EX-99.1 2 d382603dex991.htm CONSOLIDATED SEGMENT FINANCIAL INFORMATION FOR FISCAL 2012, 2011 AND 2010 Consolidated Segment Financial Information for Fiscal 2012, 2011 and 2010

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
  

 

 

   

 

 

   

 

 

 

Total net sales

   $ 36,100      $ 37,534      $ 40,597   
     100.0     100.0     100.0
  

 

 

   

 

 

   

 

 

 

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
  

 

 

   

 

 

   

 

 

 

Total operating earnings (loss)

     (519     (976     1,201   

% of sales

     (1.4 )%      (2.6 )%      3.0

Interest expense, net

     509        547        569   
  

 

 

   

 

 

   

 

 

 

Earnings (loss) before income taxes

     (1,028     (1,523     632   

Income tax provision (benefit)

     12        (13     239   
  

 

 

   

 

 

   

 

 

 

Net earnings (loss)

   $ (1,040   $ (1,510   $ 393   
  

 

 

   

 

 

   

 

 

 

Depreciation and amortization

      

Retail Food

   $ 755      $ 794      $ 820   

Save-A-Lot

     62        55        56   

Independent Business

     67        76        81   
  

 

 

   

 

 

   

 

 

 

Total

   $ 884      $ 925      $ 957   
  

 

 

   

 

 

   

 

 

 

Capital expenditures

      

Retail Food

   $ 511      $ 427      $ 568   

Save-A-Lot

     130        132        74   

Independent Business

     59        45        49   
  

 

 

   

 

 

   

 

 

 

Total

   $ 700      $ 604      $ 691   
  

 

 

   

 

 

   

 

 

 

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   
  

 

 

   

 

 

   

 

 

 

Total

   $ 12,053      $ 13,758      $ 16,436   
  

 

 

   

 

 

   

 

 

 

 

(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
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

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
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

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.