Welcome to our dedicated page for G Willi Food Intl news (Ticker: WILC), a resource for investors and traders seeking the latest updates and insights on G Willi Food Intl stock.
G. Willi-Food International Ltd (NASDAQ: WILC), a leader in global kosher food distribution, maintains this dedicated news hub for tracking corporate developments and market activities. Investors and industry observers will find authoritative coverage of earnings reports, strategic partnerships, product expansions, and operational milestones.
This resource consolidates official press releases, regulatory disclosures, and market analyses related to WILC's international food distribution network. Key focus areas include supply chain updates, kosher certification developments, retail partnership announcements, and financial performance reports. Users can monitor the company's progress in maintaining its position across 3,000+ selling points worldwide.
The curated news collection serves as a vital tracking tool for understanding WILC's market strategy, including its management of 650+ food products through the Yavne logistics center. Content is organized chronologically showcase operational decisions impacting the Israeli food market and international distribution channels.
For ongoing monitoring of this NASDAQ-listed company's performance, bookmark this page or set up alerts for new updates. Regular visitors gain strategic insights into WILC's responses to global supply chain dynamics and kosher food market trends.
G. Willi-Food International Ltd. (NASDAQ: WILC) reported its fiscal year 2022 financial results, revealing a 9.7% increase in sales to NIS 498.3 million (USD 141.6 million) compared to NIS 454.2 million (USD 129.0 million) in 2021. However, operating profit decreased by 8.6% to NIS 45.1 million (USD 12.8 million) due to rising selling expenses. Gross profit rose 3.4% to NIS 143.1 million (USD 40.7 million), representing 28.7% of revenues. The company held NIS 267.4 million (USD 76.0 million) in cash, with no debt. CEO Joseph Williger highlighted plans for a new logistics center to enhance operations and expand product categories in 2023.
G. Willi-Food International Ltd. (NASDAQ: WILC) has received a building permit for a new refrigerated and frozen distribution center, with an investment of
On January 17, 2023, G. Willi-Food International Ltd. (NASDAQ: WILC) announced the appointment of Joseph Williger as CEO, succeeding Erez Viner. Williger, a controlling shareholder and former Co-Chairman, will lead the company while Viner continues in business development and logistics. The CEO appointment awaits shareholder approval, with a meeting planned shortly. Willi-Food specializes in kosher foods, marketing over 600 products globally to around 1,500 customers. The company has emphasized its commitment to quality and the strategic expansion of its logistics capabilities through Viner's continued involvement.
G. Willi-Food International Ltd. (NASDAQ: WILC) has received a non-compliance letter from Nasdaq, informing the company that it failed to hold its annual shareholder meeting within the required timeframe. The letter, dated January 4, 2023, states that the company has until February 20, 2023, to submit a plan to regain compliance. If accepted, Nasdaq may grant an extension until June 29, 2023. Willi-Food specializes in kosher food products and distributes over 600 items globally.
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