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Mergers and Acquisitions, Financial Results and Management Transitions - Research Report on Darden, Sysco, Harris Teeter,

   Mergers and Acquisitions, Financial Results and Management Transitions -
Research Report on Darden, Sysco, Harris Teeter, Supervalu, and United Natural
                                    Foods

PR Newswire

NEW YORK, October 14, 2013

NEW YORK, October 14, 2013 /PRNewswire/ --

Editor Note: For more information about this release, please scroll to bottom.

Today, Analysts' Corner announced new research reports highlighting Darden
Restaurants, Inc. (NYSE: DRI), Sysco Corp. (NYSE: SYY), Harris Teeter
Supermarkets, Inc. (NYSE: HTSI), SUPERVALU Inc. (NYSE: SVU), and United
Natural Foods, Inc. (NASDAQ: UNFI). Today's readers may access these reports
free of charge - including full price targets, industry analysis and analyst
ratings - via the links below.

Darden Restaurants, Inc. Research Report

On September 20, 2013, Darden Restaurants, Inc. (Darden) announced its Q1 FY
2014 financial results (period ended August 25, 2013). Darden reported diluted
net EPS from continuing operations of $0.53 for Q1 FY 2014, a 37.6% YoY
decline. The net earnings from continuing operations totaled $70.3 million for
Q1 FY 2014 compared to $111.0 million for Q1 FY 2013. Darden informed that it
is taking certain steps that will reduce its annualized operating support
spending by approximately $50 million. The Company continues to expect diluted
net EPS for FY 2014 to decline between 3% and 5% YoY. Commenting on the
results, Clarence Otis, Chairman and CEO of Darden, said, "Following our
industry's pronounced spikes up and down in same-restaurant sales last winter
and spring, the results this summer are further evidence that we can expect
sharper sales volatility as the slow and uneven recovery in the economy
persists." Darden also informed that its Board of Directors declared a
quarterly dividend of $0.55 per share. The Full Research Report on Darden
Restaurants, Inc. - including full detailed breakdown, analyst ratings and
price targets - is available to download free of charge at:
[http://www.analystscorner.com/r/full_research_report/b1b5_DRI]

Sysco Corp. Research Report

On September 30, 2013, Sysco Corp. (Sysco) announced that Manuel A. (Manny)
Fernandez, Executive Chairman of Sysco's Board of Directors will retire at the
Company's 2013 Annual Meeting of Stockholders in Houston on November 15, 2013.
Sysco stated that Fernandez has served on the Company's board for seven years,
and was appointed as Executive Chairman in April 2012, prior to which he
served as Chairman of the board since June 2009. President and CEO of Sysco,
Bill DeLaney, said, "We appreciate all of Manny's contributions to Sysco over
the past seven years. I personally valued his mentoring as I progressed into
the role of President and CEO. We wish him all the best in his future
endeavors." The Full Research Report on Sysco Corp. - including full detailed
breakdown, analyst ratings and price targets - is available to download free
of charge at: [http://www.analystscorner.com/r/full_research_report/5efa_SYY]

Harris Teeter Supermarkets, Inc. Research Report

On October 3, 2013, Harris Teeter Supermarkets, Inc. (Harris Teeter) announced
that majority of its shareholders voted to approve the previously announced
Agreement and Plan of Merger, dated July 8, 2013, among Harris Teeter, Hornet
Acquisition, Inc., and The Kroger Co. The Company informed that approximately
98.6% of the votes were cast in favor of the Merger Agreement. According to
Harris Teeter, under the terms of the Merger Agreement, its shareholders will
receive $49.38 per share in cash for each share of Harris Teeter common stock
that they own; and following the transaction, Harris Teeter will be a
wholly-owned subsidiary of The Kroger Co. The Company expects the transaction
to close in Q4 2013. The Full Research Report on Harris Teeter Supermarkets,
Inc. - including full detailed breakdown, analyst ratings and price targets -
is available to download free of charge at:
[http://www.analystscorner.com/r/full_research_report/48d5_HTSI]

SUPERVALU Inc. Research Report

On October 8, 2013, Supervalu Inc. (Supervalu) announced that it will hold a
conference call to discuss the Company's Q2 FY 2014 financial results on
October 17, 2013 at 7:00 a.m. CT, which will also be webcast live online at
the Company's website. Supervalu informed that a replay of the conference call
will be archived at the Company's website, under the Investors section. The
Full Research Report on SUPERVALU Inc. - including full detailed breakdown,
analyst ratings and price targets - is available to download free of charge
at: [http://www.analystscorner.com/r/full_research_report/b796_SVU]

United Natural Foods, Inc. Research Report

On September 26, 2013, United Natural Foods, Inc. (UNFI) announced that it has
entered into a definitive agreement to acquire all of the equity interests of
Trudeau Foods, LLC (Trudeau Foods) from Trudeau Holdings, LLC. UNFI informed
that Trudeau Foods is the largest Minnesota-based distributor of natural,
organic and specialty food products. Commenting on the acquisition, Steve
Spinner, UNFI's President and CEO, stated, "This acquisition is the latest
step in our strategy to grow our market share and deliver a complete basket of
specialty, natural and organic products to our customers. We are excited to
welcome Trudeau Foods to our organization. Both companies have a tremendous
history of commitment to servicing their customers, and we are enthusiastic
about the growth prospects for this market." The Full Research Report on
United Natural Foods, Inc. - including full detailed breakdown, analyst
ratings and price targets - is available to download free of charge at:
[http://www.analystscorner.com/r/full_research_report/9419_UNFI]

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