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Supervalu Inc (SVU.N)

SVU.N on New York Stock Exchange

13.81USD
22 Feb 2018
Change (% chg)

$-0.40 (-2.81%)
Prev Close
$14.21
Open
$14.28
Day's High
$14.28
Day's Low
$13.78
Volume
216,896
Avg. Vol
375,706
52-wk High
$31.29
52-wk Low
$13.78

Latest Key Developments (Source: Significant Developments)

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

SUPERVALU announces agreement to acquire Associated Grocers of Florida
Wednesday, 18 Oct 2017 

Oct 18 (Reuters) - SUPERVALU Inc :SUPERVALU announces agreement to acquire Associated Grocers of Florida.SUPERVALU Inc - deal for ‍transaction valued at approximately $180 million.​.SUPERVALU Inc - ‍following completion of merger, Associated Grocers will be a wholly-owned subsidiary of SUPERVALU​.SUPERVALU Inc - reached a long-term supply agreement with Associated Grocers' largest customer that will go into effect upon closing of deal.SUPERVALU Inc- ‍transaction was approved by each company's board of directors​.  Full Article

Supervalu Q2 loss per share $0.65‍​
Wednesday, 18 Oct 2017 

Oct 18 (Reuters) - Supervalu Inc :Supervalu reports second quarter fiscal 2018 results.Q2 sales $3.8 billion versus I/B/E/S view $3.79 billion.Q2 earnings per share $0.46 from continuing operations.Q2 earnings per share view $0.35 -- Thomson Reuters I/B/E/S.Supervalu Inc sees net earnings from continuing operations to be in range of $31 million to $50 million for fiscal 2018​.Supervalu Inc sees ‍adjusted ebitda for fiscal 2018, including contribution from unified grocers, in range of $475 million to $495 million​.Supervalu Inc qtrly ‍retail identical store sales were negative 3.5 percent​.Supervalu inc qtrly loss per share $0.65‍​.  Full Article

Supervalu selected as grocery wholesaler by The Fresh Market
Monday, 15 Aug 2016 

Supervalu Inc : Reached a long-term supply agreement for Supervalu to serve as a grocery wholesaler and distributor to Fresh Market Inc . Says parties intend for Supervalu to become Fresh Market's primary distributor .Anticipates it will begin serving some of Fresh Market's stores in fall and will take on additional stores as transition continues.  Full Article

Supervalu says files amendment No. 2 to Form 10
Tuesday, 9 Aug 2016 

Supervalu Inc : Supervalu is continuing to pursue a spin-off of save-a-lot as it also evaluates a possible sale of save-a-lot .Supervalu files amendment no. 2 to form 10 for possible spin-off of its save-a-lot business.  Full Article

SUPERVALU says continues to prepare for possible separation of its Save-A-Lot biz
Wednesday, 3 Aug 2016 

Supervalu Inc : Supervalu continues to prepare for possible separation of its save-a-lot business ."prepared to consider other alternatives to improve stockholder value, and in this regard is also evaluating a possible sale of save-a-lot".  Full Article

Supervalu Q1 adjusted EPS $0.19
Wednesday, 27 Jul 2016 

Supervalu Inc : Q1 save-a-lot net sales were $1.43 billion, compared to $1.41 billion last year, . Supervalu reports first quarter fiscal 2017 results . Q1 adjusted earnings per share $0.19 . Q1 earnings per share $0.17 from continuing operations . Q1 sales $5.2 billion versus I/B/E/S view $5.3 billion . Q1 adjusted earnings per share $0.19 from continuing operations . Q1 earnings per share view $0.22 -- Thomson Reuters I/B/E/S . Qtrly save-a-lot network identical store sales were negative 1.4 percent .Qtrly identical store sales for corporate stores within save-a-lot network were negative 1.0 percent.  Full Article

Supervalu files Amendment No. 1 to Form 10 for possible spin-off of Save-A-Lot business
Friday, 10 Jun 2016 

Supervalu Inc : Files Amendment No. 1 to form 10 for possible spin-off of save-a-lot business . Among other changes, amendment includes save-a-lot's recent financial results and details co's current expectations following a spin-off . Says Supervalu stockholders would directly own about 60 percent of outstanding shares of common stock of save-a-lot .Says it would retain about 40 percent of outstanding shares of common stock of Save-A-Lot.  Full Article

BRIEF-Supervalu Confirms Blackwells Capital's Intention To Nominate Director Candidates

* SUPERVALU - CONFIRMED BLACKWELLS CAPITAL INTENT TO NOMINATE DIRECTOR CANDIDATES TO STAND FOR ELECTION TO BOARD AT CO'S 2018 ANNUAL MEETING ​ Source text for Eikon: Further company coverage: