SUPERVALU Q2 Profit Matches Estimates - Quick Facts

(RTTNews) - SUPERVALU INC. (SVU) reported second-quarter net earnings from continuing operations of $31 million or $0.11 per share, compared to $40 million or $0.15 per share, last year. Results for the second quarter of fiscal 2015 included $1 million in after-tax information technology intrusion costs, net of insurance recoverable. When adjusted for the item, second quarter fiscal 2015 net earnings from continuing operations were $32 million or $0.11 per share.

The company noted that its net earnings from continuing operations in the prior year quarter included $9 million in after-tax income related to the sale of a property and a $3 million after-tax charge related to a legal settlement.

On average, 12 analysts polled by Thomson Reuters expected the company to report profit per share of $0.11 for the quarter. Analysts' estimates typically exclude special items.

Second quarter net sales were $4.02 billion compared to $3.95 billion last year, an increase of 1.8 percent. Analysts expected revenue of $3.95 billion for the quarter.

Identical store sales in the Save-A-Lot network were positive 6.5 percent. Identical store sales for corporate stores within the Save-A-Lot network were positive 8.2 percent. Identical store sales in the Retail Food segment were positive 0.4 percent.

"The investments we have made at Save-A-Lot continue to drive sales and our Retail Food stores recorded their third consecutive quarter of positive identical store sales. The addition of the Rainbow stores this past quarter is a positive for our Independent Business and we are encouraged by the early results," said President and CEO Sam Duncan.