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Supervalu board approves Save-A-Lot spinoff

2016-01-08 01:21:15| Grocery - Topix.net

Jan 7 Grocery chain Supervalu Inc said its board approved a possible spinoff of its fast-growing discount chain Save-A-Lot stores. Supervalu said its shareholders would own at least 80.1 percent of the outstanding shares of Save-A-Lot.

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Supervalu files plans to spin off Save-A-Lot

2016-01-08 01:21:14| Grocery - Topix.net

Supermarket chain Supervalu Inc. on Thursday filed with regulators plans to spin off its hard-discount division Save-A-Lot as a public company, the latest move for Supervalu as it struggles to cope with big changes reshaping the food-retail sector. Supervalu said last summer it was considering spinning off Save-A-Lot in a bid to help investors better understand and value the low-price, no-frills chain.

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Supervalu Inc. (SVU) Set to Announce Quarterly Earnings on Tuesday

2016-01-04 09:30:30| Food - Topix.net

Supervalu Inc. is scheduled to be issuing its quarterly earnings data before the market opens on Tuesday, January 5th. Analysts expect the company to announce earnings of $0.16 per share for the quarter.

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Supervalu Inc. (SVU) Set to Announce Quarterly Earnings on Tuesday

2016-01-04 08:49:12| Grocery - Topix.net

Supervalu Inc. is scheduled to be issuing its quarterly earnings data before the market opens on Tuesday, January 5th. Analysts expect the company to announce earnings of $0.16 per share for the quarter.

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Supervalu Inc. (SVU) Lowered to Sell at Zacks Investment Research

2015-12-23 16:12:16| Grocery - Topix.net

According to Zacks, "SUPERVALU reported dismal second-quarter fiscal 2016 results with earnings and sales missing the Zacks Consensus Estimate by 7.14% and 1.94%, respectively. Although higher gross profit boosted year-over-year earnings, sales remained flat as positive identical store sales in the Save-A-Lot network was offset by negative same store sales in retail food and independent Save-A-Lot stores.

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