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Supervalu Inc (SVU.N)

SVU.N on New York Stock Exchange

32.25USD
21 Sep 2018
Change (% chg)

$0.03 (+0.09%)
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Latest Key Developments (Source: Significant Developments)

United Natural Foods Says If Deal Is Terminated Supervalu To Pay Co About $40.5 Million- SEC Filing
Thursday, 26 Jul 2018 

July 26 (Reuters) - Supervalu Inc ::UNITED NATURAL FOODS - IF DEAL TERMINATED ON SOME REASONS, INCLUDING BY SUPERVALU TO ACCEPT A “SUPERIOR PROPOSAL”, SUPERVALU TO PAY CO ABOUT $40.5 MILLION- SEC FILING.  Full Article

Supervalu Inc Q1 Loss Per Share Attributable From Cont Ops $0.70
Thursday, 26 Jul 2018 

July 26 (Reuters) - Supervalu Inc ::SUPERVALU REPORTS FIRST QUARTER FISCAL 2019 RESULTS.Q1 SALES $4.76 BILLION VERSUS I/B/E/S VIEW $4.77 BILLION.QTRLY RETAIL IDENTICAL STORE SALES OF POSITIVE 0.4 PERCENT.COMPANY WILL NOT HOLD EARNINGS CALL DUE TO ANNOUNCED TRANSACTION WITH UNITED NATURAL FOODS INC.QTRLY RETAIL IDENTICAL STORE SALES OF POSITIVE 0.4 PERCENT.QTRLY LOSS PER SHARE $0.55.QTRLY DILUTED NET LOSS PER SHARE ATTRIBUTABLE TO SUPERVALU FROM CONTINUING OPERATIONS $0.70.  Full Article

United Natural Foods To Acquire Supervalu In $2.9 Bln deal
Thursday, 26 Jul 2018 

July 26 (Reuters) - Supervalu Inc ::UNFI TO ACQUIRE SUPERVALU IN TRANSFORMATIVE COMBINATION CREATING NORTH AMERICA'S PREMIER FOOD WHOLESALER.SUPERVALU INC - DEAL FOR $32.50 PER SHARE IN CASH.SUPERVALU INC - DEAL FOR APPROXIMATELY $2.9 BILLION, INCLUDING ASSUMPTION OF OUTSTANDING DEBT AND LIABILITIES.SUPERVALU - UNFI EXPECTS TO FINANCE TRANSACTION SUBSTANTIALLY WITH DEBT AND GOLDMAN SACHS PROVIDED COMMITTED FINANCING IN TRANSACTION..SUPERVALU INC - TRANSACTION EXPECTED TO GENERATE MORE THAN $175 MILLION IN SYNERGIES.SUPERVALU INC - UNFI CHIEF EXECUTIVE OFFICER AND CHAIRMAN STEVEN SPINNER WILL LEAD COMBINED ENTITY.SUPERVALU INC - SEAN GRIFFIN, UNFI CHIEF OPERATING OFFICER, WILL LEAD SUPERVALU INTEGRATION EFFORTS, POST DEAL CLOSE.SUPERVALU INC - OVER TIME, UNFI PLANS TO DIVEST SUPERVALU RETAIL ASSETS.SUPERVALU - TRANSACTION IS PROJECTED TO BE ACCRETIVE TO ADJUSTED EPS IN YEAR 1 WITH DOUBLE-DIGIT ADJUSTED EPS GROWTH AFTER YEAR 1, EXCLUDING ONE-TIME COSTS.SUPERVALU INC - TRANSACTION HAS BEEN APPROVED BY BOARDS OF DIRECTORS OF BOTH COMPANIES.  Full Article

Supervalu Says Entered Into A Reseller Agreement With Instacart
Thursday, 21 Jun 2018 

June 20 (Reuters) - Supervalu Inc ::SUPERVALU ENHANCES E-COMMERCE OFFERING WITH INSTACART AGREEMENT.SUPERVALU INC - ENTERED INTO A RESELLER AGREEMENT WITH INSTACART.  Full Article

Blackwells Capital Says It & Jason Aintabi Purchased Supervalu Shares Based On Belief That The Shares, When Purchased, Were Undervalued
Tuesday, 29 May 2018 

May 29 (Reuters) - Supervalu Inc ::BLACKWELLS CAPITAL SAYS IT & JASON AINTABI PURCHASED SUPERVALU SHARES BASED ON BELIEF THAT THE SHARES, WHEN PURCHASED, WERE UNDERVALUED - SEC FILING.  Full Article

SUPERVALU Q4 Sales $3.59 Billion
Wednesday, 25 Apr 2018 

April 24 (Reuters) - Supervalu Inc ::SUPERVALU REPORTS FOURTH QUARTER AND FULL YEAR FISCAL 2018 RESULTS.SEES FY 2019 SALES $15.5 BILLION TO $15.7 BILLION.Q4 SALES $3.59 BILLION VERSUS I/B/E/S VIEW $3.94 BILLION.ANNOUNCES PURSUING SALE OF ITS SHOP 'N SAVE AND SHOP 'N SAVE EAST RETAIL OPERATIONS.ANNOUNCES SALE LEASEBACK TRANSACTIONS FOR EIGHT DISTRIBUTION CENTERS.INTRODUCES FISCAL 2019 OUTLOOK.QTRLY RETAIL IDENTICAL STORE SALES WERE POSITIVE 0.1 PERCENT.QTRLY EARNINGS PER SHARE $0.86.QTRLY EARNINGS PER SHARE FROM CONTINUING OPERATIONS $0.64.CO DETERMINED IT WOULD REVISE ITS DEFINITION OF ADJUSTED EBITDA IN FISCAL 2019.SEES 2019 TOTAL OPERATING EARNINGS FROM $147 MILLION TO $171 MILLION.FISCAL 2019 ADJUSTED EBITDA FROM CONTINUING OPERATIONS IS EXPECTED TO BE IN RANGE OF $375 MILLION TO $400 MILLION.RETAIL ID SALES FOR FISCAL 2019 ARE EXPECTED TO BE FLAT TO SLIGHTLY POSITIVE.Q4 EARNINGS PER SHARE VIEW $0.79 -- THOMSON REUTERS I/B/E/S.FISCAL 2019 CONSOLIDATED NET SALES EXPECTED TO BE WITHIN A RANGE OF $15.5 BILLION TO $15.7 BILLION.  Full Article

