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) is an Israeli-based company that specializes in high-quality, great-tasting kosher food products. Through its design, import, marketing and distribution activities, the company reports that it offers more than 650 food products to over 1,500 customers and thousands of selling points in Israel and other markets, including large retail and private supermarket chains, wholesalers and institutional consumers.
This news page aggregates WILC-related announcements and disclosures, with a focus on the company’s financial performance, dividends, logistics investments and regulatory updates. Recent press releases furnished on Form 6-K include quarterly and annual financial results prepared under IFRS, highlighting trends in sales, gross profit, operating profit and net profit, as well as commentary from management on inventory levels, product availability and commercial terms with suppliers and customers.
Readers can also follow dividend distribution announcements, where the company’s board declares cash dividends and discloses aggregate amounts in New Israeli Shekels and approximate U.S. dollar equivalents, along with record and payment dates. In addition, Willi-Food’s news flow covers developments such as the construction of a new refrigerated or advanced logistics center, which the company describes as important for enhancing logistical capabilities and supporting expansion into new food categories, particularly chilled and frozen products.
Regulatory and governance items appear as well, including notices related to the Israel Competition Authority, annual general meetings of shareholders, compensation policy approvals, option grants to controlling shareholders, director elections and the appointment of the independent accounting firm. Investors and observers can use this page to review the sequence of official company communications that shape the market’s view of WILC stock.
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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