Aug. 10, 2015, 1:55 PM
Jul. 28, 2015, 12:40 PM
Jul. 28, 2015, 12:39 PM
- Supervalu (NYSE:SVU) pops after the company disclosed it's considering a spinoff of the Save-A-Lot chain.
- Shares of the grocery store operator are up 18.9% to $8.75. Supervalu hasn't traded over $10 since late April.
- Guggenheim Securities is a tad cautious on the development, warning Save-A-Lot faces competitive challenges as a stand-alone.
- Tesley Advisory Group notes a spinoff leaves Supervalu without its crown jewel.
- Previously: Supervalu eyes spinoff of Save-A-Lot (Jul. 28 2015)
Jul. 28, 2015, 9:37 AM| Jul. 28, 2015, 9:37 AM | 1 Comment
Jul. 28, 2015, 8:23 AM
- Supervalu (NYSE:SVU) reports Save-A-Lot net sales rose 3.8% to $1.41B in FQ1.
- Identical store sales for corporate stores within the the Save-A-Lot network increased 2.8%.
- Retail Food sales grew 3% to $1.47B whereas identical store sales declined 0.3%.
- Independent Business sales increased 1.7% to $2.46B
- Gross profit rate improved 60 bps to 15%.
- SG&A expense rate +20 bps to 12.0%.
- Operating margin rate +30 bps to 2.9%.
Jul. 28, 2015, 8:02 AM
- SUPERVALU (NYSE:SVU): FQ1 EPS of $0.23 beats by $0.03.
- Revenue of $5.41B (+2.9% Y/Y) beats by $20M.
Jun. 24, 2015, 8:46 AM
- Grocery store stocks could see some volatility after Ahold agrees to buy Delhaize.
- Retail analysts think the sector could see more M&A with the presence of larger retail chains such as Target and Wal-Mart placing some pressure on companies to scale up.
- On watch: Kroger (NYSE:KR), Supervalu (NYSE:SVU), Roundy's (NYSE:RNDY), Ingles Markets (NASDAQ:IMKTA), Village Super Market (NASDAQ:VLGEA), Weis Markets (NYSE:WMK), Fairway Group Holdings (NASDAQ:FWM).
- Previously: Ahold, Delhaize agree to merger
May 14, 2015, 9:47 PM
- Consolidation in the grocery industry could pick up even more, observes Supermarket News.
- A large merger between Albertsons and Safeway (NYSE:SWY) has been followed by talks between Delhaize (NYSE:DEG) and Ahold (OTCQX:AHONY).
- The increased push by Wal-Mart and Target in the sector has added pressure to leverage store growth through M&A.
- "There is mounting pressure in the supermarket industry to consolidate operations to drive better purchasing power and leverage distribution and technology platforms," notes Wolfe Research.
- Kroger (NYSE:KR) is seen as a likely candidate to look for a chain to acquire.
- Previously: Ahold, Delhaize confirm merger talks (May 12)
- Grocery stocks: RNDY, SVU, VLGEA, WFM, CASY, IMKTA, OTCPK:PUSH, TFM, SFM, WMK.
May 11, 2015, 10:52 AM
- Delhaize (NYSE:DEG) is up 13.3% after reports on a merger with Ahold (OTCQX:AHONY +3.8%) drove up shares listed in Europe earlier today.
- The talk of industry consolidation has some other U.S. grocery stocks ahead of market averages as well.
- Grocery gainers: Kroger (NYSE:KR) +1.0%, Whole Foods Market (NASDAQ:WFM) +1.2%, Roundy's (NYSE:RNDY) +1.0%, Supervalu (NYSE:SVU) +1.0%, Fairway Group (NASDAQ:FWM) +0.9%, Ingles Markets (NASDAQ:IMKTA) +9.8% with earnings also a factor.
- Previously: Ahold, Delhaize surge on merger reports
Apr. 29, 2015, 9:17 AM
Apr. 28, 2015, 9:02 AM
- Supervalu (NYSE:SVU) reports identical-store sales for the Save-A-Lot network rose 3.6% in Q1.
- The Retail Food segment saw identical-stores sales increase 1.1%.
- Gross profit rate +20 bps to 15.1%.
- SG&A expense rate +20 bps to 12.0%.
- Operating earnings rate +10 bps to 3.2%.
- Previously: SUPERVALU beats by $0.03, misses on revenue
- SVU -1.3% premarket.
Apr. 28, 2015, 8:02 AM
- SUPERVALU (NYSE:SVU): FQ4 EPS of $0.24 beats by $0.03.
- Revenue of $4.36B (+10.4% Y/Y) misses by $40M.
- Shares -1.78% PM.
Mar. 5, 2015, 12:44 PM
- Strong reports from Kroger and Delhaize are helping to provide a lift for the grocery store sector.
- Earlier this week, privately-owned Publix reported comparable-store sales rose 6.4% in Q4.
- Comps are on the rise and margin gains are being squeezed out by operators off of the sales leverage.
- Solid gains for the day on strong volume are being seen up and down the group: Kroger (NYSE:KR) +4.9%, Whole Foods Market (NASDAQ:WFM) +1.6%, Supervalu (NYSE:SVU) +1.5%, Delhaize (NYSE:DEG) +3.7%, The Fresh Market (NASDAQ:TFM) +1.2%, Ingles Markets (NASDAQ:IMKTA) +2.3%, Fairway Group (NASDAQ:FWM) +2.6%, Roundy's (NYSE:RNDY) +14.9%.
Jan. 21, 2015, 7:37 AM
- Grocery store chains stand to lose from the decision by the Supreme Court to reject a case on the swipe fee cap, according to analysts.
- Almost 70% of purchases in grocery stores are paid for by consumers with credit or debit cards.
- Operating margins in the industry tend to be very low.
- In some cases, the interchange fee which goes to the processing bank is higher than the profit margin on the grocery item.
- Trade groups repping the grocery industry wanted a cap of $0.07-$0.12, instead of the $0.21 approved by the Fed.
- Previously: Supreme Court passes on looking at swipe fees cap (Jan. 20 2015)
- Grocery store stocks: IMKTA, NGVC, TFM, SFM, SWY, DEG, SFS, WFM, SVU, KR, CASY, WMK, VLGEA.
Jan. 15, 2015, 5:39 PM
Jan. 15, 2015, 2:25 PM
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
Industry: Grocery Stores
Country: United States
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