Last $9.74 USD
Change Today +0.03 / 0.31%
Volume 679.2K
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As of 8:04 PM 12/26/14 All times are local (Market data is delayed by at least 15 minutes).

supervalu inc (SVU) Key Developments

SUPERVALU to Provide Distribution and Transition Services to Expanded Haggen Grocery Operations

SUPERVALU INC. announced it had reached agreement with Haggen to serve as one of its primary grocery suppliers and as its transition services provider to the planned expanded Haggen business. In its role as grocery distributor, SUPERVALU would supply products and provide wholesale services to 64 Haggen stores in Oregon and Washington (comprised of the 46 stores Haggen plans to acquire as well as Haggen’s 18 existing stores). Additionally, SUPERVALU would provide transition services for all 164 Haggen stores, including IT support and certain back-office support functions.

SUPERVALU Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Year to Date Ended September 6, 2014; Provides Earnings Guidance for the Fiscal 2015

SUPERVALU Inc. reported unaudited consolidated earnings results for the second quarter and year to date ended September 6, 2014. For the quarter, the company reported net sales of $4,018 million compared to $3,947 million a year ago. Operating earnings was $94 million compared to $112 million a year ago. Earnings from continuing operations before income taxes were $49 million compared to $62 million a year ago. Net earnings from continuing operations were $31 million compared to $40 million a year ago. Net earnings attributable to the company were $31 million compared to $40 million a year ago. Diluted earnings per share from continuing operations were $0.11 compared to $0.15 a year ago. Total adjusted EBITDA was $161 million compared to $172 million a year ago. Second quarter adjusted operating earnings declined $11 million year-over-year, primarily due to margin investments and increased advertising, partially offset by higher sales. Excluding after-tax costs related to the information technology intrusion, net earnings from continuing operations were $32 million. The company generated approximately $100 million in cash from operations this quarter, which was largely used to fund cash capital expenditures and business acquisitions including the Rainbow Foods transactions. For the year to date, the company reported net sales of $9,252 million compared to $9,188 million a year ago. Operating earnings was $229 million compared to $196 million a year ago. Earnings from continuing operations before income taxes were $121 million compared to loss from continuing operations before income taxes of $102 million a year ago. Net earnings from continuing operations were $79 million compared to net loss from continuing operations of $62 million a year ago. Net earnings attributable to the company were $74 million compared to $125 million a year ago. Diluted earnings per share from continuing operations were $0.29 compared to diluted loss per share from continuing operations of $0.15 a year ago. Diluted net earnings per share were $0.28 compared to $0.49 a year ago. Net cash provided by operating activities was $160 million compared to net cash used in operating activities of $224 million a year ago. Purchases of property, plant and equipment was $84 million compared to $37 million a year ago. Total adjusted EBITDA was $387 million compared to $410 million a year ago. The company continues to believe the 2015 fiscal year adjusted EBITDA will be lower than fiscal 2014 pro forma adjusted EBITDA of $783 million. The company expectations for capital spending are unchanged, and it is holding to the $230 million to $240 million.

SUPERVALU Inc., Q2 2015 Earnings Call, Oct 16, 2014

SUPERVALU Inc., Q2 2015 Earnings Call, Oct 16, 2014

SUPERVALU INC. Completes Amendment and Extension of $1.0 Billion Asset-Based Revolving Credit Facility

SUPERVALU INC. announced it has successfully completed the amendment and extension of its existing $1.0 billion asset-based revolving credit facility, which is secured by the company's inventory, credit card, wholesale trade, pharmacy and certain other receivables, prescription files and related assets. The amendment extended the maturity date of the revolving ABL facility to September 30, 2019 from its prior maturity date of February 21, 2019. The amendment also added a springing maturity provision that would accelerate the maturity of the revolving ABL Facility to 90 days prior to the scheduled maturity date of the Company's $1.5 billion senior secured term loan facility if there are any obligations outstanding under the secured term loan facility as of that date. By extending the maturity date of the revolving ABL facility to a date at least six months later than the maturity date of the secured term loan facility, the company now has greater flexibility to prepay its 8.00% senior notes due May 2016 with proceeds of the revolving ABL facility. Wells Fargo, U.S. Bank, Goldman Sachs, Credit Suisse, Morgan Stanley, Barclays, Rabobank and Bank of America Merrill Lynch acted as joint lead arrangers and joint bookrunners on the amendment.

SUPERVALU Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended June 14, 2014

SUPERVALU Inc. reported unaudited consolidated earnings results for the first quarter ended June 14, 2014. For the quarter, the company reported net earnings attributable to company of $43 million or $0.17 per diluted share on net sales of $5,234 million compared to net earnings attributable to company of $85 million or $0.34 per diluted share on net sales of $5,241 million reported a year ago. Operating earnings were $135 million compared to $84 million reported a year ago. Earnings from continuing operations before income taxes were $72 million compared to loss from continuing operations before income taxes of $164 million reported a year ago. Net earnings from continuing operations were $48 million or $0.18 per diluted share compared to net loss from continuing operations of $102 million or $0.43 per diluted share reported a year ago. Net cash provided by operating activities was $57 million compared to net cash used in operating activities of $184 million reported a year ago. Purchases of property, plant and equipment was $37 million compared to $18 million reported a year ago. Total adjusted EBITDA was $226 million compared to $238 million reported a year ago.

 

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SVU

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Valuation SVU Industry Range
Price/Earnings 17.4x
Price/Sales 0.1x
Price/Book NM Not Meaningful
Price/Cash Flow 19.4x
TEV/Sales NM Not Meaningful
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