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Founded Year

1926

Stage

Acq - P2P | Acquired

Valuation

$0000 

About SUPERVALU

SUPERVALU (NYSE: SVU) is an American retailing company that operates a chain of supermarkets and pharmacies primarily in the United States. The Company also provides supply chain services, which includes wholesale distribution and related logistics support services.

Headquarters Location

7075 Flying Cloud Drive

Eden Prairie, Minnesota, 55344,

United States

952-828-4000

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Expert Collections containing SUPERVALU

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

SUPERVALU is included in 1 Expert Collection, including Fortune 500 Investor list.

F

Fortune 500 Investor list

590 items

This is a collection of investors named in the 2019 Fortune 500 list of companies. All CB Insights profiles for active investment arms of a Fortune 500 company are included.

SUPERVALU Patents

SUPERVALU has filed 1 patent.

patents chart

Application Date

Grant Date

Title

Related Topics

Status

8/9/2010

7/2/2013

Liverpool docks, Doors, Sport bikes, Standard motorcycles, Occupational safety and health

Grant

Application Date

8/9/2010

Grant Date

7/2/2013

Title

Related Topics

Liverpool docks, Doors, Sport bikes, Standard motorcycles, Occupational safety and health

Status

Grant

Latest SUPERVALU News

Musgrave Group sees revenue and profit grow steadily despite rising costs and inflation

Nov 21, 2023

Group’s foodservice sector saw a huge growth over the year The SuperValu owner saw revenues increase to €4.7bn during 2022 as profit margins remained under "significant pressure". Tue, 21 Nov, 2023 - 07:00 Ronan Smyth      Despite soaring operational costs and rising inflation, Cork-headquartered Musgrave Group saw revenue grow steadily last year with profits after tax reaching nearly €100m. In its recently published annual report for 2022 and financial statements, the SuperValu and Centra owner said its results for the year were “solid” but margins were under “significant pressure”. According to the results, revenue at Musgrave Group increased from €4.5bn in 2021 to €47bn which on the back of, the company generated a gross profit of €875.1m. However, the company saw an increase in operational costs, up 4.4% to €617m, and administrative costs, up 4.7% to €149m. Staff costs amounted to €418m during 2022 - up from €395.2m. This left the Musgrave Group with an operating profit of €116m which dropped to a profit of €99m after taxes were deducted. This is still an increase of €6.3m year-on-year. Nicky Hartery, chairman of the Musgrave Group, said the results for 2022 were “solid” and despite obstacles such as inflation and the impact the war in Ukraine had on global supply-chains. “Margins have been under significant pressure due to high inflation, rising cost of goods and operational costs, and unpredictable energy prices. Moreover, global supply- chain disruptions caused by the war in Ukraine and the growing impact of climate change have presented persistent logistical challenges,” he said. Of the company’s recorded €4.7bn in turnover, €3.9bn was generated in the Republic of Ireland with €600m generated in Northern Ireland. The remaining €200m was generated in the company’s Spanish outlets. The Musgrave Group operates 12 brands on the island of Ireland and in Spain including Frank and Honest, Donnybrook Fair, Daybreak, and Mace. The company employs 41,000 people across its businesses. During the year, SuperValu recorded the Group’s largest sales with a total value of €3.3bn followed by Centra at €2.3bn. Daybreak generated €300m in sales. SuperValu has 222 stores nationwide and an additional 37 in Northern Ireland, while Centra has 489 stores in the Republic and 102 in Northern Ireland. Daybreak has 300 stores in the Republic with Donnybrook Fair having six outlets here. The company has a net cash position of €238m up from €193m. While the company’s grocery business gradually returned to normal during 2022 following the pandemic, it was Musgrave’s foodservice sector which saw a huge growth over the year. Sales to hotels and restaurants were up 51% year-on-year and is now serving approximately 45,000 customers across the island of Ireland. Noel Keeley, chief executive of the Musgrave Group, said the company will continue to grow its retail and foodservice businesses through “investment and acquisition, as well as exploring further strategic diversification as opportunities arise”. Dividends paid out in the family-owned company amounted to €25.2m during the year up from 18.6m in 2021. In its financial statement for the year, the company has identified a number of potential risks going forward chief among them is the continued impact on inflation which impacted consumer spending and shopping behaviours. In addition, the identified labour availability as another risk factor.

SUPERVALU Frequently Asked Questions (FAQ)

  • When was SUPERVALU founded?

    SUPERVALU was founded in 1926.

  • Where is SUPERVALU's headquarters?

    SUPERVALU's headquarters is located at 7075 Flying Cloud Drive, Eden Prairie.

  • What is SUPERVALU's latest funding round?

    SUPERVALU's latest funding round is Acq - P2P.

  • Who are the investors of SUPERVALU?

    Investors of SUPERVALU include United Natural Foods.

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