Supervalu Posts Q4 Profit - Quick Facts

(RTTNews) - Grocery retailer Supervalu Inc. (SVU) said that its net earnings for fourth quarter fiscal 2014 were $26 million, compared to a loss of $1.412 billion last year. On a per share basis, net earnings were $0.10 versus a loss of $6.65 in the prior year quarter.

Net earnings from continuing operations for the fourth quarter of fiscal 2014 were $40 million, or $0.15 per share, and included $8 million in after-tax net costs and charges primarily for employee severance and debt financing activities.

Net loss from continuing operations for last year's fourth quarter was $174 million, or $0.82 per share, and included $149 million in after-tax costs and charges primarily for non-cash asset impairments and employee severance.

Adjusted net earnings from continuing operations were $48 million or $0.18 per share, compared to a net loss from continuing operations was $25 million, or $0.11 per share last year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.15 per share for the quarter. Analysts' estimates typically exclude special items.

Quarterly net sales were $3.95 billion compared to $3.90 billion last year, an increase of 1.4 percent. Wall Street expected revenues of $3.88 billion.

On March 21, 2013, the company completed the sale of five retail grocery banners (Albertsons, Acme, Jewel-Osco, Shaw's and Star Market).