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. reports developments tied to its kosher food import, marketing and international distribution business. The company operates directly and through subsidiaries, with food categories that include dairy and dairy substitutes, canned vegetables and pickles, canned fish, canned fruit, edible oils, cereals, rice, pasta and other products.
Recurring news focuses on annual and quarterly operating results, product availability, supplier terms, product mix, margins and cash dividend distributions. Company updates also describe its sales channels in Israel and abroad, including retail chains, private supermarkets, wholesalers and institutional customers, as well as activity at Willi-Food in Israel and Euro European Dairies.
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.
G. Willi-Food International Ltd. (NASDAQ: WILC) has announced its Annual General Meeting (AGM) to be held on August 19, 2021, at 4:00 p.m. Israel time. Key agenda items include the approval of the Acting CEO's terms, elections for external directors, re-elections for current directors, and the appointment of an independent accounting firm, BDO Ziv Haft. Shareholders holding at least 1% of voting rights can propose additional agenda items until July 19, 2021. Participation requires shareholders to be on record by July 19, 2021, with proxy forms due by August 17, 2021.
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.