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SUPERVALU Inc. (SVU)

- NYSE
  • Apr. 1, 2013, 8:12 AM
    Familiar refrain: reputed patent troll Acacia (ACTG) says it has resolved pending patent litigation in four states by entering into settlement and licensing agreements with Radio One (ROIAK), Supervalu (SVU), and Ventyx USA. 
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  • Mar. 26, 2013, 9:11 AM
    Supervalu (SVU) says it will reduce its workforce by about 1.1K positions. The company is smaller after selling off a number of chains to Cerberus.
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  • Mar. 22, 2013, 5:44 PM
    After-hours top gainers, as of 5:15 p.m.: SFD +6%. REGI +6%. GTI +4%. FIVE +4%. KWK +4%.
    After-hours top losers: IDIX -10%. TTS -6%. SVU -4%. MTG -3%. ARNA -2%.
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  • Mar. 21, 2013, 3:26 PM
    Supervalu (SVU +13%) reverses early losses after closing the Cerberus-led deal to reduce its supermarket portfolio and strengthen its balance sheet. Cantor Fitzgerald notes proceeds from share issue will be used for debt reduction, offsetting any significant dilution, and cheers the "end of a long period of value destruction."
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  • Mar. 21, 2013, 9:14 AM
    Supervalue (SVU) announces it completed the sale of five of its grocery store chains to a consortium led by Cerberus for a cool $3.3B. As part of the deal, Symphony Investors completed a tender offer for 11.686M shares at $4.00 a pop. After all the dust settles, Symphony Investors will hold a 21.2% stake in the trimmed-down Supervalu. SVU -2.2% premarket.
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  • Mar. 13, 2013, 9:54 AM
    Dollar stores (DG, DLTR, FDO) are sitting in the sweet spot for retail, according to analyst Kristin Bentz. Though the stores were once a destination for shopping "treasure hunts," a trend of consumers using the outlets as de facto grocery stores for basics and consumables is firming up. Wal-Mart (WMT +0.5%) may get a piece of the action with a plan to increase its footprint of small-format stores, while grocery stores could suffer a loss of market share (KR, SWY, SVU). (full report .pdf)
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  • Mar. 12, 2013, 2:30 PM
    Grocery store operator Fairway Group expects to launch its IPO next month, according to sources. Though the value of the deal is expected to be on the small side, it will be of keen interest to the supermarket group (SWY, SVU, KR, TFM, HTSI, IMKTA) with assessing valuation levels increasingly on the radar of investors.
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  • Mar. 12, 2013, 8:53 AM
    The FDA is dragging its feet on writing new menu labeling laws as strong opinions from supermarkets and convenience stores hold up the process. Though the restaurant industry in general is on board with disclosing calorie counts, grocery stores (SVU, KR, SWY, WFM) oppose it due to the "billion dollar" investment it would take to implement a calorie count on every non-packaged item.
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  • Feb. 21, 2013, 1:54 PM
    Grocery store stocks rise after Safeway's earnings report lifts sentiment. Supervalu (SVU +1%), Kroger (KR +3.4%), and The Fresh Market (TFM +1.5%) are all higher, but no relief for Whole Foods Market (WFM -0.4%) - stuck on the wrong side of the consumer discretionary spending line.
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  • Feb. 5, 2013, 12:36 PM
    Supervalu (SVU +0.4%) names Sam Duncan as its new CEO to replace Wayne Sears in a move which was signaled by the company about a month ago. Turnaround specialist Duncan will preside over a slimmed-down Supervalue with several of its grocery store chains sold to Cerberus.
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  • Jan. 11, 2013, 9:57 AM
    As all the dust settles from the Cerberus-Supervalu (SVU -0.4%) deal, key investment firms stay on the sidelines. Citi's Deborah Weinswig notes that although some weak banners were removed, the event might be dilutive for investors - while Janney's Jonathan Feeney thinks the earnings visibility on the supermarket operator is still cloudy. Both firms have an uninspiring Neutral rating on SVU.
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  • Jan. 10, 2013, 12:45 PM
    Midday top 10 gainers: UCBA +48%. NOK +19%. VOXX +17%. NEWL +16%. FSCI +16%. MY +15%. HAST +15%. HGG +13%. SVU +12%. PTIE +11%.
    Midday top 10 Losers: MCP -21%. GIG -21%. DRWI -20%. UNXL -14%. PRXI -8%. QRM -8%. ASNA -8%. THLD -8%. SSRI -8%. PRGN -7%.
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  • Jan. 10, 2013, 9:11 AM
    The Supervalu (SVU) deal with Cerberus will involve selling five different brands - including Albertson's, Jewel-Osco, and Shaws - for a sale price of $3.3B. In addition, Cerberus will lead a consortium that will make a tender offer for up to 30% of the company at $4 per share. Supervalu shares have fluttered around wildly in premarket trading, but now stand up 21.1% to $3.65 with more clarity on the terms of the deal.
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  • Jan. 10, 2013, 9:10 AM
    Premarket gainers: NOK +20%. SVU +19%. NEWL +18%. QLIK +8%. CRUS +7%. STM +5%.
    Losers: MCP -12%. ASNA -12%. ARO -9%. TIF -8%.
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  • Jan. 10, 2013, 9:00 AM
    More on Supervalu (SVU): The Wall Street Journal reports that in addition to buying Albertson's, Cerberus also plans to offer to take a stake in Supervalu (SVU) at $4 a share. SVU +16.5% premarket to $3.54 with no formal announcement from the companies on record just yet.
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  • Jan. 10, 2013, 8:58 AM
    Supervalu (SVU): FQ3 EPS of $0.03 misses by $0.04. Revenue of $7.9B (-5% Y/Y) in-line. Shares +15% premarket. (PR)
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Company Description
SUPERVALU Inc operates as a wholesale distributor to independent retail customers in the United States. Its food retail stores are operated under various banners, including Acme Markets, Jewel-Osco, Shaw's Supermarkets, Star Markets and the Albertsons.
Sector: Services
Industry: Grocery Stores
Country: United States