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SUPERVALU INC

No Longer Reporting

The company has not filed an annual or quarterly report since its Q2 FY2019 10-Q, filed Oct 15, 2018. Its latest SEC filing is a 15-12B from Nov 6, 2018.

The sections below describe the company as of the FY2018 annual report.

What Did They Do?

Distributes grocery and other products and provides logistics and professional services to independent retailers, regional chains, and military commissaries; also operates grocery stores for shoppers.

How Did They Make Money?

Wholesale customers buy products when they are shipped or delivered; shoppers buy at the register, and fixed-price service work is earned across the contract term.

FY2018 revenue

Who Were Their Customers?

Independent grocers, regional chains and military commissaries buy from its wholesale operation; shoppers buy groceries at its company-operated stores.

Did Revenues Turn Into Profits?

Yes. It kept less than a cent of every revenue dollar as net income in FY2018, but spent more cash than it brought in: free cash flow was −$141M.

Operating income, FY2018
1% of revenue
▼ −1% vs FY2017 ($195M, 2%)
Net income, FY2018
0% of revenue
▼ −93% vs FY2017 ($650M, 6%)
Free cash flow, FY2018
−1% of revenue
▼ Now a loss vs FY2017 ($213M, 2%)

How Were They Changing?

Since the FY2018 annual report
Latest quarter: Q2 FY2019, the three months to Sep 8, 2018
Revenue
▲ +2%
vs $3.4B in Q2 FY2018
Net income
▲ +128% (Loss)
vs −$25M in Q2 FY2018
  • Oct 22, 2018 UNFI completed its acquisition of SUPERVALU SUPERVALU became a wholly owned UNFI subsidiary, and its shares were removed from New York Stock Exchange listing.
  • Jul 26, 2018 SUPERVALU exited Farm Fresh Twenty-one stores were sold to grocery chains, five to independent retailers, and the remaining stores were closed.

Shrank. Revenue fell 18% in 4 years, from $17.3B in FY2014 to $14.2B in FY2018, about 5% a year.

From discount retail to wholesale The older report describes a hard-discount Save-A-Lot chain alongside wholesale distribution and retail food stores. The latest report focuses on Wholesale and Retail and says Save-A-Lot was sold.

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