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BRIEF-Metcash Is Planning For A Potential New Purpose-Built Distribution Centre In South Australia

Published 28/05/2018, 10:41 am
© Reuters.  BRIEF-Metcash Is Planning For A Potential New Purpose-Built Distribution Centre In South Australia
MTS
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May 28 (Reuters) - Metcash Ltd MTS.AX :

* IS PLANNING FOR A POTENTIAL NEW PURPOSE-BUILT DISTRIBUTION CENTRE IN SOUTH AUSTRALIA

* DRAKES SUPERMARKETS ADVISED IT WILL NOT BE MAKING COMMITMENT TO HAVE ITS SUPERMARKETS IN SOUTH AUSTRALIA SUPPLIED FROM CO'S PROPOSED NEW DC

* NOT EXPECTED THAT ADVICE FROM DRAKES WILL HAVE A MATERIAL IMPACT ON EARNINGS OF SUPERMARKETS & CONVENIENCE PILLAR IN FY19

* FY18 EARNINGS FOR SUPERMARKETS & CONVENIENCE IS EXPECTED TO BE IN LINE WITH PRIOR FINANCIAL YEAR

* SEES SUPERMARKETS & CONVENIENCE PILLAR REPORT 1.2 PERCENT DECLINE IN TOTAL SALES AND A 3.6 PERCENT DECLINE IN WHOLESALE SALES EXCLUDING TOBACCO FOR FY

* HAS DEAL WITH DRAKES SUPERMARKETS IN SOUTH AUSTRALIA TO SUPPLY ITS STORES THROUGH TO JUNE 2019

* HAS NOT BEEN ADVISED OF ANY INTENTION TO CHANGE CURRENT SUPPLY ARRANGEMENT WITH DRAKES SUPERMARKETS IN QUEENSLAND

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