Telsey Upgrades SUPERVALU (SVU) to Outperform
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SUPERVALU (SVU) Will Explore Separation of Save-A-Lot Unit
July 28, 2015 8:02 AM EDTSUPERVALU (NYSE: SVU) announced that it is exploring a separation of its Save-A-Lot business, and that as part of that process it has begun preparations to allow for a possible spin-off of Save-A-Lot into a stand-alone, publicly traded company.
Save-A-Lot is a leading national hard discount retailer with over 1,300 total stores, comprised of approximately 430 corporate stores and approximately 900 stores operated by licensee owners, and we believe... More
SUPERVALU (SVU) Tops Q1 EPS by 2c
July 28, 2015 8:01 AM EDTSUPERVALU (NYSE: SVU) reported Q1 EPS of $0.23, $0.02 better than the analyst estimate of $0.21. Revenue for the quarter came in at $5.41 billion versus the consensus estimate of $5.42 billion.
Save-A-Lot network identical store sales were positive 0.6 percent. Identical store sales for corporate stores within the Save-A-Lot... More
