SUPERVALU Inc. (SVU) reported a fourth-quarter net loss of $1.41 billion, compared to a loss of $424 million last year. Net loss per share was $6.65, compared to a loss of $2.00 per share, prior year. Net loss per share from continuing operations widened to $0.85 from $0.20 a year ago.
Net loss from continuing operations was $179 million, or $0.85 per share, and included $149 million in after-tax charges, or $0.71 per share, primarily related to non-cash asset impairment charges and employee severance. When adjusted for these charges, fourth-quarter loss from continuing operations was $30 million, or $0.14 per share. Fourth-quarter of prior year adjusted earnings from continuing operations were $5 million, or $0.02 per share.
Net sales decreased to $3.89 billion from $3.98 billion last year. The company said the decrease in net sales primarily reflects a decline in identical store sales of negative 4.1 percent for Retail Food and negative 2.6 percent for Save-A-Lot network identical store sales.
Gross profit margin was $548 million, or 14.1 percent of net sales, compared to $572 million, or 14.4 percent of net sales last year. The decrease in gross margin as a percent of net sales reflects investment in competitive pricing partially offset by lower promotional spending, the company said.
On average, 11 analysts polled by Thomson Reuters expected the company to report profit of $0.18 per share for the quarter. Analysts' estimates typically exclude special items. Analysts expected revenue of $7.86 billion for the quarter.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.