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  1. Southeastern Grocers today announced that it has successfully completed its financial restructuring and has emerged from Chapter 11 in record timing. With a solid financial foundation, SEG will further advance its business through store remodels and new stores.

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  2. Southeastern Grocers exited bankruptcy with 575 stores in seven states, down from 704 locations. They also announced a planned remodels of 100 stores in 2018. [45] In February 2019, Southeastern announced plans to shutter 22 locations in Florida, Georgia, North Carolina, and South Carolina.

  3. Southeastern estimates that net earnings for 2020 will be $317 million to $424 million compared to a net loss of $116.2 million in 2019. That is quite a remarkable swing.

    • Noah Wilson
  4. Nov 19, 2022 · It reported $8.3 billion in sales for 2019, and a loss of about $116.2 million. Sales and profits surged during the pandemic, however, with net income of $205.7 million on sales of $5.3 billion...

    • Mark Hamstra
  5. Dec 10, 2020 · For example in 2018, 96 locations were renewed, followed by 53 in 2019 and 33 this year. “By the end of the year we will have renewed, remodeled, converted or opened 55% of the entire company. We are just past halftime of the five-year transformation,” Hucker said. The focus on renewals is working.

    • Mike Troy
  6. For the 40 weeks ended 30 September 2020,Southeastern Grocers Inc revenues increased 17% to $7.4B.Net income totaled $235.1M vs. loss of $93.7M.

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  8. Oct 19, 2020 · Get one-click access to balance sheets, income, operations and cash flow statements without having to find them in Annual and Quarterly Reports. Analyze up to 10 years of full 10K Annual Reports and Quarterly 10Q SEC filings for Southeastern Grocers, Inc. using our online tools.

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