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.
On May 12, 2021, G. Willi-Food International Ltd. (NASDAQ: WILC) announced the appointment of Erez Winner as the Acting CEO. This leadership change aims to bring fresh perspectives to the company, which specializes in kosher food development and distribution. Winner holds degrees in Political Science and has a robust background in various leadership roles, including in the military and as CEO of Carmel Winery. The company operates over 600 food products worldwide and caters to over 1,600 customers, including major retail chains.
G. Willi-Food International Ltd. (NASDAQ: WILC) reported its Q1 2021 financial results, showing a 9.6% decrease in sales to NIS 116.7 million (US$ 35.0 million), attributed to heightened demand in Q1 2020 due to COVID-19. Gross profit fell by 12.7% to NIS 36.2 million (US$ 10.9 million), while operating profit decreased by 20.9% to NIS 15.0 million (US$ 4.5 million). Despite these declines, net profit surged by 1,634.2% to NIS 20.5 million (US$ 6.1 million), driven by strong financial income. The company ended the quarter with NIS 371.3 million (US$ 111.4 million) in cash and securities.
G. Willi-Food International Ltd. (NASDAQ: WILC) reported its financial results for FY 2020, showing remarkable growth despite the COVID-19 pandemic. Sales rose by 14.8% to NIS 454.1 million (US$ 141.2 million), with gross profit increasing 17.4% to NIS 145.4 million (US$ 45.2 million). Operating profit reached NIS 57.6 million (US$ 17.9 million), a 21.7% increase. The company ended the year with NIS 356.5 million (US$ 110.9 million) in cash and no short-term debt. The strong performance was attributed to strategic product development and market visibility improvements.
G. Willi-Food International Ltd. (NASDAQ: WILC) announced the rescheduling of its fourth quarter and full year 2020 financial results release to March 25, 2021, previously set for March 15, 2021. This change was due to a typographical error. Willi-Food, based in Israel, is engaged in the international distribution of kosher food products, offering over 600 items worldwide. The company emphasizes its commitment to delivering quality food products through its extensive network of clients, including large retail chains.
G. Willi-Food International Ltd. (NASDAQ: WILC), a provider of kosher foods, will announce its Q4 and full year 2020 financial results on March 15, 2021. The company has a wide range of over 600 food products marketed to over 1,250 customers globally. Key areas include the distribution and marketing of kosher dairy products through subsidiaries. The press release includes forward-looking statements related to potential risks such as currency fluctuations, competition, and changes in economic conditions, which could impact future performance.
G. Willi-Food International Ltd. (NASDAQ: WILC) announced the resignation of CEO Ms. Einat Peled Shapira, effective April 1, 2021. The Board of Directors expressed gratitude for her service. The company is actively seeking a successor. Willi-Food specializes in kosher food development, marketing, and distribution, with over 600 products and more than 1,250 customers globally. The resignation raises potential concerns regarding leadership continuity, but the company remains focused on maintaining its operational standards.
G. Willi-Food International Ltd. (WILC) reported strong financial results for Q3 2020, with sales increasing by 17.4% to NIS 111.9 million (US$ 32.5 million). Gross profit rose 14.1% to NIS 34.0 million (US$ 9.9 million), reflecting effective sales strategies. Net profit surged 112.2% year-over-year to NIS 21.9 million (US$ 6.4 million), marking a historic high. Total cash and securities reached NIS 364.6 million (US$ 106.0 million). Management attributes this growth to enhanced product visibility and improved inventory management amidst COVID-19 challenges.
G. Willi-Food International Ltd. (NASDAQ: WILC) has announced a private placement to raise approximately NIS 42.9 million (around $12.79 million) from Israeli institutional and accredited investors. The placement involves issuing 650,000 ordinary shares at a price of NIS 66 (approximately $19.67) each, along with warrants with an exercise price of NIS 73 (approximately $21.76). The closing of this transaction is subject to regulatory approvals expected in September 2020. This placement aims to strengthen the company's financial position and support its kosher food distribution operations.
G. Willi-Food International Ltd. (NASDAQ: WILC) reported its second-quarter financial results for 2020, showcasing solid growth despite the pandemic's impact. Sales rose by 4% to NIS 104.2 million (US$ 30.1 million), while gross profit surged by 32.4% to NIS 39.5 million (US$ 11.4 million). Operating profit increased by 71.3% to NIS 16.9 million (US$ 4.9 million), translating to 16.2% of sales. Net profit climbed by 34.1% to NIS 15.2 million (US$ 4.4 million). The company maintained a robust cash position with NIS 282.2 million (US$ 81.4 million) in cash and securities as of June 30, 2020.
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