need to provide basic details like PAN number, Aadhar number or VID and verify it with a one-time password, it mentioned.

Customers will have to make payment of the first EMI by providing their UPI ID and subsequent EMIs would be deducted fromthe same UPI ID, it noted.

Passengers do not have to provide any credit card or debit card details to avail the EMI scheme, it said.

Isuzu Motors Turns To Profit In HY

Isuzu Motors Ltd (ISUZY.PK) reported that its net income attributable to owners of the parent for the six months ended on September 30, 2021 was 71.14 billion yen, compared to a loss of 1.74 billion yen in the same period last year.

The total number of vehicles sold at home and abroad rose by 54.2% year-over-year to 263,833 units.

The vehicle sales comprised of 29,283 units sold in Japan, up 372 units (1.3%) year-on-year, and 234,550 units sold in the rest of the world, up 92,317 units (64.9%) year-on-year, as demands for commercial vehicles were significantly recovering, especially in overseas markets, from the decline caused by the COVID-19 pandemic, though disrupted supply chains affected manufacturing activities.

Net sales for the period rose 44.4% year-over-year to 1.15 trillion yen.

Looking ahead for fiscal year 2022, the company still expects net income attributable to owners of the parent to be 110.00 billion yen or 149.14 yen per share and net sales 2.50 trillion yen.

Q.beyond Turns To Profit In Q3; Raises FY21 EBITDA Forecast – Quick Facts

German Cloud and ICT provider QSC AG (QSCGF) reported Monday that its third-quarter consolidated net income was 20.7 million euros, compared to loss of 5.0 million euros in the previous year.

EBIT amounted to 25.3 million euros, as against a loss of 4.9 million euros a year ago. EBITDA was 29.4 million euros, compared to negative 0.6 million euros in the previous year.

Revenues grew 14 percent to 40.0 million euros from prior year’s 35.1 million euros. Cloud & IoT revenues increased from last year, while SAP revenue was flat.

Looking ahead, q.beyond further raised its fiscal 2021 EBITDA forecast, which is now expected to exceed 31 million euros, up from the previous forecast of at least 27 million euros.