The 10-second takeaway
For the quarter ended Feb. 25 (Q4), SUPERVALU met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue shrank and GAAP earnings per share shrank to a loss.
Margins contracted across the board.
SUPERVALU booked revenue of $8.23 billion. The 11 analysts polled by S&P Capital IQ predicted revenue of $8.32 billion on the same basis. GAAP reported sales were 5.0% lower than the prior-year quarter's $8.66 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at $0.38. The 17 earnings estimates compiled by S&P Capital IQ forecast $0.36 per share on the same basis. GAAP EPS were -$2.00 for Q4 against $0.45 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 22.8%, 190 basis points worse than the prior-year quarter. Operating margin was 2.6%, 140 basis points worse than the prior-year quarter. Net margin was -5.2%, 630 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $10.88 billion. On the bottom line, the average EPS estimate is $0.39.
Next year's average estimate for revenue is $35.61 billion. The average EPS estimate is $1.29.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 890 members out of 954 rating the stock outperform, and 65 members rating it underperform. Among 253 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 232 give SUPERVALU a green thumbs-up, and 21 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on SUPERVALU is hold, with an average price target of $8.20.
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