Company description

Tue, 10 Apr 2012 04:00:00 GMT

SUPERVALU INC., together with its subsidiaries, operates retail food stores in the United States. Its stores offer grocery, general merchandise, health and beauty care, pharmacy, and fuel products. The company operates stores under the Acme, Albertsons, Cub Foods, Farm Fresh, Hornbacher’s, Jewel-Osco, Lucky, Shaw’s, Shop ’n Save, Shoppers Food & Pharmacy, and Star Market banners, as well as in-store pharmacies under the Osco and Sav-on banners. It operates approximately 2,394 traditional and hard-discount retail food stores, including 899 licensed Save-A-Lot stores. The company also offers supply chain services, which include wholesale distribution of products to independent retailers, including single and multiple grocery store independent operators, regional and national chains, mass merchants, and the military customers, as well as provides logistics support services. SUPERVALU was founded in 1871 and is based in Eden Prairie, Minnesota

Comments & Business Outlook

Tue, 10 Apr 2012 04:00:00 GMT

Fourth Quarter 2012 Results

Fourth quarter retail food net sales were $6.4 billion compared to $6.7 billion last year.
When adjusted for the non-cash goodwill and intangible asset impairment charges and employee-related costs, fourth quarter fiscal 2012 net earnings were $81 million or $0.38 per diluted share vs $0.35 in prior year

Craig Herkert, SUPERVALU’s chief executive officer and president, said, “I am pleased with the launch of our business transformation this year and the initial results from that strategy which helped us deliver our adjusted earnings results of $1.25 for fiscal 2012. Our disciplined approach to pre-funding price investments is allowing us to invest across markets, categories and items. We remain focused on delivering improved value for our customers and meeting the specific needs of each community we serve.”

Fiscal 2013 Guidance

In addressing guidance, Herkert commented, “We are committed to fair price plus promotions and will intensify our efforts as we enter the second year of our business transformation. As we move into fiscal 2013, we see another year of improving identical store sales and will continue to take appropriate steps to deliver greater value to our customers and move closer to becoming America’s Neighborhood Grocer."

The company expects to generate fiscal 2013 earnings per diluted share on a GAAP basis within a range of $1.27 to $1.42.

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Company description

Comments & Business Outlook