SUPERVALU (SVU) Reports In-Line Q2 EPS; Retail Comps Fell 5.9%
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SUPERVALU Reports Second Quarter Fiscal 2017 Results
October 19, 2016 6:30 AM EDTNet earnings from continuing operations of $30 million; Adjusted EBITDA of $147 million Net earnings per share from continuing operations of $0.11; adjusted earnings per share of $0.10 Outstanding debt further reduced by approximately $100 million in the quarter
MINNEAPOLIS--(BUSINESS WIRE)-- SUPERVALU INC. (NYSE: SVU) today reported second quarter fiscal 2017 consolidated net sales of $3.87 billion and net earnings from continuing operations of $30 million, or $0.11 per diluted share, which included a net $2 million after-tax gain, comprised of... More
SUPERVALU Announces Sale of Save-A-Lot Business for $1.365 Billion
October 17, 2016 6:45 AM EDTMINNEAPOLIS--(BUSINESS WIRE)-- SUPERVALU INC. (NYSE: SVU) today announced that it has entered into a definitive agreement whereby an affiliate of Onex Corporation (TSX: OCX) will acquire SUPERVALUs Save-A-Lot business for $1.365 billion in cash, subject to customary closing adjustments. In connection with the sale, SUPERVALU and Save-A-Lot will enter into a five-year professional services agreement. The sale of Save-A-Lot is expected to be completed by January 31, 2017, subject to regulatory approvals and other customary closing conditions.
Todays announcement is the result of a thorough process to maximize... More
