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Supervalu Inc (SVU.N)

SVU.N on New York Stock Exchange

19.59USD
8 Dec 2017
Change (% chg)

$0.68 (+3.60%)
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Latest Key Developments (Source: Significant Developments)

‍Blackwells Capital Llc says sent letter to board, management of Supervalu ​
Thursday, 26 Oct 2017 06:00am EDT 

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 06:35am EDT 

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 06:30am EDT 

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 Q1 EPS $0.04 from continuing operations
Tuesday, 25 Jul 2017 06:30am EDT 

July 25 (Reuters) - Supervalu Inc :Supervalu reports first quarter fiscal 2018 results.Q1 earnings per share $0.04 from continuing operations.Q1 sales $4.0 billion versus I/B/E/S view $3.99 billion.Q1 adjusted earnings per share $0.09 from continuing operations.Q1 earnings per share $0.04 including items.Q1 earnings per share view $0.11 -- Thomson Reuters I/B/E/S.Supervalu Inc - sees ‍fiscal 2018 net earnings from continuing operations to be in range of $51 million to $70 million​.Supervalu Inc - sees ‍FY 2018 adjusted EBITDA, including contribution from Unified Grocers, is expected to be in range of $475 million to $495 million​.Supervalu Inc - Q1 retail identical store sales were negative 4.9 percent.  Full Article

Kohl’s announces Bruce Besanko as chief financial officer
Tuesday, 27 Jun 2017 08:00am EDT 

June 27 (Reuters) - Kohls Corp ::Kohl's announces Bruce Besanko as chief financial officer.Says Bruce H. Besanko appointed CFO.Kohls Corp - appointment of Bruce H. Besanko to position of chief financial officer.Kohls Corp - Besanko spent four years with Supervalu in financial leadership roles, including chief operating officer and chief financial officer.  Full Article

Kohl hires Bruce Besanko as CFO from Supervalu - WSJ, citing sources
Tuesday, 27 Jun 2017 07:30am EDT 

June 27 (Reuters) - :Kohl hires Bruce Besanko as CFO from Supervalu - WSJ, citing sources.  Full Article

SUPERVALU says Rob Woseth to assume additional position of interim CFO
Monday, 26 Jun 2017 06:30am EDT 

June 26 (Reuters) - Supervalu Inc :Supervalu announces the resignation of cfo bruce besanko.Supervalu announces the resignation of cfo bruce besanko.Says cfo bruce besanko resigned.Supervalu inc - rob woseth, executive vice president, chief strategy officer, will assume additional position of interim chief financial officer.Supervalu - david johnson, will assume additional position of interim chief accounting officer, while co completes a search for a permanent cfo.  Full Article

Supervalu and Unified Grocers say FTC has granted early termination of waiting period
Friday, 19 May 2017 06:45am EDT 

May 19 (Reuters) - Supervalu Inc ::Supervalu and Unified Grocers announce FTC’s early termination of Hart-Scott-Rodino waiting period for Supervalu’s acquisition of Unified Grocers.  Full Article

Supervalu Q4 adjusted earnings per share $0.13
Tuesday, 25 Apr 2017 06:30am EDT 

April 25 (Reuters) - Supervalu Inc ::Supervalu reports fourth quarter and full year fiscal 2017 results.Q4 adjusted earnings per share $0.13.Q4 earnings per share $0.02 from continuing operations.Q4 sales $2.91 billion versus I/B/E/S view $2.89 billion.Q4 adjusted earnings per share $0.13 from continuing operations.Q4 earnings per share view $0.09 -- Thomson Reuters I/B/E/S.Qtrly retail identical store sales were negative 5.8 percent.Supervalu Inc - fiscal 2017 included a $577 million after-tax gain on sale of Save-A-Lot, recorded in income from discontinued operations, net of tax.  Full Article

Supervalu to acquire Unified Grocers
Monday, 10 Apr 2017 05:34pm EDT 

Supervalu Inc : Supervalu to acquire Unified Grocers to create one of the nation's leading grocery wholesale companies . Supervalu - deal for $375 million . Supervalu - combined business designed to deliver value to co' stockholders with at least $60 million in run rate cost synergies . Supervalu - co to use cash on hand and borrowings under its credit facilities to purchase unified's equity and repay Unified's outstanding net debt . Supervalu - transaction value comprised of about $114 million in cash for 100 percent of outstanding stock of Unified Grocers . Supervalu - transaction was unanimously approved by each company's board of directors, is currently expected to close in mid-to-late summer 2017 . Supervalu - transaction value also comprised of assumption and pay-off of unified grocers' net debt at closing . Supervalu - $60 million in run rate cost synergies expected to be realized by end of third year of operations . Supervalu - following completion of merger, unified grocers will be a wholly-owned subsidiary of supervalu . Supervalu - transaction expected to be accretive to earnings per share in first full fiscal year following closing which begins on February 25, 2018 .Supervalu-To achieve synergies,co expects to incur transition,integration costs of up to $60 million within first 2 years following transaction completion.  Full Article

Fitch: Activist Could Accelerate Change at SUPERVALU, but Pay-outs May Be Limited

(The following statement was released by the rating agency) CHICAGO, November 07 (Fitch) According to Fitch Ratings, recent activist demands could further accelerate SUPERVALU Inc.'s (SVU; B/Stable) transformation to a mainly wholesale distribution business and fast track the company's recently announced plans to evaluate its owned real estate, underperforming retail stores, and distribution network. However, cash distributed to shareholders may be limited by restrictions in SVU's $840 million t