SUPERVALU INC. (NYSE:SVU) has announced on Wednesday that it will be implementing the use of Oracle Corporation (NYSE:ORCL) Oracle Cloud to further enhance its business management and data analytics. The cloud platform is particularly expected to improve the company’s Human Resources and Finance departments.
Randy Burdick, SUPERVALU Executive Vice President (EVP) and Chief Information Officer (CIO), believes that the platform will enable the company to come up with more professional operations to optimize the services rendered to all of its consumers. Burdick elaborated that Oracle Cloud will result to speedy decision-making processes and enhanced efficiencies. As a result, SUPERVALU will be able to deliver a better consumer experience in the long run.
Oracle Cloud Implementation
First, the company will implement the use of Oracle ERP Cloud and Oracle HCM Cloud, two suites that provide analytic, mobile, and social capabilities. These cloud solutions will be integrated in the company’s key operations, which include the internal administration of both wholesale distribution and retail groceries, and other external services.
Rondy Ng, Oracle Senior VP (SVP) of Applications Development, noted that Oracle Cloud is committed to providing SUPERVALU with a maximized experience on its technology platform, citing that the Oracle ERP Cloud and Oracle HCM Cloud have already played crucial parts in the transformation of today’s business operations in different industries.
Q1 2017 Financial Highlights
Last week, SUPERVALU issued its earnings report for the first quarter of the fiscal year (FY) 2017, showing a 3.90% year-over-year decline in net sales to $5.20 billion from $5.41 billion. Wholesale, and Retail divisions both posted a year-over-year drop in net sales of 7.60% and 2.90%, respectively. Meanwhile, the Save-a-Lot business segment posted a 1.70% jump in net sales year-over-year.
For the period, SUPERVALU had a gross profit of $779 million, down from last year’s $810 million. Nonetheless, both figures represent 15% of their respective net sales.
During the first quarter, Selling and Administrative (S&A) expenses came in at $646 million; Net Interest expenses at $60 million; and Income Tax expenses at $27 million.
