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Supervalu Inc (SVU.N)

SVU.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Supervalu Says Entered Into A Reseller Agreement With Instacart
Wednesday, 20 Jun 2018 

June 20 (Reuters) - Supervalu Inc ::SUPERVALU ENHANCES E-COMMERCE OFFERING WITH INSTACART AGREEMENT.SUPERVALU INC - ENTERED INTO A RESELLER AGREEMENT WITH INSTACART.  Full Article

Blackwells Capital Says It & Jason Aintabi Purchased Supervalu Shares Based On Belief That The Shares, When Purchased, Were Undervalued
Tuesday, 29 May 2018 

May 29 (Reuters) - Supervalu Inc ::BLACKWELLS CAPITAL SAYS IT & JASON AINTABI PURCHASED SUPERVALU SHARES BASED ON BELIEF THAT THE SHARES, WHEN PURCHASED, WERE UNDERVALUED - SEC FILING.  Full Article

SUPERVALU Q4 Sales $3.59 Billion
Tuesday, 24 Apr 2018 

April 24 (Reuters) - Supervalu Inc ::SUPERVALU REPORTS FOURTH QUARTER AND FULL YEAR FISCAL 2018 RESULTS.SEES FY 2019 SALES $15.5 BILLION TO $15.7 BILLION.Q4 SALES $3.59 BILLION VERSUS I/B/E/S VIEW $3.94 BILLION.ANNOUNCES PURSUING SALE OF ITS SHOP 'N SAVE AND SHOP 'N SAVE EAST RETAIL OPERATIONS.ANNOUNCES SALE LEASEBACK TRANSACTIONS FOR EIGHT DISTRIBUTION CENTERS.INTRODUCES FISCAL 2019 OUTLOOK.QTRLY RETAIL IDENTICAL STORE SALES WERE POSITIVE 0.1 PERCENT.QTRLY EARNINGS PER SHARE $0.86.QTRLY EARNINGS PER SHARE FROM CONTINUING OPERATIONS $0.64.CO DETERMINED IT WOULD REVISE ITS DEFINITION OF ADJUSTED EBITDA IN FISCAL 2019.SEES 2019 TOTAL OPERATING EARNINGS FROM $147 MILLION TO $171 MILLION.FISCAL 2019 ADJUSTED EBITDA FROM CONTINUING OPERATIONS IS EXPECTED TO BE IN RANGE OF $375 MILLION TO $400 MILLION.RETAIL ID SALES FOR FISCAL 2019 ARE EXPECTED TO BE FLAT TO SLIGHTLY POSITIVE.Q4 EARNINGS PER SHARE VIEW $0.79 -- THOMSON REUTERS I/B/E/S.FISCAL 2019 CONSOLIDATED NET SALES EXPECTED TO BE WITHIN A RANGE OF $15.5 BILLION TO $15.7 BILLION.  Full Article

Supervalu Announces Agreements To Sell And Leaseback Eight Distribution Centers
Tuesday, 24 Apr 2018 

April 24 (Reuters) - Supervalu Inc ::PRESS RELEASE - SUPERVALU ANNOUNCES AGREEMENTS TO SELL AND LEASEBACK EIGHT DISTRIBUTION CENTERS.SUPERVALU INC - DEAL FOR APPROXIMATELY $483 MILLION.SUPERVALU INC - ADJUSTING FOR TAXES AND CLOSING COSTS, NET PROCEEDS TO SUPERVALU ARE ESTIMATED TO BE APPROXIMATELY $445 MILLION.SUPERVALU INC - NET PROCEEDS FROM SALES WILL BE USED TO REDUCE OUTSTANDING DEBT.SUPERVALU INC - CO IS EXPECTED TO PAY CASH RENT OF ABOUT $31 MILLION IN FIRST YEAR OF LEASES.SUPERVALU INC - FOLLOWING SALE OF FACILITIES, CO WILL CONTINUE TO OWN OVER 13 MILLION SQUARE FEET OF REAL ESTATE.SUPERVALU - CO TO ENTER LEASE AGREEMENTS FOR EACH FACILITY FOR INITIAL TERM OF 20 YEARS WITH FIVE FIVE-YEAR RENEWAL OPTIONS.SUPERVALU INC - BUYER ALSO AGREED TO FUND AN EXPANSION AT SUPERVALU'S DISTRIBUTION CENTER IN HARRISBURG FOR AN ESTIMATED COST OF $20 MILLION.  Full Article

- Blackwells Comments On Supervalu Plan To Sell Some Farm Fresh Stores
Thursday, 15 Mar 2018 

March 15 (Reuters) - Blackwells Capital::BLACKWELLS COMMENTS ON SUPERVALU PLAN TO SELL SOME FARM FRESH STORES.BLACKWELLS CAPITAL - REITERATES INTENTION TO NOMINATE DIRECTORS TO SUPERVALU'S BOARD.BLACKWELLS CAPITAL LLC - SUPERVALU'S SALE OF ABOUT 10 PERCENT OF RETAIL LOCATIONS IS "INCREMENTAL STEP IN RIGHT DIRECTION".  Full Article

Supervalu Inc Q3 Sales $3.94 Billion
Wednesday, 10 Jan 2018 

Jan 10 (Reuters) - Supervalu Inc ::- QTRLY RETAIL IDENTICAL STORE SALES WERE NEGATIVE 3.5 PERCENT.- ‍CURRENTLY EXPECTS NET EARNINGS FROM CONTINUING OPERATIONS TO BE IN RANGE OF LOSS OF $20 MILLION TO $2 MILLION EARNINGS FOR 2018​.SUPERVALU REPORTS THIRD QUARTER FISCAL 2018 RESULTS.Q3 EARNINGS PER SHARE $0.46 FROM CONTINUING OPERATIONS.Q3 EARNINGS PER SHARE VIEW $0.47 -- THOMSON REUTERS I/B/E/S.Q3 SALES $3.94 BILLION VERSUS I/B/E/S VIEW $4.02 BILLION.Q3 ADJUSTED EARNINGS PER SHARE $0.61 FROM CONTINUING OPERATIONS INCLUDING ITEMS.SUPERVALU - ‍NET EARNINGS FROM CONTINUING OPERATIONS OUTLOOK FOR 2018 INCLUDES NON-CASH CHARGE OF $35 MILLION TO $45 MILLION ANTICIPATED TO BE MADE IN Q4​.- ‍EXPECTS NEWLY ENACTED FEDERAL TAX LEGISLATION TO REDUCE FUTURE CASH TAXES, ALTHOUGH CO IS STILL EVALUATING FAVORABLE IMPACT​.SUPERVALU - ‍Q3 ADJUSTED NET EARNINGS FROM CONTINUING OPERATIONS INCLUDED DISCRETE TAX BENEFIT THAT CONTRIBUTED ABOUT $0.30 TO NET EARNINGS FROM CONTINUING OPERATIONS/DILUTED SHARE​.  Full Article

‍Blackwells Capital Llc says sent letter to board, management of Supervalu ​
Thursday, 26 Oct 2017 

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 

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 

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 selected as grocery wholesaler by The Fresh Market
Monday, 15 Aug 2016 

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

Deals of the day-Mergers and acquisitions

April 25 The following bids, mergers, acquisitions and disposals were reported by 2231 GMT on Wednesday: