-
Tile Shop tops Q3 estimates
The surge in home improvement projects is helping fuel sales at The Tile Shop. Tile Shop Holdings Inc. on Tuesday reported third-quarter profit of $4.6 million for the third quarter, ended Sept. 30. Earnings, adjusted for non-recurring costs, came to 10 cents per share. The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 9 cents per share. -
Supervalu in $1.36 billion cash deal to sell Save-A-Lot
Supervalu has found a buyer for its discount grocery business, Save-A-Lot. Supervalu agreed to sell Save-A-Lot to Onex Corporation, a Toronto-based private equity firm, for $1.365 billion in cash. As part of the agreement, Supervalu will provide professional services to Save-A-Lot for five years. The sale is expected to be completed by January 31, 2017, subject to regulatory approvals and other customary closing conditions.