Boston, MA 05/02/2014 (wallstreetpr) – Recently, SUPERVALU INC. (NYSE:SVU) Has reported the results of the last quarter of the year 2014. The results turned out to be positive as compared to SUPERVALU’s performance last year. There has been a growth on a year-over-year basis. Therefore, it can safely be inferred that the company is moving towards growth and progress.
Results of the fourth quarter announced
SUPERVALU has reported net sales in this quarter equal to $3.95 billion, which is equal to the $0.10 per diluted share. The company has reported net earnings from continuing operations to be $40 million, which is also equal to $0.15 per diluted share. The adjusted net earnings from operations were reported to be $48 million, which is also equal to $0.18 per diluted share. Last year SUPERVALU had suffered a net loss worth $174 million from continuing operations. Adjusted loss, last year, equaled to around 425 million, which also amounted to a loss of $0.11 per share.
The Chief Executive Officer and President of SUPERVALU, namely, Sam Duncan, said that 2014 has been a year of transition for the company, in which year as per him they have been working on stabilizing operations and laying the foundation for the future. Now he is looking for to a new fiscal year in which SUPERVALU INC. (NYSE:SVU) can focus on driving sales growth across the company.
The net sales, last year, amounted to $3.90 billion. So this year there has been an increase by 1.4%, which is quite decent. The gross profits for this quarter have increased from last year’s $557 million to $590 million this year. This increase was driven by many factors but above all it was because of the incremental fees earned by SUPERVALU INC. (NYSE:SVU) under the TSA and also because lower infrastructural costs were offset by the incremental investments. This ultimately led the company to provide lower prices to the customers of SUPERVALU.
