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) has declared a cash dividend of approximately NIS 1.08 per share, totaling NIS 15 million (around US$4.386 million). The dividend is payable to shareholders on record as of December 6, 2022, with the payment date set for December 14, 2022. Final amounts may vary due to currency conversion from NIS to US dollars. Willi-Food specializes in kosher food products and operates a vast distribution network worldwide.
G. Willi-Food International Ltd. (WILC) reported strong third quarter results for 2022, with sales increasing by 16.6% to NIS 123.9 million (US$ 34.9 million), up from NIS 106.3 million (US$ 29.9 million) in Q3 2021. Gross profit rose 15.6% to NIS 34.1 million (US$ 9.6 million). Net profit saw a remarkable 46.1% increase, reaching NIS 7.6 million (US$ 2.1 million). However, operating income decreased by 9.3% for the first nine months of fiscal 2022. The company holds a cash and securities balance of NIS 292.5 million (US$ 82.6 million).
G. Willi-Food International Ltd. (NASDAQ: WILC) has declared a cash dividend of approximately NIS 1.44 per share, totaling around NIS 20 million (about US$6 million). This dividend will be payable on September 21, 2022 to shareholders of record as of September 13, 2022. The final amount in US dollars may vary based on the conversion rate at the time of payment. G. Willi-Food specializes in the marketing and distribution of kosher food products globally.
G. Willi-Food International Ltd. (WILC) reported its financial results for Q2 2022, showing a 7.7% increase in sales to NIS 123.2 million (US$ 35.2 million). Gross profit rose by 5.0% to NIS 38.8 million (US$ 11.1 million), while operating income increased 5.5% to NIS 14.5 million (US$ 4.1 million). However, net profit dropped by 56.6% to NIS 7.2 million (US$ 2.1 million). The company ended the quarter with NIS 305.5 million (US$ 87.3 million) in cash and securities.
G. Willi-Food International Ltd. (NASDAQ: WILC) reported its first quarter financial results for 2022, with sales rising by 1.2% to NIS 118.1 million (US$ 37.2 million). However, gross profit fell by 5.5% to NIS 34.2 million (US$ 10.8 million) due to rising costs. Operating income decreased by 37.1% year-over-year to NIS 9.5 million (US$ 3.0 million), while net profit dropped 33.4% to NIS 13.6 million (US$ 4.3 million). The company ended the quarter with NIS 346.2 million (US$ 109 million) in cash and securities.
G. Willi-Food International Ltd. (WILC) reported fiscal year 2021 results, revealing total sales of NIS 454.2 million (US$ 146.0 million), unchanged from 2020. However, gross profit declined by 4.9% to NIS 138.3 million (US$ 44.5 million), impacted by rising shipping and product costs. Operating profit fell 14.3% to NIS 49.4 million (US$ 15.9 million). Despite these challenges, the company maintained a strong cash position of NIS 349.8 million (US$ 112.5 million) and has no short-term debt. Management highlighted ongoing supply chain challenges amid geopolitical tensions, affecting commodity prices.
G. Willi-Food International Ltd. (NASDAQ: WILC) reported third-quarter financial results for 2021, revealing a 5.1% decrease in sales year-over-year to NIS 106.3 million (US$ 32.9 million). Gross profit fell by 13.4% to NIS 29.5 million (US$ 9.1 million), while operating profit plummeted by 41.7% to NIS 8.2 million (US$ 2.5 million). Net profit declined 76.2% to NIS 5.2 million (US$ 1.6 million), and earnings per share stood at NIS 0.38 (US$ 0.12). Despite challenges, the company maintains a cash balance of NIS 219.0 million (US$ 67.8 million) and aims to enhance product visibility and expand into new, profitable categories.
G. Willi-Food International Ltd. (NASDAQ: WILC) announced a cash dividend of approximately NIS 4.33 per share, totaling NIS 60 million (about US$1.34 per share). The dividend is payable to shareholders on record as of September 10, 2021 and will be distributed on September 30, 2021. The amount may vary upon conversion from NIS to US dollars based on bank rates on September 9, 2021. Willi-Food specializes in kosher food products and sells to over 1,600 clients globally.
G. Willi-Food International Ltd. (NASDAQ: WILC) announced a new dividend distribution policy on August 16, 2021, stating that it will distribute at least 40% of its annual net profit to shareholders. The Board of Directors will determine the timing and amount of dividends based on the Company’s financial condition, cash resources, and growth plans. However, the Company does not guarantee dividend payments and may alter this policy at any time. Willi-Food is a leading kosher food provider with over 600 products available worldwide.
G. Willi-Food International Ltd. (WILC) reported a 9.8% increase in Q2 2021 sales to NIS 114.3 million (US$ 35.1 million) but a 6.5% drop in gross profit to NIS 36.9 million (US$ 11.3 million). Operating profit fell 18.8% to NIS 13.7 million (US$ 4.2 million), while total financial income surged 129.0% to NIS 7.6 million (US$ 2.3 million). Despite the challenges posed by the Covid-19 pandemic, net profit rose by 9.0% to NIS 16.6 million (US$ 5.1 million), or 14.5% of sales. The company holds a cash balance of NIS 403.0 million (US$ 123.6 million) as of June 30, 2021.
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