Exhibit 99.1
SUPERVALU INC. and Subsidiaries
CONSOLIDATED SEGMENT FINANCIAL INFORMATION
(Unaudited)
(In millions)
February 25, 2012 (52 weeks) | February 26, 2011 (52 weeks) | February 27, 2010 (52 weeks) | ||||||||||
Net sales | ||||||||||||
Retail Food | $ | 23,685 | $ | 25,021 | $ | 27,741 | ||||||
% of total | 65.6 | % | 66.6 | % | 68.3 | % | ||||||
Save-A-Lot | 4,221 | 3,890 | 3,896 | |||||||||
% of total | 11.7 | % | 10.4 | % | 9.6 | % | ||||||
Independent Business | 8,194 | 8,623 | 8,960 | |||||||||
% of total | 22.7 | % | 23.0 | % | 22.1 | % | ||||||
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Total net sales | $ | 36,100 | $ | 37,534 | $ | 40,597 | ||||||
100.0 | % | 100.0 | % | 100.0 | % | |||||||
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Operating earnings (loss) | ||||||||||||
Retail Food(1) | $ | (930 | ) | $ | (1,409 | ) | $ | 767 | ||||
% of sales | (3.9 | )% | (5.6 | )% | 2.8 | % | ||||||
Save-A-Lot | 232 | 197 | 222 | |||||||||
% of sales | 5.5 | % | 5.1 | % | 5.7 | % | ||||||
Independent Business | 243 | 337 | 299 | |||||||||
% of sales | 3.0 | % | 3.9 | % | 3.3 | % | ||||||
Corporate | (64 | ) | (101 | ) | (87 | ) | ||||||
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Total operating earnings (loss) | (519 | ) | (976 | ) | 1,201 | |||||||
% of sales | (1.4 | )% | (2.6 | )% | 3.0 | % | ||||||
Interest expense, net | 509 | 547 | 569 | |||||||||
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Earnings (loss) before income taxes | (1,028 | ) | (1,523 | ) | 632 | |||||||
Income tax provision (benefit) | 12 | (13 | ) | 239 | ||||||||
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Net earnings (loss) | $ | (1,040 | ) | $ | (1,510 | ) | $ | 393 | ||||
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Depreciation and amortization | ||||||||||||
Retail Food | $ | 755 | $ | 794 | $ | 820 | ||||||
Save-A-Lot | 62 | 55 | 56 | |||||||||
Independent Business | 67 | 76 | 81 | |||||||||
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Total | $ | 884 | $ | 925 | $ | 957 | ||||||
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Capital expenditures | ||||||||||||
Retail Food | $ | 511 | $ | 427 | $ | 568 | ||||||
Save-A-Lot | 130 | 132 | 74 | |||||||||
Independent Business | 59 | 45 | 49 | |||||||||
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Total | $ | 700 | $ | 604 | $ | 691 | ||||||
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Identifiable assets | ||||||||||||
Retail Food | $ | 9,147 | $ | 10,805 | $ | 13,350 | ||||||
Save-A-Lot | 867 | 784 | 685 | |||||||||
Independent Business | 1,955 | 2,050 | 2,214 | |||||||||
Corporate | 84 | 119 | 187 | |||||||||
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Total | $ | 12,053 | $ | 13,758 | $ | 16,436 | ||||||
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(1) | Retail Food operating loss for fiscal 2012 and 2011 reflects goodwill and intangible asset impairment charges of $1,432 and $1,870, respectively. |
SUPERVALU INC. and Subsidiaries
CONSOLIDATED SEGMENT FINANCIAL INFORMATION
Fiscal 2012 Quarterly Information
(Unaudited)
(In millions)
Quarter ended | Year-to-date period ended | |||||||||||||||||||||||||||
June 18, 2011 | September 10, 2011 | December 3, 2011 | February 25, 2012 | September 10, 2011 | December 3, 2011 | February 25, 2012 | ||||||||||||||||||||||
Net Sales | ||||||||||||||||||||||||||||
Retail Food | $ | 7,330 | $ | 5,608 | $ | 5,359 | $ | 5,388 | $ | 12,938 | $ | 18,297 | $ | 23,685 | ||||||||||||||
% of total | 66.0 | % | 66.6 | % | 64.3 | % | 65.5 | % | 66.2 | % | 65.7 | % | 65.6 | % | ||||||||||||||
Save-A-Lot | 1,282 | 972 | 982 | 985 | 2,254 | 3,236 | 4,221 | |||||||||||||||||||||
% of total | 11.5 | % | 11.5 | % | 11.8 | % | 11.9 | % | 11.5 | % | 11.6 | % | 11.7 | % | ||||||||||||||
Independent Business | 2,501 | 1,849 | 1,986 | 1,858 | 4,350 | 6,336 | 8,194 | |||||||||||||||||||||
% of total | 22.5 | % | 21.9 | % | 23.9 | % | 22.6 | % | 22.3 | % | 22.7 | % | 22.7 | % | ||||||||||||||
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Total net sales | $ | 11,113 | $ | 8,429 | $ | 8,327 | $ | 8,231 | $ | 19,542 | $ | 27,869 | $ | 36,100 | ||||||||||||||
Operating earnings (loss) | ||||||||||||||||||||||||||||
Retail Food | $ | 150 | $ | 127 | $ | (818 | )(1) | $ | (389 | )(1) | $ | 277 | $ | (541 | )(1) | $ | (930 | )(1) | ||||||||||
% of sales | 2.0 | % | 2.3 | % | (15.3 | %) | (7.2 | %) | 2.1 | % | (3.0 | %) | (3.9 | %) | ||||||||||||||
Save-A-Lot | 69 | 50 | 59 | 54 | 119 | 178 | 232 | (1) | ||||||||||||||||||||
% of sales | 5.4 | % | 5.1 | % | 6.1 | % | 5.5 | % | 5.3 | % | 5.5 | % | 5.5 | % | ||||||||||||||
Independent Business | 77 | 56 | 66 | 44 | 133 | 199 | 243 | |||||||||||||||||||||
% of sales | 3.1 | % | 3.1 | % | 3.3 | % | 2.3 | % | 3.1 | % | 3.1 | % | 3.0 | % | ||||||||||||||
Corporate | (16 | ) | (17 | ) | (15 | ) | (16 | ) | (33 | ) | (48 | ) | (64 | ) | ||||||||||||||
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Total operating earnings (loss) | $ | 280 | $ | 216 | $ | (708 | ) | $ | (307 | ) | $ | 496 | $ | (212 | ) | $ | (519 | ) | ||||||||||
% of sales | 2.5 | % | 2.6 | % | (8.5 | %) | (3.7 | %) | 2.5 | % | (0.8 | %) | (1.4 | %) |
(1) | During fiscal 2012 the Company recorded charges of $1,452 related to non-cash goodwill and intangible asset impairment charges and employee-related expenses, of which $907 were recorded in the third quarter of fiscal 2012 all of which were within Retail Food, and $545 were recorded in the fourth quarter of fiscal 2012, $540 of which were recorded in Retail Food and $5 of which were recorded in the Independent Business. |