SUPERVALU (SVU) Tops Q4 EPS by 4c

SUPERVALU (NYSE: SVU) reported Q4 EPS of $0.13, $0.04 better than the analyst estimate of $0.09. Revenue for the quarter came in at $2.91 billion versus the consensus estimate of $2.9 billion.

"We finished fiscal 2017 with momentum in our Wholesale business and an improved balance sheet resulting from the sale of Save-A-Lot," said President and CEO Mark Gross. "I’m very excited about our agreement to acquire Unified Grocers as it brings together two great companies to create one of the nation’s leading grocery wholesale organizations. At the same time, we are working to fundamentally improve the shopping experience in our retail stores and with new leadership and renewed passion we are focused on changing our operating results. I remain optimistic for growth and believe strongly in the path our team is pursuing to achieve it."

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

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