Southeastern Grocers
General Information | |
Business: | We are a leading regional food retailer based on revenue and number of stores we operate with a long-standing history in the Southeastern United States, serving highly attractive markets throughout Florida, Georgia, Alabama, Louisiana and Mississippi. We operate 420 stores under the “Winn-Dixie,” “Harveys” and “Fresco y Más” supermarket banners. We believe we are the sixth-largest conventional supermarket operator in the United States and the second-largest conventional supermarket operator in the five states in which we operate, respectively, based on aggregate number of stores we operate. According to IRI Worldwide industry data, we maintain the #2 market share position by revenue among conventional supermarkets within the six major markets in which we compete in the five states in which we operate. Additionally, we operate 140 liquor stores, 231 in-store pharmacies and one centralized specialty pharmacy, which supplement our product assortment and drive incremental sales. (Note: Revenue (net sales) and net loss figures are for fiscal year 2019, according to the prospectus. For the 28 weeks ended July 8, 2020, Southeastern Grocers reported net sales of $5.3 billion and net income of $205.7 million; this marked a swing to a profit for the 28 weeks ended July 8, 2020, from a loss for fiscal year 2019.)
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Industry: | Retail - Grocery Stores |
Employees: | |
Founded: | 2018 |
Contact Information | |
Address | 8928 Prominence Parkway #200 Jacksonville, Florida 32256 |
Phone Number | (904) 783-5000 |
Web Address | http://www.segrocers.com/ |
View Prospectus: | Southeastern Grocers |
Financial Information | |
Market Cap | |
Revenues | $8277.4 mil (last 12 months) |
Net Income | $-116.2 mil (last 12 months) |
IPO Profile | |
Symbol | SEGR |
Exchange | NYSE |
Shares (millions): | 8.9 |
Price range | $14.00 - $16.00 |
Est. $ Volume | $133.5 mil |
Manager / Joint Managers | BofA Securities/ Goldman Sachs |
CO-Managers | Deutsche Bank Securities/ BMO Capital Markets/ Wells Fargo Securities/ Truist Securities |
Expected To Trade: | 1/29/2021 |
Status: | Postponed |
Quiet Period Expiration Date: | Available only to Subscribers |
Lock-Up Period Expiration Date: | Available only to Subscribers |
SCOOP Rating | Available only to Subscribers |
Rating Change | Available only to Subscribers |