SUPERVALU (SVU) Posts Q4 EPS of $0.86

SUPERVALU (NYSE: SVU) reported Q4 EPS of $0.86, which may not compare to the analyst estimate of $0.78. Revenue for the quarter came in at $3.59 billion versus the consensus estimate of $3.9 billion.

Fiscal 2019 Outlook for Continuing Operations

Fiscal 2019 consolidated net sales are expected to be within a range of $15.5 billion to $15.7 billion. Retail ID sales are expected to be flat to slightly positive.

As part of Supervalu’s fiscal 2019 planning process, Supervalu determined it would revise its definition of Adjusted EBITDA in fiscal 2019 to exclude the non-service components related to net periodic pension and other postretirement benefit income that it will be required to move below operating earnings, given recent changes to accounting rules, and has also revised the definition to exclude stock-based compensation. Fiscal 2018 Adjusted EBITDA from continuing operations of $436 million would have been $399 million under this revised definition after subtracting $44 million in pension income and $12 million in OPEB (other post-employment benefits) income, and adding $19 million in stock compensation expense.

For earnings history and earnings-related data on SUPERVALU (SVU) click here.

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