U.S. Markets close in 2 hrs 55 mins
  • S&P 500

    -45.69 (-1.17%)
  • Dow 30

    -247.60 (-0.79%)
  • Nasdaq

    -225.80 (-1.96%)
  • Russell 2000

    -8.97 (-0.51%)
  • Crude Oil

    +2.24 (+2.04%)
  • Gold

    -2.00 (-0.11%)
  • Silver

    -0.32 (-1.53%)

    -0.0063 (-0.5998%)
  • 10-Yr Bond

    0.0000 (0.00%)
  • Vix

    +0.42 (+1.56%)

    -0.0084 (-0.6812%)

    +0.7730 (+0.5707%)

    -45.09 (-0.22%)
  • CMC Crypto 200

    +0.21 (+0.05%)
  • FTSE 100

    +65.09 (+0.90%)
  • Nikkei 225

    +178.17 (+0.66%)

Earnings Review and Free Research Report: SUPERVALU’s Sales Surged 35%; Adjusted EPS Rocketed 119%

Research Desk Line-up: Village Super Market Post Earnings Coverage

LONDON, UK / ACCESSWIRE / October 24, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on SUPERVALU Inc. (NYSE: SVU), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=SVU, following the Company's release of its second quarter fiscal 2018 operating results on October 18, 2017. The grocery store operator outperformed top- and bottom-line expectations and provided guidance for the fiscal year. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member's account at:


Get more of our free earnings reports coverage from other constituents of the Grocery Stores industry. Pro-TD has currently selected Village Super Market, Inc. (NASDAQ: VLGEA) for due-diligence and potential coverage as the Company reported on October 06, 2017, its financial results for Q4 which ended on July 29, 2017. Register for a free membership today, and be among the early birds that get access to our report on Village Super Market when we publish it.

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on SVU; also brushing on VLGEA. With the links below you can directly download the report of your stock of interest free of charge at:



Earnings Reviewed

SUPERVALU's Q2 FY18 net sales surged 35% to $3.80 billion compared to $2.81 billion in Q2 FY17. The Company's net sales surpassed Wall Street's estimates of $3.76 billion.

SUPERVALU's gross profit totaled $428 million, or 11.3%, for Q2 FY18 compared to Q2 FY17 gross profit of $396 million, or 14.1% of net sales, and included $1 million of store closure charges and costs. The decline in gross profit rate was primarily due to the change in business segment mix, with the Wholesale segment representing a larger portion of total sales and gross profit.

SUPERVALU's selling and administrative (S&A) expenses were $435 million in Q2 FY18 and included an asset impairment charge of $42 million and merger and integration costs of $23 million. On an adjusted basis, the Company's selling and administrative expenses were $370 million, or 9.7% of net sales for the reported quarter. SUPERVALU's S&A expenses were $338 million in Q2 FY17 and included a $9 million fee received from a supply agreement termination, partially offset by $3 million of store closure charges and costs.

During Q2 FY18, SUPERVALU's net loss from continuing operations was $25 million, or $0.65 per diluted share. The Company's reported quarter results included a $27 million after-tax asset impairment charge and $16 million of after-tax merger and integration costs. SUPERVALU's net earnings from continuing operations for Q2 FY17 were $12 million, or $0.81 per diluted share. On an adjusted basis, the Company's net earnings from continuing operations were $18 million, or $0.46 per diluted share, for the reported quarter compared to net earnings from continuing operations of $9 million, or $0.21 per diluted share, for the year-ago same period.

SUPERVALU's Segment Results

During Q2 FY18, the Wholesale division's net sales were $2.74 billion, up 58% compared to $1.73 billion in Q2 FY17. The net sales increase was primarily due to sales from the acquired Unified Grocers business, sales to new customers, and increased sales to new stores operated by existing customers. The Company's Wholesale operating earnings in the reported quarter were $61 million, or 2.2% of net sales, compared to operating earnings of $58 million for the year-ago same period and included a fee received from a supply agreement termination of $9 million.

During Q2 FY18, Retail net sales were $1.02 billion compared to $1.03 billion, reflecting a decrease of 1.1%. The net sales decrease reflected identical store sales of negative 3.5% and closed stores, partially offset by sales from acquired and new stores. The Company's Retail operating loss was $58 million in the reported quarter, and included a $42 million asset impairment charge, compared to Retail operating loss of $12 million for Q2 FY17 which included $4 million of store closure charges and costs. On an adjusted basis, the Company's Retail operating loss in the reported quarter was $16 million, or negative 1.5% of net sales, compared to adjusted operating loss of $8 million, or 0.8% of net sales.

During Q2 FY18, the Company's fees earned under services agreements were $40 million compared to $41 million in Q2 FY17.

Cash Flows

SUPERVALU's fiscal 2018 year-to-date net cash flows provided by operating activities of continuing operations were $116 million compared to $208 million in the year-ago corresponding period, primarily due to cash utilized for working capital and other assets and liabilities to support higher Wholesale sales volumes and lower cash generated from earnings.

The Company's fiscal 2018 year-to-date net cash flows used in investing activities of continuing operations were $216 million for the reported quarter compared to $69 million in the year-earlier same quarter, primarily due to the acquisition of the Unified Grocers business and a distribution center.

Fiscal 2018 Outlook

SUPERVALU is forecasting net earnings from continuing operations to be in the range of $31 million to $50 million. The Company's adjusted earnings before interest, tax, depreciation, and amortization (EBITDA), including the contribution from Unified Grocers, is expected to be in the range of $475 million to $495 million.

Stock Performance

At the close of trading session on Monday, October 23, 2017, SUPERVALU's stock price rose 1.26% to end the day at $15.22. A total volume of 2.01 million shares were exchanged during the session, which was above the 3-month average volume of 931.44 thousand shares. At Monday's closing price, the stock's net capitalization stands at $610.63 million.

Pro-Trader Daily:

Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

PRO-TD has not been compensated; directly or indirectly; for producing or publishing this document.


The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email contact@protraderdaily.com. Rohit Tuli, a CFA® charter-holder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.


PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.


This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/.


For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: contact@protraderdaily.com

Phone number: (917) 341.4653

Office Address: Mainzer Landstrasse 50 Frankfurt am Main, Germany 60325

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Pro-Trader Daily