SOURCE: Paragon Financial Limited

Paragon Financial Limited

July 13, 2012 08:20 ET

SUPERVALU and Safeway Shares Fall Sharply After SUPERVALU Releases Weak Quarterly Results

The Paragon Report Provides Stock Research on SUPERVALU and Safeway

NEW YORK, NY--(Marketwire - Jul 13, 2012) -  Shares of grocery stores fell sharply Thursday after SUPERVALU Inc. reported it was suspending its quarterly dividend and was "reviewing strategic alternatives for our business." Shares of the company plummeted over 45 percent in Thursday trading. The Paragon Report examines investing opportunities in the Grocery Stores Industry and provides equity research on SUPERVALU Inc. (NYSE: SVU) and Safeway Inc. (NYSE: SWY).

Access to the full company reports can be found at:
www.ParagonReport.com/SVU
www.ParagonReport.com/SWY

After the recession in 2008 more and more consumers have turned to discount stores like Wal-Mart for their groceries. SUPERVALU's CEO Craig Herkert on a recent call with analysts said that dollar-store chains have begun to take away more customers.

"Given the economic situation the American consumer is in, a lot of grocery competitors are focused on making sure they have the right value proposition for customers," Herkert said on the call. "We needed to accelerate our ability to play in that game."

Paragon Report releases regular market updates on the Grocery Stores Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.ParagonReport.com and get exclusive access to our numerous stock reports and industry newsletters.

For the quarter ended June 16, 2012, SUPERVALU reported net sales of $10.6 billion and net earnings of $41 million, or $0.19 per diluted share. In the first quarter of fiscal 2012, net sales were $11.1 billion and the company reported net earnings of $74 million, or $0.35 per diluted share. Shares of the company fell nearly 50 percent Thursday. SUPERVALU on Wednesday said they are currently considering selling all or part of their company.

Safeway is a Fortune 100 company and one of the largest food and drug retailers in North America based on sales. The company operates 1,675 stores in the United States and western Canada and had annual sales of $43.6 billion in 2011. The company will host a conference call with investors on Thursday, July 19, 2012 at 11:00 a.m. ET (8:00 a.m. PT) to discuss its second quarter 2012 financial results.

The Paragon Report has not been compensated by any of the above-mentioned publicly traded companies. Paragon Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at:
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