16.53 0.00 (0.00%)
After hours: 4:59PM EDT
|Bid||16.38 x 200|
|Ask||16.88 x 200|
|Day's Range||15.77 - 16.70|
|52 Week Range||13.60 - 29.68|
|PE Ratio (TTM)||1.02|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
The sale-leaseback agreement comes as the grocery chain looks to shed additional supermarkets amid pressure to boost results.
Zacks.com highlights: SUPERVALU, Unum Group, Covenant Transportation Group, Darling Ingredients and Comfort Systems USA
Supervalu (SVU) stock popped more than 11% yesterday as the company announced that it agreed to sell eight of its distribution centers for $483 million. The management said that the proceeds from the sale would be used to strengthen the company’s balance sheet. “By unlocking significant value in a portion of our real estate portfolio, we’re able to meaningfully pay down debt, improve our balance sheet, and deliver value to our shareholders,” said Mark Gross, Supervalu’s president and CEO.
SuperValu (SVU), which reported its fiscal 4Q18 results on April 24, reported adjusted earnings per share (or EPS) from continuing operations of $0.61. On average, analysts had predicted adjusted EPS of $0.78 for its fiscal 4Q18 earnings. Gross margin falls yet again
SuperValu’s (SVU) total sales from continuing operations grew 42.0% YoY (year-over-year) to ~$3.6 billion during fiscal 4Q18. The company missed Wall Street expectations by $347.0 million.
SUPERVALU's (SVU) performance in Q4 hurt by headwinds in the retail unit, in spite of sturdy performance in the wholesale business.
Supervalu (SVU) announced yesterday that it has entered into a definitive agreement to sell eight of its distribution centers, spanning across 5.8 million square feet, to an undisclosed buyer for $483 million. The company is now left with 13 million square feet of real estate. “The completion of these sale leaseback transactions is another positive step in the continued transformation of our business,” said Mark Gross, Supervalu’s president and CEO.
We have screened bargain stocks based on EV/EBITDA ratio that offers a clearer picture of a company's valuation and earnings potential.
U.S. supermarket operator Supervalu Inc said on Tuesday it would sell eight of its distribution centers to an undisclosed buyer for about $483 million following pressure from activist shareholders, sending its shares up 3.5 percent. Earlier this month Reuters reported, citing a source, that the company was exploring a potential sale encouraged by activist shareholders, including Blackwells Capital LLC. Blackwells called on the company in October to "unlock the value" of its owned real estate, whose value it said exceeds Supervalu's market cap, and also consider selling about 30 percent of the 217 stores it owns.
Supervalu is selling and leasing back eight of its distribution centers and also intends to sell off its Shop 'N Save and Shop ‘N Save East retail operations.
Though Supervalu’s (SVU) stock has delivered below-average performance this year, Wall Street believes there’s scope for revival. Analysts, on average, are expecting a 69% rise in SVU’s stock price over the next 12 months. The company, which was trading at $14.54 as of April 19, has been assigned a target price of $24.56. Individual target prices range between $14 and $55.
Supervalu’s (SVU) stock has failed to please investors for quite some time now. Poor financial performance and growing pessimism for the food retailer after Amazon’s entry into the space have been some of the key reasons behind SVU’s share price decline. It was reported on April 6 that the company is exploring the possibility of a potential sale after facing pressure from activist shareholders, including Blackwells Capital LLC. SVU’s share price soared on the news and closed 9.3% higher on April 6.
Supervalu (SVU) is slated to report its 4Q18 results on April 24. It’s likely to post a 14% YoY (year-over-year) decline in earnings per share (or EPS). The company’s gross margin is likely to contract further, by ~280 basis points to 12.1% in 4Q18.
Supervalu’s (SVU) total sales are projected to increase 35% YoY (year-over-year) to $3.92 billion during 4Q18, according to Wall Street. As in the first three quarters of the year, growth is likely to be driven by the company’s acquisitions in the wholesale segment. This segment recorded 38.4% growth in business in 9M18, largely driven by the integration with Unified Grocers, which the company acquired last year.
Zacks Investment Ideas feature highlights: CBOE Global Markets, ConAgra, SuperValu, United National Foods and Medifast
Credit Suisse initiated coverage of a handful of food-related stocks Tuesday. The Analyst Credit Suisse's Judah Frommer initiated coverage of the following stocks: SYSCO Corporation (NYSE: SYY ): Outperform, ...
SuperValu Inc (NYSE:SVU) shares were plummeting on Monday as the company is reportedly considering exploring a sale. The company has yet to make a final decision on whether or not it will seek a buyout from another company, according to the sources, which chose to remain anonymous as the details of the sale aren’t public yet. Supervalu operates mainly as a grocery wholesaler that provides products to more than 1,800 stores. The company’s private label brands include gluten-free Wild Harvest, as well as Stone Ridge Creamery, selling ice cream.