Supervalu Says It’s For Sale and, All of a Sudden, Someone Finally Reads the 10-K: OMG! WTF!
Supervalu (SVU), parent to grocery chains Albertsons and Jewel-Osco, said it’s considering selling all or part of the company, reports the Wall Street Journal. The stock tanked on the news.
SVU data by YCharts
The company has announced more than 3,000 layoffs. Its revenues have been trending down.
SVU Revenue data by YCharts
Its gross profits have slumped, too.
SVU Gross Profit TTM data by YCharts
And it’s struggling with debt.
SVU Debt to Equity Ratio data by YCharts
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