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Supervalu Inc (SVU)

SVU on New York Consolidated

20.00USD
14 Dec 2017
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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

BRIEF-Supervalu & Instacart To Launch New E-Commerce Sites

* SUPERVALU AND INSTACART TO LAUNCH NEW E-COMMERCE SITES AS PART OF MULTIYEAR AGREEMENT Source text for Eikon: Further company coverage: