Tag Archives: SVU

[SVU – Supervalu] Opportunity Post Save-A-Lot Divestiture?

(959 words) Ugly few years for this poor grocer, but the implied valuation of the core wholesale business looks like it could be interesting post recent Save-A-Lot divestiture (discount grocer). The company used most of its $1.3bn in gross proceeds ($1.24bn after taxes) to significantly reduce its debt load by $1.1bn (total PF net secured/net […]

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[SVU] RETAIL FOOD DEFLATION CONTINUES AND FIERCE COMPETITION PERSISTS

(506 words) 10/19/2016: SVU (Earnings Call) On 10/17, SVU announced the sale of its Save-A-Lot business [discount grocer] to Onyx for $1.4bn in cash (proceeds to be used towards debt repayment) w/ an end of Jan expected close. Retail sales (comps -5.9%; traffic -5.2%, basket -0.7% w/ sequential deterioration) continue to be negatively impacted by […]

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