Supervalu Announces Agreements To Sell And Leaseback Eight Distribution Centers
Wednesday, 25 Apr 2018 

April 24 (Reuters) - Supervalu Inc ::PRESS RELEASE - SUPERVALU ANNOUNCES AGREEMENTS TO SELL AND LEASEBACK EIGHT DISTRIBUTION CENTERS.SUPERVALU INC - DEAL FOR APPROXIMATELY $483 MILLION.SUPERVALU INC - ADJUSTING FOR TAXES AND CLOSING COSTS, NET PROCEEDS TO SUPERVALU ARE ESTIMATED TO BE APPROXIMATELY $445 MILLION.SUPERVALU INC - NET PROCEEDS FROM SALES WILL BE USED TO REDUCE OUTSTANDING DEBT.SUPERVALU INC - CO IS EXPECTED TO PAY CASH RENT OF ABOUT $31 MILLION IN FIRST YEAR OF LEASES.SUPERVALU INC - FOLLOWING SALE OF FACILITIES, CO WILL CONTINUE TO OWN OVER 13 MILLION SQUARE FEET OF REAL ESTATE.SUPERVALU - CO TO ENTER LEASE AGREEMENTS FOR EACH FACILITY FOR INITIAL TERM OF 20 YEARS WITH FIVE FIVE-YEAR RENEWAL OPTIONS.SUPERVALU INC - BUYER ALSO AGREED TO FUND AN EXPANSION AT SUPERVALU'S DISTRIBUTION CENTER IN HARRISBURG FOR AN ESTIMATED COST OF $20 MILLION.  Full Article

- Blackwells Comments On Supervalu Plan To Sell Some Farm Fresh Stores
Thursday, 15 Mar 2018 

March 15 (Reuters) - Blackwells Capital::BLACKWELLS COMMENTS ON SUPERVALU PLAN TO SELL SOME FARM FRESH STORES.BLACKWELLS CAPITAL - REITERATES INTENTION TO NOMINATE DIRECTORS TO SUPERVALU'S BOARD.BLACKWELLS CAPITAL LLC - SUPERVALU'S SALE OF ABOUT 10 PERCENT OF RETAIL LOCATIONS IS "INCREMENTAL STEP IN RIGHT DIRECTION".  Full Article

Supervalu Inc Q3 Sales $3.94 Billion
Wednesday, 10 Jan 2018 

Jan 10 (Reuters) - Supervalu Inc ::- QTRLY RETAIL IDENTICAL STORE SALES WERE NEGATIVE 3.5 PERCENT.- ‍CURRENTLY EXPECTS NET EARNINGS FROM CONTINUING OPERATIONS TO BE IN RANGE OF LOSS OF $20 MILLION TO $2 MILLION EARNINGS FOR 2018​.SUPERVALU REPORTS THIRD QUARTER FISCAL 2018 RESULTS.Q3 EARNINGS PER SHARE $0.46 FROM CONTINUING OPERATIONS.Q3 EARNINGS PER SHARE VIEW $0.47 -- THOMSON REUTERS I/B/E/S.Q3 SALES $3.94 BILLION VERSUS I/B/E/S VIEW $4.02 BILLION.Q3 ADJUSTED EARNINGS PER SHARE $0.61 FROM CONTINUING OPERATIONS INCLUDING ITEMS.SUPERVALU - ‍NET EARNINGS FROM CONTINUING OPERATIONS OUTLOOK FOR 2018 INCLUDES NON-CASH CHARGE OF $35 MILLION TO $45 MILLION ANTICIPATED TO BE MADE IN Q4​.- ‍EXPECTS NEWLY ENACTED FEDERAL TAX LEGISLATION TO REDUCE FUTURE CASH TAXES, ALTHOUGH CO IS STILL EVALUATING FAVORABLE IMPACT​.SUPERVALU - ‍Q3 ADJUSTED NET EARNINGS FROM CONTINUING OPERATIONS INCLUDED DISCRETE TAX BENEFIT THAT CONTRIBUTED ABOUT $0.30 TO NET EARNINGS FROM CONTINUING OPERATIONS/DILUTED SHARE​.  Full Article

‍Blackwells Capital Llc says sent letter to board, management of Supervalu ​
Thursday, 26 Oct 2017 

Oct 26 (Reuters) - Supervalu Inc :‍Blackwells Capital Llc - sent letter to board, management of Supervalu Inc​.‍Blackwells Capital Llc says seeks to immediately engage with board of Supervalu to review proposed business improvement initiatives​.‍Blackwells Capital Llc says owns approximately 3.6 percent of Supervalu's common stock and equivalents​.‍Blackwells Capital - ‍requested near-term meeting with supervalu board, management to review its proposal, develop plan to strengthen co, performance​.  Full Article

United Natural Foods to buy grocery retailer Supervalu for $1.35 billion

U.S. grocery retailer Supervalu Inc said on Thursday it will sell itself to United Natural Foods Inc (UNFI) , a distributor of natural and organic foods, for $1.35 billion, after coming under pressure from shareholders to explore a sale.