Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  SUPERVALU INC.    SVU

SUPERVALU INC. (SVU)
Mes dernières consult.
Most popular
  Report  
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets
OFFRE ETE Zonebourse : Jusqu'à 6 mois offerts sur tous les portefeuilles

Supervalu : proposes restructuring as it pursues sale of Shop 'n Save chain

share with twitter share with LinkedIn share with facebook
share via e-mail
0
06/14/2018 | 04:34am CEST

June 13--Executives of Supervalu Inc. plan to reorganize the company by separating its wholesale and retail operations, which could help facilitate its plans to sell its Kirkwood-based Shop 'n Save grocery chain.

Under the proposal, Minneapolis-based Supervalu would restructure into a holding company that oversees both units. That would allow Supervalu to maximize its wholesale operations by becoming "the wholesale supplier of choice for grocery retailers across the United States," said Supervalu President and CEO Mark Gross in a regulatory filing detailing the new structure.

In the filing, Supervalu executives said they continue to make progress toward a sale of Shop 'n Save, which operates more than 30 stores in the St. Louis area.

Supervalu in April announced it would pursue the sale of the grocery chain.

Analysts and industry experts have said a buyer could be hard to come by as Schnucks and Dierbergs -- the two most obvious potential buyers -- have stores near most Shop 'n Save locations, and large grocers like Kroger seem hesitant to break into the market.

In St. Louis, about 3,300 Shop 'n Save union-represented workers are at risk if Supervalu can't find a buyer for all or part of the business.

In May, Supervalu announced it would close its Maplewood store at 7355 Manchester Road after the company decided not to renew its lease there. Stores in Ballwin, Ellisville and Ferguson have also been mentioned as potential stores that could suffer the same fate, though Supervalu has not commented on those locations.

Supervalu for most of this year has faced pressure from Blackwells Capital LLC, one of its largest shareholders, to split its retail and wholesale units.

The proposed corporate restructuring plan will be voted on by investors at Supervalu's 2018 annual meeting.

___

(c)2018 the St. Louis Post-Dispatch

Visit the St. Louis Post-Dispatch at www.stltoday.com

Distributed by Tribune Content Agency, LLC.

© Tribune Content Agency, source Regional News

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on SUPERVALU INC.
06/21SUPERVALU : Enhances E-Commerce Offering with Instacart Agreement; Personal shop..
AQ
06/20SUPERVALU : Enhances E-Commerce Offering with Instacart Agreement
BU
06/14SUPERVALU : plans a corporate restructuring into a holding company
AQ
06/14SUPERVALU : proposes restructuring as it pursues sale of Shop 'n Save chain
AQ
06/13SUPERVALU : looks to restructure as it pursues sale of Shop 'n Save chain
AQ
06/13CEO PAY WATCH : Supervalu's Mark Gross made $2.83 million last fiscal year
AQ
06/12SUPERVALU : Announces Proposed Holding Company Structure to Advance Transformati..
BU
06/12SUPERVALU INC. (NYSE : SVU) Files An 8-K Entry into a Material Definitive Agreem..
AQ
06/12SUPERVALU INC : Entry into a Material Definitive Agreement (form 8-K)
AQ
06/10CAV : Replacement WCC panel member was proper
AQ
More news
News from SeekingAlpha
06/21SUPERVALU enhances e-commerce offering with Instacart agreement 
06/18BJ's Wholesale preps for IPO 
06/14Retail sales winners and losers 
06/04SUPERVALU : Buy This Reversal 
05/29Blackwells wants six on Supervalu board 
Financials ($)
Sales 2019 15 675 M
EBIT 2019 210 M
Net income 2019 72,3 M
Debt 2019 1 260 M
Yield 2019 -
P/E ratio 2019 10,81
P/E ratio 2020 11,54
EV / Sales 2019 0,13x
EV / Sales 2020 0,12x
Capitalization 785 M
Chart SUPERVALU INC.
Duration : Period :
SUPERVALU INC. Technical Analysis Chart | SVU | US8685363017 | 4-Traders
Technical analysis trends SUPERVALU INC.
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 11
Average target price 25,4 $
Spread / Average Target 22%
EPS Revisions
Managers
NameTitle
Mark Gross President, Chief Executive Officer & Director
Donald R. Chappel Non-Executive Chairman
Robert N. Woseth Chief Financial Officer & Executive Vice President
Randy G. Burdick Chief Information Officer & Executive VP
Irwin S. Cohen Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
SUPERVALU INC.-3.01%785
SEVEN & I HOLDINGS CO., LTD.2.80%39 020
SYSCO CORPORATION10.16%35 125
TESCO23.97%33 692
AHOLD DELHAIZE11.34%29 598
WOOLWORTHS GROUP LTD9.67%29 082