|Bid||10.00 x 1000|
|Ask||15.60 x 800|
|Day's Range||14.69 - 14.97|
|52 Week Range||13.60 - 31.29|
|PE Ratio (TTM)||0.91|
|Earnings Date||Apr 23, 2018 - Apr 27, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||25.67|
A proxy fight is under way at Supervalu Inc. as an activist investor seeks to overhaul the board of directors at one of the nation’s largest grocery companies.
Blackwells has pressed Supervalu for months to shift away from its retail stores and bring in new leadership.
SUPERVALU INC. today confirmed that Blackwells Capital has provided a notice of its intention to nominate six director candidates to stand for election to the Board of Directors at the Company’s 2018 Annual Meeting of Stockholders.
SUPERVALU's retail segment has been depicting a dismal picture, thanks to store closures and identical store sale declines. However, the company is focused on expanding its wholesale segment.
On the one hand, Walmart (WMT) has been cutting prices, and on the other hand, Amazon (AMZN) (through Whole Foods) continues to pose a never-ending threat. SuperValu (SVU) has been one of the clear victims of the ongoing turmoil in retail. SuperValu has been strategically focusing on positioning itself as a wholesaler.
SuperValu (SVU) announced on Wednesday, March 14, 2018, that it has entered into three definitive agreements for the sale of 21 of its 38 Farm Fresh Food & Pharmacy stores to three grocery store chains. Harris Teeter (owned by Kroger) is buying ten stores, which include six in-store pharmacies and three fuel centers. The transactions have been unanimously approved by SuperValu’s board of directors and are subject to customary closing conditions.
Supervalu Inc. said Wednesday it plans to sell off its Farm Fresh Food & Pharmacy stores as the company continues to put more emphasis on its wholesale and distribution business. Eden Prairie-based Supervalu (SVU) said in a statement that it already has deals to sell 21 of 38 Farm Fresh locations to three other retailers — Harris Teeter, The Kroger Co. (KR) and Food Lion — for a total of about $43 million. It's in discussions to unload the remaining stores, either to existing grocery store chains or to Farm Fresh employees.
The grocery retailer and distributor will sell 21 of its 38 Farm Fresh locations for a total of $43 million, and it's in talks about unloading the rest.
Supervalu Inc. shares rose more than 8% in late trading Wednesday after the company said it was selling its Farm Fresh Food & Pharmacy stores to other grocery chains as it focuses on its wholesale business ...
SUPERVALU INC. today announced it has entered into three separate definitive agreements to sell 21 of its 38 Farm Fresh Food & Pharmacy stores for approximately $43 million in cash to three different retailers: Harris Teeter, Kroger Mid-Atlantic Division, and Food Lion.
While SUPERVALU (SVU) consistently undertakes measures to sustain the Wholesale segment's growth momentum, it is also on track with efforts to revive retail performance.
There were no recommendation changes from Wall Street analysts on Sprouts Farmers Market (SFM) after its 4Q17 results. It has a better rating than most food retailers such as Kroger (KR) at 2.4, Walmart (WMT) at 2.3, and SuperValu (SVU) at 2.8. A total of 61% of the analysts covering SFM have set “buy” recommendations on the stock.
SUPERVALU INC. today announced that Rob Woseth has been promoted to the position of Executive Vice President and Chief Financial Officer, effective February 25, 2018. Woseth, who has held the position of EVP, Chief Strategy Officer with the Company since March 2013, has also served as the Company’s interim CFO since July 2017.