SuperValu Inc. said its normalized net income for the fiscal third quarter ended Nov. 29, 2014, was $1.17 per share, compared with the S&P Capital IQ consensus estimate of 96 cents per share.
EPS climbed 21.9% year over year from 96 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $44.3 million, a gain of 23.3% from $35.9 million in the year-earlier period.
The normalized profit margin rose to 1.0% from 0.9% in the year-earlier period.
Total revenue increased on an annual basis to $4.20 billion from $4.01 billion, and total operating expenses rose from the prior-year period to $4.08 billion from $3.90 billion.
Reported net income declined 66.3% from the prior-year period to $10.6 million, or 27 cents per share, from $31.4 million, or 84 cents per share.
