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SUPERVALU Inc. Message Board

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  • secrtztn secrtztn Oct 19, 2011 12:47 PM Flag

    they beat big time

    Buy all you want. A lot of shares available, especially under $10.

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    • Top line sales dropped as expected due to sale of a business last year and continued SSS drop at the supermarkets.Top line sales will drop again for the next year as they have recently sold the gas station business.

      That leaves core business to look at. While the sales drop was smaller on a SSS basis than last year it was still a drop.When you add to that the fact that most grocery chains that are healthy are experiencing mid single digit sales growth if for nothing else but price inflation the company is not out of the woods yet.

      A&P used to be the largest grocery chain in America, even after many decades of being run poorly they are still in business but continue to lose share to better run rivals.Aldis, Whole Foods, Wegman's.Publix and Kroger's continue to add new stores. In fact Wegmans just opened it's first store in the Worcester area right in the middle of Shaw's territory,And they have a reputation and a history of getting much higher sales per square foot than any SVU brand.

      In the long run it will take more than fiscal games and an attempt to knock costs down to the lowest level possible to win in retail. Bare bones retailers with no frills have a place in the industry, but all you have to do is look at what has happened to Sears to see what happens when the stores are allowed to go to pot and the unrealized value of the real estate is perceived as more valuable than the business the company is in.After all to unlock the value of the real estate they would have to sell it , which would mean either closing supermarkets or sale leaseback that would add to ongoing expenses.

 
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