Supervalu Inc. Earnings Retreat 18% In Q1

(RTTNews) - Supervalu Inc. (SVU) revealed a profit for first quarter that retreated compared to the same period last year.

The company said its bottom line declined to $53 million, or $0.19 per share. This was lower than $65 million, or $0.23 per share, in last year's first quarter.

Analysts had expected the company to earn $0.22 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 3.9% to $5.20 billion. This was down from $5.41 billion last year.

Supervalu Inc. earnings at a glance:

-Earnings (Q1): $53 Mln. vs. $65 Mln. last year. -Earnings Decline (Y-o-Y): -18.5% -EPS (Q1): $0.19 vs. $0.23 last year. -EPS Decline (Y-o-Y): -17.4% -Analysts Estimate: $0.22 -Revenue (Q1): $5.20 Bln vs. $5.41 Bln last year. -Revenue Change (Y-o-Y): -3.9%