United States

Supervalu Inc (SVU.N)

SVU.N on New York Stock Exchange

27 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Supervalu completes sale of Save-A-Lot
Monday, 5 Dec 2016 04:30pm EST 

Supervalu Inc : Supervalu completes sale of Save-A-Lot . Confirmed today that it used $750 million of net proceeds from sale to prepay that portion of its outstanding term loan balance .Intends to use remaining sale proceeds to further reduce debt and improve capital structure, contribute to its pension plan.  Full Article

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

SUPERVALU INC CEO Sam Duncan announces plan to retire February 2016
Thursday, 1 Oct 2015 04:10pm EDT 

SUPERVALU INC:Says his intention to retire as President and CEO on February 29, 2016, following the end of the Company's fiscal year.  Full Article

SUPERVALU INC issues allergy alert on undeclared milk in cub foods and rainbow foods Danish Rolls 4ct. - FDA
Wednesday, 15 Jul 2015 08:00pm EDT 

SUPERVALU INC:Says is recalling 4ct. 13oz packages of Cub Foods and Rainbow Foods Danish Rolls because it may contain undeclared milk allergen - U.S. Food and Drug Administration.Says People who have an allergy or severe sensitivity to milk run the risk of serious or life-threatening allergic reaction if they consume these products.Says the Danish rolls are packaged as a 4ct (13oz) in a clear plastic clam shell.Says the product is produced in-store at Cub and Rainbow locations in three varieties; Danish, Caramel Danish, and Caramel Nut Danish.The affected product would have been for sale on or before July 13 and have a three-day expiration date.The recall was initiated after it was discovered that Danish Rolls containing milk were produced and packaged with a label that did not indicate the presence of milk.Subsequent investigation indicates the problem was caused by a switch in frozen Danish roll dough base that did not get updated onto the final product label.  Full Article

MoneyGram renews longstanding agreement with SUPERVALU Inc
Thursday, 28 May 2015 08:01am EDT 

Western Union Co:Says it has extended its multi-year agreement with Supervalu Inc.Says the collaboration enables consumers in six states across the nation to easily access MoneyGram services at convenient grocery store locations.  Full Article

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