SUPERVALU Inc. (SVU) - NYSE
  • Oct. 29, 2012, 7:57 AM

    Effect on retail sales from Hurricane Sandy: 1) For supermarket companies and home improvement stores, analysis is clouded by a comparable from last year that includes big sales in front of an East Coast storm. 2) Though analysts see an extra boost at places where consumers prep for the storm, they warn many of these stores will run out of inventory quickly or simply pull sales from November. 3) According to Citi's Oliver Chen, mall-based retailers - including American Eagle Outfitters (AEO), Limited Brands (LTD), and Urban Outfitters (URBN) - could be the hardest hit. 4) Operators such as Domino's (DPZ) and Papa John's (PZZA) are tipped to see a sustained boost in demand.

    | Oct. 29, 2012, 7:57 AM | 1 Comment
  • Oct. 25, 2012, 9:56 AM

    Cerberus continues to move forward with a bid to take over Supervalu (SVU +4.1%), according to Reuters. Knowing that Cerberus probably plans to sell off pieces of the supermarket operator itself, the board of Supervalu is considering if it could achieve the piecemeal sale on its own.

    | Oct. 25, 2012, 9:56 AM | 4 Comments
  • Oct. 23, 2012, 9:12 AM

    Shares of Supervalu (SVU) shoot down 9.2% in premarket action as some of the enthusiasm over efforts by Cerberus to acquire the grocery store operator fades.

    | Oct. 23, 2012, 9:12 AM
  • Oct. 23, 2012, 9:10 AM
    Premarket gainers: ARMH +7%. COH +6%.
    Losers: RSH -14%. SVU -9%. WDC -8%. RF -8%. ALV -7%. DD -7%. GNTX -7%. NOK -7%. MT -5%.
    | Oct. 23, 2012, 9:10 AM | 1 Comment
  • Oct. 22, 2012, 12:49 PM
    Naming names: The picture on Supervalu (SVU +30.6%) comes into focus with Debtwire reporting that Cerberus Capital Management wants to line up $4B-$5B in debt financing to take over the grocery store operator.
    | Oct. 22, 2012, 12:49 PM | 8 Comments
  • Oct. 22, 2012, 12:45 PM
    Midday top 10 gainers: STXS +56%. SVU +35%. CASC +18%. PGRX +14%. GURE +13%. CRMB +13%. LLEN +12%. CHC +12%. PRWT +11%. PETS +11%.
    Top 10 Losers: OSG -63%. BSAC -62%. FSCI -29%. MSN -19%. ZN -18%. AVID -15%. HRT -6%. FDML -12%. DHRM -11%. CLWT -11%.
    | Oct. 22, 2012, 12:45 PM | 1 Comment
  • Oct. 22, 2012, 11:36 AM
    The frenzied trading in Supervalu (SVU +28.8%) is tied in part to a note out to clients from JPMorgan citing a 50% chance for a leveraged buyout. The firm's stance is that Supervalu sits as a relatively easy target with its low-cost debt and real estate assets as it upgrades the stock to Neutral from Underweight.
    | Oct. 22, 2012, 11:36 AM | 3 Comments
  • Oct. 22, 2012, 9:55 AM
    Supervalu (SVU) climbs 25.5% higher in a slingshot move that traders say is squeezing shorts out. Close to 2M shares have already swapped hands without any M&A news of substance out, while sector peers trade flat.
    | Oct. 22, 2012, 9:55 AM
  • Oct. 22, 2012, 9:19 AM

    Shares of Supervalu (SVU) race 9.5% higher in premarket trading to reach their highest level in over a month. The drive upward has been buoyed by speculation on how much a bidder would pay in a buyout to take on the challenge of running the Albertsons, Cub Foods, Jewel-Osco, and Save-A-Lot food chains.

    | Oct. 22, 2012, 9:19 AM | 4 Comments
  • Oct. 22, 2012, 9:10 AM
    Premarket gainers: PGRX +42%. SUPN +16%. SVU +7%. ACOM +8%. OREX +7%. NBG +6%. BTU +6%. PHG +6%. GIVN +6%.
    Losers: OSG -50%. NXY -7%.
    | Oct. 22, 2012, 9:10 AM
  • Oct. 19, 2012, 2:20 PM
    Supervalu (SVU +3%) adds to yesterday's gains as the company's disclosure that it has indications of interest brings in speculative buyers. Though P-E firms may be crunching the numbers on some kind of buyout, don't look for a sector rival to make a bid. The key point is that other grocery sellers - including Wal-Mart and discounting stores - are picking up the market share for free as Supervalu bleeds customer traffic.
    | Oct. 19, 2012, 2:20 PM | 8 Comments
  • Oct. 18, 2012, 10:49 AM

    Highlights from Supervalu's (SVU) earnings call: 1) The company says it was forced to get more promotional in Q2 due to weak demand and low traffic. 2) Wayne Sales promises his team will continue to target areas for cost savings. 3) Cash flow guidance reduced to $950M after factoring in capital spending increases, debt payments, and asset sales. 4) Save-A-Lot is still viewed as salvageable after getting "off-strategy" under prior leadership. 5) Nothing concrete on who's sniffing around as a potential buyer is unveiled. Shares +8.9% on heavy volume. (webcast)

    | Oct. 18, 2012, 10:49 AM
  • Oct. 18, 2012, 9:10 AM
    Premarket gainers: GIVN +13%. WCC +11%. SVU +9%. JNPR +7%. NVAX +7%. MGM +6%. AEGR +5%.
    Losers: MNKD -25%. CYTR -20%. ALGN -20%. IMUC -18%. LXRX -16%. MLNX -15%. GORO -14%. CDR -7%. SCSS -7%. VRNG -6%.
    | Oct. 18, 2012, 9:10 AM | 1 Comment
  • Oct. 18, 2012, 8:19 AM

    Supervalu (SVU) says it's in "active discussions" with several parties as part of its strategic review. Shares of SVUA are ripping 11.1% higher in premarket action with a conference call scheduled for 9:00 AM (webcast) now setting up to be a lot more interesting if execs get chatty.

    | Oct. 18, 2012, 8:19 AM
  • Oct. 18, 2012, 8:09 AM

    More on Supervalu (SVU): Retail Food sales fall 7.3% Y/Y to $5.2B, while Save-A-Lot sales come in flat. Gross profit as a percentage of sales falls 80 bps to 21.4% as store closings rack up bills. Expects debt reduction in FY13 of $400M-$450M. The company reveals it received a number of indications of interest. Shares +9.1% premarket. (PR)

    | Oct. 18, 2012, 8:09 AM
  • Oct. 18, 2012, 8:02 AM
    Supervalu (SVU): FQ2 EPS of $0.00 misses by $0.13. Revenue of $8B in-line. Shares +5.9% premarket. (PR)
    | Oct. 18, 2012, 8:02 AM
Company Description
SUPERVALU, Inc. engages in the distribution of food and grocery store operations. It operates through the following segments: Independent Business, Save-A-Lot, and Retail Food. The Independent Business segment engages in wholesale distribution to independently-owned retail food stores and other... More
Sector: Services
Industry: Grocery Stores
Country: United States