SUPERVALU Reports Q4 EPS of $0.44 vs. $0.36; Revenues $9.2B vs. $8.72B

SUPERVALU INC. SVU today reported fourth quarter fiscal 2011 net sales of $8.7 billion and net earnings of $95 million, or $0.44 per diluted share. These results included charges related to previously announced store closures and employee-related costs ($47 million after-tax, or $0.22 per diluted share) and a non-cash intangible asset impairment charge ($18 million after-tax, or $0.09 per diluted share) which were offset by a gain on the sale of Total Logistic Control ($65 million after-tax, or $0.31 per diluted share). In the fourth quarter of fiscal 2010, net sales were $9.2 billion.