We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Grocery retailer SUPERVALU Inc. has seen an 8.48% rally in share price on Jul 6, after it inked a long-term supply agreement with Indianapolis, IN-based grocery wholesaler Marsh Supermarkets. Under the agreement, which is scheduled to be completed by the end of September, SUPERVALU will provide certain professional services to the grocery chain.
SUPERVALU, a Zacks Rank #2 (Buy) stock, will supply Marsh Supermarkets and O’Malia Food Markets with traditional products such as meat, deli, bakery, seafood, grocery, frozen foods and dairy. Additionally, SUPERVALU will lend merchandising support to Marsh Supermarkets through advanced merchandise planning, retail pricing analysis and shelf management programs.
We believe that this is a win-win deal for both the parties as SUPERVALU will gain access to 70 supermarkets across Indiana and Ohio as well as 38 pharmacy locations where Marsh Supermarkets presently operates. On the other hand, Marsh Supermarket’s customers will advantage from SUPERVALU’s popular grocery brands like Wild Harvest, Culinary Circle and Essential Everyday.
Also, the deal comes at a good time as SUPERVALU is scheduled to dispose off of its Save-A-Lot stores this fall. SUPERVALU has been reporting lower earnings for the past few quarters due to a substantial reduction in profits. The company's sales have also been declining due to lower comps. However, the recent contract with Marsh Supermarkets may turn around things for SUPERVALU.
Other favorably ranked stocks in the food/ miscellaneous sector include The J. M. Smucker Company (SJM - Free Report) , Post Holdings Inc. (POST - Free Report) and United Natural Foods Inc. (UNFI - Free Report) , all sporting a Zacks Rank #1 (Strong Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
SUPERVALU's (SVU) Marsh Supermarkets Deal Drives Stock
Grocery retailer SUPERVALU Inc. has seen an 8.48% rally in share price on Jul 6, after it inked a long-term supply agreement with Indianapolis, IN-based grocery wholesaler Marsh Supermarkets. Under the agreement, which is scheduled to be completed by the end of September, SUPERVALU will provide certain professional services to the grocery chain.
SUPERVALU, a Zacks Rank #2 (Buy) stock, will supply Marsh Supermarkets and O’Malia Food Markets with traditional products such as meat, deli, bakery, seafood, grocery, frozen foods and dairy. Additionally, SUPERVALU will lend merchandising support to Marsh Supermarkets through advanced merchandise planning, retail pricing analysis and shelf management programs.
We believe that this is a win-win deal for both the parties as SUPERVALU will gain access to 70 supermarkets across Indiana and Ohio as well as 38 pharmacy locations where Marsh Supermarkets presently operates. On the other hand, Marsh Supermarket’s customers will advantage from SUPERVALU’s popular grocery brands like Wild Harvest, Culinary Circle and Essential Everyday.
Also, the deal comes at a good time as SUPERVALU is scheduled to dispose off of its Save-A-Lot stores this fall. SUPERVALU has been reporting lower earnings for the past few quarters due to a substantial reduction in profits. The company's sales have also been declining due to lower comps. However, the recent contract with Marsh Supermarkets may turn around things for SUPERVALU.
SUPERVALU INC Price
SUPERVALU INC Price | SUPERVALU INC Quote
Other Stocks that Warrant a Look
Other favorably ranked stocks in the food/ miscellaneous sector include The J. M. Smucker Company (SJM - Free Report) , Post Holdings Inc. (POST - Free Report) and United Natural Foods Inc. (UNFI - Free Report) , all sporting a Zacks Rank #1 (Strong Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>