RSS   Newsletter   Contact   Advertise with us
Post Online Media

Supervalu Q2 net earnings 30 million

Supervalu
Supervalu   $0.11 per diluted share

Second-quarter numbers from supermarket chain Supervalu were in line with expectations on the earnings front, but weaker-than-forecast in terms of revenue.


Net earnings from continuing operations came in at $30 million, or $0.11 per diluted share, on consolidated net sales of $3.87bn, down from earnings of $31m and sales of $4.06bn in the same period a year ago.

Adjusted earnings per share came in at $0.10, down from $0.13 the year before but in line with analysts' expectations.

Wholesale earnings for the quarter declined 5.5% to $1.73bn, mostly due to stores from the previous year no longer supplied by the company, partially offset by a rise in sales to new stores operated by existing customers and new customers.

Sales at Save-a-Lot came in at $1.06bn compared to $1.09bn the year before, while sales in Retail dropped 5.4% to $1.03bn.

 

What to read next

 
 

POST Online Media does not use cookies to collect information about visitors.   OK, hide this message   Third party ads may be using cookies, you can see how here.