SUPERVALU (SVU) Tops Q1 EPS by 2c

SUPERVALU (NYSE: SVU) reported Q1 EPS of $0.23, $0.02 better than the analyst estimate of $0.21. Revenue for the quarter came in at $5.41 billion versus the consensus estimate of $5.42 billion.

Save-A-Lot network identical store sales were positive 0.6 percent. Identical store sales for corporate stores within the Save-A-Lot network were positive 2.8 percent. Retail Food segment identical store sales were negative 0.3 percent. Total sales within the Independent Business segment increased 1.7 percent. Fees earned under transition services agreements (“TSAs”) in the first quarter were $64 million compared to $58 million last year.

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

You May Also Be Interested In

• Moderna: Citi says oncology optimism is priced in, cuts rating to sell
• Expedia (EXPE) PT Lowered to $288 at Truist Securities, 'tricky case'
• Peoples Bancorp to acquire Capital Bancorp in $728M stock deal