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United States

Supervalu Inc (SVU.N)

SVU.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Supervalu selected as grocery wholesaler by The Fresh Market
Monday, 15 Aug 2016 06:30am EDT 

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
Monday, 8 Aug 2016 05:51pm EDT 

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
Tuesday, 2 Aug 2016 06:04pm EDT 

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 06:30am EDT 

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
Thursday, 9 Jun 2016 05:18pm EDT 

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

SUPERVALU INC appoints new CEO
Wednesday, 3 Feb 2016 08:00am EST 

SUPERVALU INC:Appoints Mark Gross President and Chief Executive Officer.Says Gross will succeed Sam Duncan, who has previously announced he will be retiring.Says Sam Duncan will be stepping down from the company's 11-person board of directors.  Full Article

Upbeat Supervalu results boost U.S. grocery stocks

Shares in Supervalu Inc jumped 13 percent on Tuesday and were headed for their biggest one-day gain in four years after the grocery wholesaler and retailer reported quarterly sales that topped some analyst expectations.