SUPERVALU Inc. SVU Earnings
$SVU slipped to a 3Q17 loss from a profit last year, due to non-cash charges from pension settlement, goodwill impairment and store closures.
Net loss was $26MM or $0.10 per share compared to a profit of $34MM or $0.13 per share last year. Net sales fell to $3Bil from $3.05Bil. Adjusted EPS from continuing operations slid to $0.05 from $0.08.https://alphastreet.com/app#/home
$SVU's retail net sales for 3Q17 fell 3.4% YoverY. The decrease reflects identical store sales of negative 5.7% and closed stores, partially offset by sales from acquired and new stores.
$SVU's wholesale net sales for 3Q17 rose 0.2% YoverY. The increase is primarily due to sales to new customers and increased sales to new stores operated by existing customers, partially offset by stores from the prior year no longer supplied by the company.