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Supervalu (SVU) 2Q17 Results: Mixed Quarter, Company Transformation Continues

Executive Summary

  • Supervalu reported fiscal 2Q17 adjusted EPS of $0.13, ahead of the $0.10 consensus estimate and up 12.4% year over year. Revenues were $3.9 billion, down 4.8% year over year and slightly below the consensus estimate.
  • Same-store sales were negative for the Wholesale segment, the Retail segment, at Save-A-Lot and for corporate stores within the Save-A-Lot network. On October 17, Supervalu announced the signing of an agreement to sell Save-A-Lot for $1.365 billion in cash. The sale is expected to close by January 31, 2017.
  • On September 8, the company reduced its full-year outlook for adjusted EBITDA to 5.0% below the $771 million figure reported last year.



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