|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||20.35 - 21.55|
|52-week range||13.60 - 26.51|
|PE ratio (TTM)||17.60|
|Earnings date||26 Jul 2018|
|Forward dividend & yield||N/A (N/A)|
|1y target est||25.44|
Blackwells Capital LLC (together with its affiliates, “Blackwells Capital” or “Blackwells”), an alternative investment management firm with over 8% ownership interest in Supervalu Inc. (SVU) (“Supervalu” or the “Company”), responded today to the investor presentation filed yesterday by Supervalu. Blackwells has nominated six highly qualified professionals for election to the Supervalu Board of Directors at the Company’s upcoming annual meeting.
SUPERVALU INC. will hold its fiscal 2019 first quarter conference call on Thursday, July 26, 2018 at 3:30 p.m. Central time. The call will be webcast live online at www.supervaluinvestors.com .
Board Recommends Stockholders Vote “FOR ALL” Nine of Supervalu’s Highly Qualified, Experienced Directors and “FOR” the Holding Company Proposal on the WHITE Proxy Card
Bargain shoppers can thank Charles Hooley for the no-frills feel of more and more U.S. grocery stores. Mr. Hooley, who died June 17 at 89 years of age, was a pioneer of big, spartan supermarkets that prized low prices over presentation. Groceries at his stores were unloaded from trucks as close as possible to the wooden shelves where they would be sold, and displayed in their shipping cases.
I am writing today to help inform people who are new to the stock market and want to begin learning the link between SUPERVALU INC (NYSE:SVU)’s fundamentals and stock marketRead More...
Supervalu's (SVU) deal with Instacart will provide online shopping and same-day delivery services to its retailers. This will enable the company expand base and boost its e-commerce platform.
SUPERVALU INC. (SVU), the largest public company grocery wholesaler in the United States, has entered into a reseller agreement with Instacart, creating a new professional services offering and expanding the company’s digital capabilities. The agreement allows SUPERVALU to offer the benefits of online shopping and delivery services to more than 3,000 independent retail stores supplied by SUPERVALU as well as other retailers across the U.S. in the over 240 metro areas where Instacart operates. Instacart’s turn-key solution provides same-day grocery delivery or in-store pickup services to retailers through the use of personal shoppers who pick and deliver orders to consumers in as little as one hour.
SUPERVALU (SVU) reveals a proposal to rearrange its corporate structure into a holding company setup. This is likely to support SUPERVALU's strategic transformation.
SUPERVALU INC. (SVU) today announced a proposal to reorganize the Company’s corporate structure (the “Holding Company Proposal”) to further facilitate the Company’s strategic transformation, among other benefits to stockholders. This proposal, as outlined in SUPERVALU’s preliminary proxy statement/prospectus filed today, would result in a reorganization of the Company’s corporate structure into a holding company structure.
Source: InsiderScore.com Wynnefield Capital Management revealed in a May 29 filing that it had entered into a confidentiality and standstill agreement with Xerium on May 25 in which Wynnefield will be provided current information on Xerium’s “review of strategic alternatives,” including the potential sale of the company or its assets, in exchange for Wynnefield’s support of Xerium’s current board of directors at the coming annual shareholders meeting. Wynnefield also disclosed a stake of 1,214,540 shares, or the equivalent of 7.4% of the outstanding stock. TCS Capital Management revealed on May 25 its 9.7% stake, equal to 5,002,547 DHI common shares, following its purchase of 945,059 shares priced from $1.51 to $2.50 in the span from May 8 through May 21, plus the acquisition of four million additional shares through the exercise of put options with a $2.50 strike price on May 15 and May 18.
Blackwells Capital LLC (together with its affiliates, “Blackwells Capital” or “Blackwells”), an alternative investment management firm with an approximate 7.3% ownership interest in Supervalu Inc. (SVU) (“Supervalu” or the “Company”), today announced it has filed preliminary proxy materials to elect six highly qualified candidates to Supervalu’s Board of Directors (the “Board”) at the upcoming 2018 Annual Meeting of Shareholders (the “Annual Meeting”).
SUPERVALU (SVU) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
SUPERVALU INC. will participate in next week’s RBC Capital Markets Consumer & Retail Conference in Boston. President and CEO Mark Gross and Executive Vice President, CFO Rob Woseth will address investors at approximately 10:00 a.m.
Blackwells Capital LLC (together with its affiliates, “Blackwells Capital” or “Blackwells”), an alternative investment management firm and one of the largest shareholders of Supervalu Inc. (SVU) (the “Company”) with an approximate 5.2% ownership interest, today issued the following open letter to the Company’s Board of Directors, in response to its continued refusals to engage in good faith over proposals to reverse the continued destruction of shareholder value.
SUPERVALU INC. (SVU) today announced it has completed the sale and leaseback of seven of its distribution centers as part of the previously announced agreement to sell eight of its owned warehouses (Link: SUPERVALU Announces Sale Leaseback Agreement). With the sale of these seven facilities now complete, SUPERVALU has entered into lease agreements for each facility for an initial term of 20 years with five five-year renewal options. The sale and leaseback of the eighth property is expected to be completed by October as originally intended.
SUPERVALU today announced it has completed the previously announced sales of 21 of its 38 Farm Fresh stores to three different retailers: Harris Teeter, Kroger Mid-Atlantic Division, and Food Lion.
Ford (F) announced its fiscal 1Q18 results on April 25. The revenue increased 7.0% to $39.0 billion and surpassed the consensus estimates by 5.0%. The company’s EPS (earnings per share) increased to $0.43—compared to $0.39 in 1Q17. The EPS surpassed the consensus estimate of $0.41.
The sale-leaseback agreement comes as the grocery chain looks to shed additional supermarkets amid pressure to boost results.
Zacks.com highlights: SUPERVALU, Unum Group, Covenant Transportation Group, Darling Ingredients and Comfort Systems USA
Supervalu (SVU) stock popped more than 11% yesterday as the company announced that it agreed to sell eight of its distribution centers for $483 million. The management said that the proceeds from the sale would be used to strengthen the company’s balance sheet. “By unlocking significant value in a portion of our real estate portfolio, we’re able to meaningfully pay down debt, improve our balance sheet, and deliver value to our shareholders,” said Mark Gross, Supervalu’s president and CEO.