Supervalu, Inc. (SVU) Misses Q2 EPS by 13c
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Price: $32.49 --0%
Financial Fact:
Income tax provision: 18M
Today's EPS Names:
MSGM, SMID, VISL, More
Financial Fact:
Income tax provision: 18M
Today's EPS Names:
MSGM, SMID, VISL, More
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Supervalu, Inc. (NYSE: SVU) reported Q2 EPS of $0.00, $0.13 worse than the analyst estimate of $0.13. Revenue for the quarter came in at $8.04 billion versus the consensus estimate of $8.03 billion.
Outlook
The Company currently expects debt reduction for fiscal 2013 to be in the range of $400 to $450 million. Cash capital spending is projected to be in the range of $450 to $500 million, including expenditures for technology, maintenance of fleet and facilities, new Save-A-Lot stores, and approximately 40 store remodels.
Strategic Review Update
The Company’s previously announced review of strategic alternatives is proceeding. The Company has received a number of indications of interest and is in active dialogue with several parties. There can be no assurance that this process will result in any transaction or any change in the Company’s overall structure or its business model.
For earnings history and earnings-related data on Supervalu, Inc. (SVU) click here.
Outlook
The Company currently expects debt reduction for fiscal 2013 to be in the range of $400 to $450 million. Cash capital spending is projected to be in the range of $450 to $500 million, including expenditures for technology, maintenance of fleet and facilities, new Save-A-Lot stores, and approximately 40 store remodels.
Strategic Review Update
The Company’s previously announced review of strategic alternatives is proceeding. The Company has received a number of indications of interest and is in active dialogue with several parties. There can be no assurance that this process will result in any transaction or any change in the Company’s overall structure or its business model.
For earnings history and earnings-related data on Supervalu, Inc. (SVU) click here.
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